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Everyone is nosing around for the next economic bubble. It might not turn out to be a proper bubble, but end of days business looks like a sound niche opportunity. Consider this… I’ve never been a big believer in end-of-days theories. They just seem too convenient. People timestamp their doomsday theories to feel more certain […]
In the spirit of scrambling to keep tabs on federal attempts to grease our economic machine, here’s a roundup of the government’s latest news-making moves: Move #1 Forbes reports that the Fed unveiled the Money Market Investor Funding Facility (MMIFF), which will buy up as much as $6 billion in money market instruments, such as […]
Bloomberg covers the demise of Highland’s Crusader fund, formerly one of the biggest names in the market: Highland Capital Management LP will close its flagship Highland Crusader Fund and another hedge fund after losses on high-yield, high-risk loans and other types of debt, according to a person with knowledge of the decision. Highland, whose total […]
We all seem to be broke these days. Why would anyone in their right mind want to donate money during a financial crisis? Easy. Because the person you’re donating to feels the economic crisis, too. The difference is that while you may lose your house, they may lose their lives. The financial crisis has resulted […]
Homelessness in the United States has always struck me as particularly painful. Penury is not well tolerated in the Land of Opportunity. People think money is easy to come by here, giving extreme poverty an especially powerful stigma. In some countries, the homeless are seen as being cursed. In America, we do the cursing ourselves, […]
Today is Blog Action Day 2008. Here at Business Pundit, we’re joining thousands of bloggers using this special day to talk about one topic: Poverty. So. Ahem. Here’s my chance to launch a kickin’ day of poverty discussion, and what do I find online? That people are fascinated by labia reconstruction and Madonna’s impending divorce. […]
Almost everyone in this country comes from immigrant stock. Even Native Americans are said to have immigrated from Asia in prehistoric times. Immigration is in our blood. Knowing that, it’s not terribly surprising that the bad economy is causing Americans, especially financial professionals, to seek employment abroad. From the Wall Street Journal: The (financial) crisis, […]
Mark J. Perry points out that pumpkins may be scarce this year. My home state, Colorado, is one of the states hit by the shortage: Poor weather conditions have led to a bad pumpkin crop across Colorado this year, according to farmers. Duane Pope of Pope Farms in Wiggins says the shortage means finding that […]
Small business owners clamp up during economic crises. It’s understandable. When people run out of money, they don’t think about buying gourmet Fair Trade coffee or Shiatsu massages. They think about bean soup and victory gardens. Nonetheless, our own economy hasn’t hit soup kitchen status yet. We’re worried, but we’re still moving money around. How […]
Keating 5 Comic The presidential campaign has digressed into full-forced smear mode. After GOP vice presidential candidate Sarah Palin cited Democratic presidential candidate Barack Obama’s connections with former Weather Underground militant William Ayers as proof that he “pals around” with terrorists, the Obama campaign dug into McCain’s long political history to find what people see […]
This week’s odd arrangement of occupations involves some wordy, but worthwhile job posts. I’ll let them explain themselves: 1. Monroe, WA: Bank Robber Decoys Sought I didn’t see the actual ad for this post. Here’s the story, via BoingBoing: A brazen crook apparently used a Craigslist ad to hire a dozen unsuspecting decoys to help […]
It’s almost impossible to follow everything that’s going on in the economy these days. I rounded up 10 items that sum up the most important news that directly relates to us, as well as a couple of items pertaining to countries that don’t seem phased by our crisis: 1. Banks are hoarding money in the […]
