Archive for January, 2009
The Face of the Economic Crisis
January 26th, 2009It is really easy to read how bad the economic crisis is and to watch your portfolio and the major indexes decline. But it is also very important to understand what life is like for the people losing their jobs and what they face. I think the below 60 minutes piece about Wilmington, Delaware is […]
Banker’s pay
January 23rd, 2009Check out this graph (it doesn’t need much commentary):
Poodle sends former French Prime Minister to hospital
January 22nd, 2009You just can’t make this stuff up:
Former French President Jacques Chirac was rushed to a hospital after being mauled by his pet dog who is being treated for depression, in a dramatic incident that rattled the ex-president’s wife.
Poodle Mauls Chirac
Cheat, Pray, Love
January 21st, 2009Be sure to read the following column from the New Yorker on financial fraud, its very well written here is an excerpt:
But the main reason that Madoff didn’t destroy investor confidence is that it was already gone, thanks to a year when just about every institution that the market depends on—rating agencies, accounting firms, regulators, […]
Communism and Dissent
January 21st, 2009Want another affirmation as to how lucky we are to live in America? Check out the following from the New York times reporting that China cut out parts of Obama’s speech:
At one point, Obama said earlier generations ”faced down communism and fascism not just with missiles and tanks, but with sturdy alliances and enduring convictions.” […]
Maybe there is hope for the future
January 20th, 2009I took this picture at an elementary school in Santa Barbara, CA. I was waiting for Anthony, the kid I’m a mentor to.
The kid who made this star is in first grade. Maybe we should be optimistic for our future…
UN Acquires the Bomb
January 19th, 2009This is soooo funny:
“The U.N. Headquarters in New York has flags from all over the world and enough uranium to wipe Israel off the map.”
Here is the link:
UN Acquires the Bomb
Remembrance of Dr. King
January 16th, 2009Here is his famous “I have a dream” speech. How proud and happy would he be for Tuesday’s inauguration. And how much does our nation owe him and every person who struggled and fought for civil rights in this country.
Grilling of Vice Chairman of the Fed
January 15th, 2009This is a must watch of finally a congressman standing up and asking tough questions about where the $1.2 trillion the Fed spent went.
Keynesian Economics & Gov’t Spending Isn’t Going to Help
January 14th, 2009This following is an excellent video from the Cato Institute showing the fallacy of a government spending program meant to boost the economy. I got this link from Mark Perry’s excellent Carpe Diem blog. The investing implications are important because if history is a guide the economy will not rebound due to Obama’s trillion spending […]