Maureen Dowd in the NY Times today said that we are currently struggling to get over our “affluenza. That condition, the bane of the middle class, is defined in a book of the same name as ‘a painful, contagious, socially transmitted condition of overload, debt, anxiety and waste resulting from the dogged pursuit of more.’” […]
The old definition – a path or a roadway over which something runs – has been updated for the times to mean: the length of time your company has until it runs out of cash. Jason Calacanis, a successful geek entrepreneur (and I use that word with all due respect) said the following: “You need […]
I know I said I wasn’t going to read anymore about the economy but I couldn’t help it, really, I couldn’t. The tag line to Friday’s The Motley Fool was “Is this the Market Bottom?”. I couldn’t resist it … I had to read it. You don’t need to read it, I’ve done the hard […]
Every Sunday morning I sit down with the NY Times and quickly move to the Business Section to read the latest from Ben Stein – we may not agree on many things, but his analysis of the current economy is usually spot to me! In the January 11, 2009 column entitled “Ordinary People vs. Extraordinary […]
Michael Lewis and David Einhorn begin this piece “AMERICANS enter the New Year in a strange new role: financial lunatics.” The article questions how a crisis of this magnitude could happen here – to the nation where “half the planet’s college graduates seemed to want nothing more out of life than a job on Wall […]
Peter Peterson, co-founder of the Blackstone Group, plans to spend $1BILLION to alert Americans to the very real danger of the increasing debt burden according to an article in the NY Times National section on July 14, 2008. Part of his strategy is the documentary film “I.O.U.S.A”. He “wants people to focus on what he […]
David Brooks in the NY Times Op-Ed piece on July 29th, says that the US became the leading econmic power of the 20th century because of the “ferocious belief that people have the power to transform their own lives (which) gave Americans an unparalleled commitment to education, hard work and economic freedom.” He cites the […]