September 2008
Monthly Archives
Latest stories
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Prostitutes Find Good Business During Hard Times
Salon reports that high-end prostitution isn’t very sensitive to downturns in the economy. In fact, while prostitutes serving Wall Street may not have as many parties to attend, they’re still in high demand. From Sudhir Venkatesh’s article: Today’s high-end sex workers see themselves as therapists, part of a vast metropolitan wellness industry that includes private […]
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Treasury Warns Against Getting Into Trouble With Debt
Earlier this month the Treasury Department, headed by Henry Paulson, in conjunction with The Advertising Council, came out with a new public service advertising (PSA) campaign that encourages young adults aged 18 to 24 to make responsible choices re: debt and finances. Key to the campaign is the concept of to think twice before spontaneously […]
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It’s the Second Gold Rush as People Seek Safe Place for Money
From the Financial Times: Fears that the US Treasury’s bail-out plan could fail provided support for the gold market, which saw holdings by the main gold exchange traded funds rise to record levels as investors sought a safe haven from the turmoil in financial markets. On Thursday, the US government was forced to “temporarily” suspend […]
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Out from Under the TARP: The Government Bailout Bill
In an unprecedented move towards transparency, the government posted its 110-page financial bailout bill on the Internet. It’s written in Bill-ese, so the House posted two shorter versions in addition to the full text of the bill. The House will vote on the bill early Monday morning; the Senate Wednesday. A few key points not […]
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Bailout Plan is Almost Done, Paul Kanjorski Says
Capitol Hill, speaking through the channel that is Paul Kanjorski, says the bailout bill is pretty much complete and headed for the President’s desk. From Politico: Democratic Rep. Paul Kanjorski said passage of proposed bailout legislation was “almost an accomplished fact” in an interview on CNBC Thursday morning. “The package is basically done, the hard […]
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Senate Approves $7,500 Tax Credit for Chevy Volt Buyers
Ridelust covers the greener side of lobbying: Yesterday, the United States Senate passed a new bill that will provide tax credits for plug-in electric vehicles, allowing GM to successfully achieve their goal of obtaining a $7,500 tax credit for Chevy Volt buyers. According to the new piece of legislation, tax credits for plug-in buyers will […]
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10 of the World’s Most Dramatic Financial Crises, and Their Lessons
This is a blog post by Drea Knufken. Financial crises are consistent in one way, and one way only: They’re far more sexy when your neighbors are wearing them. When you suffer your own, runaway inflation becomes infuriating rather than exotic, and bogus bank scams go from intriguing to fist-clenching. It’s all fine and well […]
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The Google G1 Smartphone: Will it Beat the iPhone?
Yesterday, Google unveiled the much-anticipated G1 Smartphone, based on the company’s Linux-based Android platform. The phone, slated to compete with the iPhone and the Blackberry, will be released on October 22nd of this year, at a bargain price of $179. It works on an operating system called Android, making it available for use on any […]
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Senate Banking Committee Hearings: We’re Not All on the Same Page
So far, it looks like the House listened to dismayed taxpayers, and isn’t allowing the Treasury’s $700 billion bailout plan to pass without quite a bit of scrutiny. For a summary of Paulson’s and Congress’ bailout plans, see this AP article. From the New York Times: Asserting that the plan would allow Mr. Paulson to […]
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150 Best Low-Stress Jobs
Laurence Shatkin, Ph.D., recently released a new book entitled 150 Best Low-Stress Jobs, which helps people with different personalities find low-stress jobs matching their temperaments, interests, and skill sets. Shatkin (quoted from Yahoo) says that “People should look for a job situation or niche that’s less stressful than the norm. For instance, stress levels are […]
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Would You Trust a Hungry Girl?
I believe I’ve found my mentor. Her name is Hungry. Talk about finding a need and filling it well. Not only does Hungry Girl provide valuable diet and grocery shopping tips, but she’s one savvy business woman as well. Not only that, she likes ramen noodles – or at least their healthy facsimile. Who […]
