hard times are a gateway to new careers
For millions of Americans, the recession has been a curse. For a relative few, it’s something more complicated: A catalyst for change. An opportunity to grow. A kick in the butt. via For some, hard times are a gateway to new careers – USATODAY.com.
the great american fear…
“Our family is now going to be one of those who need public health care, which I never thought we would,” Sarah said. “It’s scary.” from On a Street in Gaithersburg, Health-Care Anxiety Abounds Whether or not you’re in favor of the current “healthcare reform” package (whatever form it has taken by the time you [...]
when $300K per year is just not enough…
Here’s a good joke for you – little bit of gallows humor: “I went to buy a toaster, and it came with a bank.” The joke is from this rather remarkable article about the struggles of getting by in New York City on $300,000 a year. I’m always struck by a very weird combination of [...]
I fell into a burning ring of fire…
If you want to read a gruesome story, go no further, gentle reader. I can’t say I sympathize too much with the guy in the story – too many beers and Xboxes and lottery tickets in the expenditure column to feel sympathetic. At the same time, the economic “fallout” from families like these will affect [...]
the $700K studio apartment?
“…James Tate, 44, who, along with his wife, Valisa, 39, paid $695,000 for a 1,100-square-foot studio.” via Renters to the Rescue – NYTimes.com. I’m sorry, but as someone who just relocated from New York to Florida I find statements like this to serve as a complete affirmation of my decision. That $695,000 studio that couple [...]
public hatred of failed institutions
A fascinating observation about economics from – of all places – a movie review… Banks made for easy targets, logistically and otherwise, and, as the writer Bryan Burrough points out in a book about America’s inaugural war on crime, these outlaws took advantage of the public’s hatred of those recently failed institutions. via Movie Review [...]
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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