Tagged With: recession
Liquid Investments
According to some recent news, wine has outperformed the stock market over the last decade – to the tune of an 11% average annual return. Additionally, the market has matured greatly over the last few years and it has its own index, the Liv-Ex 100. Unfortunately, despite the claims of the Liv-Ex, it is heavily … Continue reading
Rows of McMansions … Tomorrow’s Slum?
Is the next version of white flight (or black flight – a more recent occurrence) going to be the middle-classes out of the suburbs? This is not a new fad … it was covered last year in the March 2008 issue of The Atlantic … but the longer that the current economic crisis continues, the … Continue reading
Is it really this bad?
“The American dream to them is a nightmare, and the land of opportunity is but a cruel joke,” said Fox, also of Northeastern, who has been dubbed the “dean of death” for his analysis of mass murders. “The economic pie is shrinking to the point where it looks more like a Pop Tart and some … Continue reading
Unbelieveable! The Rise of the “New Faux Poor”
There are plenty of very rich people still around – nearly 800 billionaires, according to the latest list from Forbes – and some of them continue to spend ostentatiously. But, increasingly, the rich don’t want to be on these lists, because “New Faux Poor”, or NFP, as it is affectionately known, is the must-have social … Continue reading
Could you lose $84.7 million a day?
Well, GM can lose $84.7 million a day! During 2008, GM lost $30.9 billion (and they lost $9.6 billion in the last quarter). But, I guess the biggest question is how do you lose that much money that fast? Or, should we be more worried that last year was not the worst year on the … Continue reading
The two sides of the housing crisis
The more that I read about the housing crisis, it seems that it has two very clear sides. First, are the sub-prime mortgages that were given to people like Marvene Halterman living in that little blue shack. On the other side of the equation are people like Francine Hardaway, who despite being in a position … Continue reading
What Would Barack Do?
I completely agree with Obama’s opinion in his Washington Post op-ed yesterday. What we need from the politician in Washington is some action and not the old-fashioned nit-picking! So what if 1% of the stimulus package does not provide the best value for money, is it not worth it for the other 99%? Think about … Continue reading
The failing economy benefits libraries and museums
This last Sunday, I added up the attendance at the Museum of the History of Science, Oxford and noticed that we had experienced a large increase in attendance, as compared to last January. So, can it be because of the failing economy that we are having more people come through the door? Well, according to … Continue reading
Recession hits Superbowl
From The Big Money … Even the biggest events in sports have been tackled by the sliding economy. But, it does have a chance to become one of the most watched TV events in history because so many extra people will be staying home to watch TV (since it is a lot cheaper than many … Continue reading
Education, Economics, & Stimulus
In light of my previous post on the economic difficulties academia is currently facing and this study by the National Center for Public Policy and Higher Education, it is clear that there is one step that Obama should take to stimulate the economy. Fix the educational system from start to finish!
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