What could be better than the new Car Allowance Rebate System (CARS); a recent bill that lets you trade in your old, gas-guzzling klunker for a new, more fuel-efficient vehicle?
When I first heard about it, I had to grind my teeth, since I just missed out on the cash bonanza. My 12 year old Honda [...]
There is a quadrillion-dollar powder keg sitting at the center of the world financial markets. If the economy keeps on it present course, it will be ignited into a financial supernova. This is the result of the combination of greed and computers—derivatives.
The Derivatives Powder Keg
Derivatives are financial instruments whose values are derived from something else [...]
Women are the backbone of any economy. Even in countries where women are legally not allowed to participate in the business world, it is they who are responsible for the daily caretaking without which no society could survive. The majority of womens work is still unrecognized. However, there has been some attention drawn recently to [...]
The latest news is that the execs of the banks that got bailed out have earmarked a large amount of the bailout money to pay themselves end of year bonuses. Now we’re going to bail out GM too, again by forking over millions to the very execs whose miserably bad decisions got GM into this [...]
I spent last week fretting about the global financial meltdown, and what it really means. I kept thinking about Zimbabwe, and what it must be like to be living there, where the system really has melted down, and people haven’t got any food. For some reason, everywhere I went, I fell into conversations with [...]
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