What kind of world do we live in when a slime ball like Bill O’Reilly not only doesn’t get fired for sexual harassment but also gets a huge payoff when the company he works for (FOX) realizes that people are upset that he got away with sexually harassing multiple women – who were also paid…
Category: Economics
The Capitalist Conundrum
Capitalism is relatively new and still evolving on the human timeline – going back no further than the Medici of Florence and then modernizing in the Netherlands of the 18th century before reaching full early bloom in London and then in the 19th and 20th centuries in New York – the mantra of capitalism has…
The Joy of an Ebay Auction
I’m watching an auction right now….it’s something I want, but don’t need yet, but will need eventually, so I’ve been watching a few auctions. Most of them have gone for way too much – this one though – the price is right – at the moment, but there are 27 minutes left, so that can…
The Looming Financial Crisis – Navient Student Loans
Here is what the base of the next big financial crisis will be…it will be students like me who borrowed $30k and then graduated at the start of the great recession – and then were encouraged to use forbearance on their student loans while they struggled to find their feet under them, start families, and…
Great Depression Coming and Prozac Won't Help
This comes as no surprise to me, but maybe the rest of you might want to brush up on your hobo skills. The Bank of International Settlements (BIS) is warning that the global economy could be on the brink of a major depression similar to the one that passed in the 1930s. The BIS said…
Wilderness Survival
Even though the wilderness is disappearing rapidly, I have always been a fan of knowing how to survive without modern civilization. The edible plants portion of this site offers some great advice. The whole site is good and may come in handy if the Shananapocalypse happens sooner rather than later. Wilderness Survival
Your money is worth less today if it is in dollars
Remember back when the exchange rate was .8 Euros to the dollar? Or when a dollar would buy almost two Canadian dollars and four kiwi dollars? Well…those days are gone…you should have gotten rid of your cash then…now it’s like trying to sell the house you thought was worth half a million for $350K, it’s…
Citizen Kane Greatest American Movie
It’s official: Citizen Kane is the greatest US movie of all time, pipping The Godfather into second spot. That’s according to the American Film Institute (AFI), which has just released its latest list of the top 100 American flicks, selected by “1,500 ballots sent to film-makers, actors, writers and other Hollywood players, who chose from…
More Unemployed this Week than Last
WASHINGTON (AP) — The number of newly laid off workers filing claims for unemployment benefits shot up unexpectedly last week, rising to the highest level in two months. The Labor Department reported that unemployment claims totaled 324,000 last week, up 10,000 from the previous week, to the highest level since mid-April. While the big increase…
Alternative Currencies Working in Massachusetts
I was reading the New York Times the other day and it wasn’t terribly surprising to me to see that the last major downturn in real estate prices occurred right before and during the great depression. Think about it. The stock market is at a record high, investors are pulling their money (if they can)…