Thomas Jefferson
Time Wastes Too Fast
reading The 4-Hour Workweek
After reading Timothy Ferriss’ book The 4-Hour Workweek I was struck by what I viewed as one of his main concepts: work is something to be avoided. The book explains how to set up a business that (largely) runs itself. His idea is to have a passive (for lack of a better word) income [...]
Post from: brip blap.
Goldman Sachs on pace for record bonuses
Guess that bailout really paid off! Sure glad we managed to save Goldman from having a non-record-bonus year. via Goldman Sachs on pace for record bonuses: report | U.S. | Reuters.
For Older Investors, Old Rules May Not Apply
“If another decline in the market is going to bankrupt you or put you out of business or destroy your retirement account, you should not go back into the stock market,” said John C. Bogle, the founder of Vanguard and viewed by many as the father of index investing. “It’s not complicated. The stock market [...]
I love the recession
CNN has a nice little multimedia piece (well, a slideshow) about people who got laid off, but who feel good about it. It’s a good piece if you’re looking for a little bit of encouragement on a Monday morning. Recession: I’m lovin’ it!
the $100 home
Got $100? Welcome to your new Detroit home This number – $100 – is of course entertaining, but it’s something any city with a modicum of sense should be doing. Once a neighborhood has collapsed and jobs have fled, the best hope a city has to rescue an area is to attract artists. I don’t [...]
‘New’ Chrysler Shielded from ‘Old’ Product Liability
There is something deeply wrong about this. Somehow the American legal system is going to absolve Chrysler of any penalties due to their own mistakes – simply because they declared bankruptcy: Chrysler’s bankruptcy will leave lots of people empty-handed. Among them are accident claimants who seek compensation when a faulty Chrysler vehicle causes injury or [...]
Bank of America’s Lewis Tells of Pressure to Buy Merrill Lynch
…Mr. Lewis maintained that federal officials pressured him to keep the merger alive, and acknowledged that his job had been at risk if he did not. But he resisted lawmakers’ efforts to characterize the situation as a threat. And he backed away from earlier statements in which he suggested that Mr. Bernanke and Mr. Paulson [...]
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