My wife finished up her contract with the University of Virginia and we left Charlottesville and the wonderful ward there. We headed out to hike the Continental Divide Trail (CDT) that runs from Mexico to Canada.

The CDT is known to be very remote. One result of that fact is that we often go days without any cell coverage and even longer periods between times when I get to really look at the news.

So, I was really surprised by two significant items I ran into. I also found an explanation of a third issue that has been in the news.

First, Salt Lake has airborne toxins that mean that the rate of Alzheimer’s disease and similar afflictions will be four times the national average, and greater for those seventy of age and older.

That is scary.

Second, I saw a number of things about a LDS panty patrol and other headlines on that topic that are more profane. I am uncomfortable in repeating them.

The headlines were based on the following facts:

  • Women sometimes wear over the knee temple garments to avoid lines when wearing slacks, yoga pants and similar clothes.
  • There has been a declining use of temple garments, especially among men.
  • There was an official church statement that discussed these two facts in an unusual context.

I find myself unable to comment on the combination and it is unsurprising that many of those who have commented do not bear repeating. The sad thing is I think that the resultant news coverage was a complete surprise to the authority whom I am sure meant well.

Third and finally, I finally ran into a complete analysis of the Church and the investment fund that appeared to focus on using attorney logic rather than human logic.

It started with the decision to build an index fund. Stocks are purchased to mimic the ratios of the Dow Jones.

The goal of such a fund was to follow the market and to keep costs low. There is remarkably little discretion or decision making in managing such a fund.

At the time the funds started, the SEC had quit reading the require reports related to such situations and petitioned to have the regulation dropped.

A lawyer would suggest that you could skip reporting for a year based on that. Any human broker working in finance would decide that such a required report was a bright line rule and one must fill out that form and report.

The next year, the reporting requirements were not dropped. A human working in finance would assess the situation, adjust their behavior and start reporting. A lawyer would assess the situation and decide that any employee or representative would qualify as an independent decision maker — because there really were not decisions to be made in maintaining an index fund. They then picked random people with generic names and had them sign off as the independent decision maker.

Index funds are particularly ill-suited to the concept of independent management because there isn’t any decision being made.

Eventually a whistleblower appeared who then attempted to make ten billion dollars for whistleblowing.

The whistleblower did not collect. But, the funds were fined roughly one year’s worth of what it would have cost to manage them properly.

A lawyer sees that as a win as the funds came out ahead in dollars saved vs dollars fined. A broker would see that as a punishment and an indictment. Much of how outsiders have seen the entire situation is a direct reflection how they felt about the church before the press got involved in the story.

People who were church insiders assume good intent and remain positive about the LDS church. Those who were negative about the LDS church see the church actions in this situation as another point of dishonesty and hypocrisy.

That is what I’ve seen that is notable from a Wheat & Tares standpoint.

My question is what has been in your news feed? Any surprises?