Tag Archives: Economy

Roundup for Friday 6/4/10

It now seems likely that the Israelis shot at the passengers on the Turkish boat before dropping their commandos onto the deck. At least they kept Hamas from getting their hands on dangerous… medical supplies? Also, in their attack the Israelis killed an American citizen. But don’t worry , that won’t stop American politicians from […]

The American Dream of Home Ownership A Young Concept

Or at least that is what is revealed in this excellent summary of the 20th century history of home ownership in America at the WSJ.

Dow 10,000: Who Cares?

Does anyone remember when the Dow hit 14,000 back in 2007? Those were the golden days – you could buy a house with little or no credit, unemployment was low, peoples’ credit card limits were still high, and only a few people had heard of subprime mortgages (and even less understood them). Now, the Dow […]

Wall Street to start trading in death

I had to check the date and the website to make sure it wasn’t Apri Fool’s Day and that I wasn’t on The Onion but the article turned out to be real and from a generally trusted source, the New York Times: The bankers plan to buy “life settlements,” life insurance policies that ill and […]

The Republican stimulus gambit

Unemployment in the United States has reached 7.6% as the economy shed nearly 600k jobs. That’s the worst job loss rate since the 70s and the worst unemployment percentage since the early 90s. And yet, Republicans are pushing to both cut the size of Obama’s stimulus package and shift it more toward tax cuts contrary […]

Wednesday Blogging – 9/3/08

Good morning everyone! 10:15am People at the McCain campaign are having fun sticking their feet in their mouths. “The vetting process was completely thorough and I’m grateful for the results.” – John McCain “This election is not about issues. This election is about a composite view of what people take away from these candidates.” – […]

Bad economy? A self-fulfilling prophecy

The sky is falling! The economy is crashing! You will be broke, homeless and unable to survive! No longer will you be able to afford your consumer goods or get cheap loans for houses and cars you would can’t really afford. You, an American citizen, entitled to a life of plenty and wealth, might have […]

Wednesday Midweek Roundup Vol. II

Heath Ledger found dead in US This isn’t about a celebrity. My suspicions: a little alcohol mixed with some Ambien led to the Big Sleep. I would look for a backlash against that family of drugs and the over-prescription of them. Or one would hope. We really do try and emulate “Brave New World” in […]