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.
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 [...]
bad government! bad!
Their livelihood was being threatened, and they were tired of waiting for government help, so business owners and residents on Hawaii’s Kauai island pulled together and completed a $4 million repair job to a state park — for free. via Island DIY: Kauai residents don’t wait for state to repair road – CNN.com. I realize [...]
Financial Policy Despair
And now Mr. Obama has apparently settled on a financial plan that, in essence, assumes that banks are fundamentally sound and that bankers know what they’re doing. via Op-Ed Columnist – Financial Policy Despair – NYTimes.com. I know Krugman’s a bit too strident and “liberal” (if, by liberal, you mean a Nobel-prize winning economist who [...]
The View From Your Recession
A grim look at the shape of things to come. I know I’m dwelling on the sad state of the economy quite a bit recently, but my own situation (laid off for three months now, with no realistic prospect of work on the horizon) makes me a little more nervous every day. ..in true American [...]
signs of the times in Manhattan
The Canadian Solution
Guess which country, alone in the industrialized world, has not faced a single bank failure, calls for bailouts or government intervention in the financial or mortgage sectors. Yup, it’s Canada. In 2008, the World Economic Forum ranked Canada’s banking system the healthiest in the world. America’s ranked 40th, Britain’s 44th. … Canada has been remarkably [...]
topless dancer or nothing
“When you open the newspaper [want ads], unless you want to be a topless dancer, there’s nothing.” via Businesses in depressed Indiana town doubt Washington can help – CNN.com. Not much I can add to that quote!
unemployment diary
I’m fundamentally a creative type. I’ve sold a couple of written pieces, sold a few paintings, that kind of thing (over the last 10 years, nothing recent). I sank my creativity, my energy, my damed [sic] soul into that job, and in the end, I walked away with non-marketable skills in my head and the [...]
Trying to Live on 500K in New York City
Holy hell, this is depressing. At least if you live in New York. I don’t like living around this type of lifestyle… “People inherently understand that if they are going to get ahead in whatever corporate culture they are involved in, they need to take on the appurtenances of what defines that culture,” she said. [...]
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