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Posts Tagged ‘economy’

I’m still waiting for someone, anyone, to point me to the place in the Bible where capitalism is mentioned as the Godly economy. I see socialism in the Old Testament (Jubilee Years?) and communism in the New Testament (early believers).  Not to mention monarchy after monarchy!  (What kind of economy would a monarchy be considered?) [...]

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Unpaid internships? File under ‘hypocrisy’ The reality is that unpaid internships are a great way of giving the children of affluence a leg up in life. If they really do help young people get permanent jobs in desirable fields, then the current internship system has the effect, however unintended, of reserving this advantage mainly for [...]

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I’ve been wondering…

Do economists EVER predict even a single recession? Over the last couple of years I’ve heard and read quite a bit about how they can’t really do that for fear of actually triggering a recession with their bad news. If that’s the case, how are we supposed to believe them when they have good news? [...]

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Am I the only one falling into depression thinking about the incredible economic and environmental effects the oil spill (ing!) is going to have? Dolphins have washed up dead. Endangered sea turtles have been found with oil stuck on their corneas. Lifeless brown pelicans, classified as endangered until recently, have been carried away in plastic [...]

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I didn’t read the article. Any fool knows that winter vacations are up because the WEATHER is FREEZING! Everywhere!

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Is faith in “intelligence” at the root of our current economic problems?  Is meritocracy killing America? Jeremy Beer’s thesis <“Wendell Berry and the Traditionalist Critique of Meritocracy.”>, is that meritocracy, the system in which the smartest people with the highest test scores run things, has given us a ruling class of jet-setting thinkers and talkers [...]

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And eggs.  And more eggs. On Wednesday alone, Flower Child collected *TWENTY-SIX* eggs.  We are NOT used to this.  I am used to supplementing our home-grown eggs with a dozen or two of the icky eggs from Kroger at least once a month. I have no idea what to do with the extra eggs.  We’ve [...]

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URGENT NEWS FLASH!

We’re in a recession!  Have been for a year! Good thing those smart people in Washington let us know….

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Eradicate the cancer!

I swore to myself I wasn’t going to write about the economy anymore.   I was obsessed with what was happening and starting to drown in a sense of helplessness.   I’m one of those I-need-to-fix-it kind of people, you know? Anyhoo…   I smacked myself upside the head with my biggest cast iron skillet to bring myself [...]

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Will we see more of this?

Thoughts for posterity…   someday I’ll come back and read these journal entries about the financial crisis.  It’s always interesting to look back and see how well we can predict the future. If we really do end up in a depression or major recession, will we see more of this here in America and abroad? Street [...]

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Nice thought… Doubt it will happen!

2. The ultimate resolution assures that prior investors in these financial institutions and their executives bear very large financial penalties. Irresponsible homeowners should as well. Welcome to History by Jim Manzi 09/19/08

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Irony, revisited

I stand by the comment I made about the libertarian principal of no government oversight most likely being the pivot point of this crisis.   Listening to the radio this morning, I wondered for a moment if it was 1929 rather than nearly 2009 as they talked about companies taking on more and more debt so [...]

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Another readable article about the financial crisis: How Financial Madness Overtook Wall Street By Andy Serwer and Allan Sloan Thursday, Sep. 18, 2008 There are two ways to look at this. There’s Wall Street’s way, which features theories and numbers and equations and gobbledygook and, ultimately, rationalization (as in, “How were we supposed to know [...]

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Wall Street’s reverse-Robin Hood system Nice blog by Rod Dreher.   Nothing like getting the blood pressure pumping first thing in the morning…  Part of me wants to stick my head in the sand and go on as if nothing is wrong.  Why not?  None of this really affects my family, YET.   Right?   The other part [...]

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American Business culture rewards those who push to the very edge of ethical and legal limits.  There is also a race to see who can go the farthest and the deepest without actually crossing the line and/or getting caught.  Arthur Andersen was supposed to be the watch-dog, but they, too, got caught up in life [...]

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