Archive for the ‘money’ Category
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Creative Destruction
“Failure is the opportunity to begin again, more intelligently.”
-Henry Ford
Hopefully, for the sake of his competitors, the founder of the only Big 3 company not to go into bankruptcy was right. For far too long, the leaders of GM and Chrysler have been trying to deny the reality that you can’t make cars people don’t [...] -
You Just Got Served!
I wrote in an email the other day that “I think thinking is good.” It is in that spirit that I (belatedly) post a link to Matt Taibbi’s Rolling Stone article, “The Big Takeover.” From the article:
“As complex as all the finances are, the politics aren’t hard to follow. By creating an urgent crisis that [...] -
What to do, what to do?
I’m still digesting this, but I think Johnson is headed in the right direction. We certainly haven’t seen the worst yet, and if we aren’t willing to suck it up and deal with drastic change (both in the financial sector and elsewhere), we’re in for a long, sucky recovery.
In other news, I will actually [...] -
Peter Schiff = Nostradamus?
[youtube=http://www.youtube.com/v/2I0QN-FYkpw&hl=en&fs=1]
He may not have been spot-on about everything (Gold ran up, but is coming back down), but wow was he prescient. Does this prove once and for all that Ben Stein is not a good source of information? -
Understanding the Financial Crisis
I’m sure all of you are smarter than me, but you might still have a hard time figuring out how so many banks and financial institutions have lost so much money that we have to pony up $750B to bail them out. Well, never fear, Marketplace is here to explain to us all what the [...]
