Aug
13
Wall Street Bonuses to Rise This Year
August 13, 2010 | Leave a Comment
If you want to get a sense of who has the wealth in this country, just scan the head lines. You'll see everyone losing money except for wall street, big pharma and all of the other corporations that pull the strings on our government. Everyone is losing money, while wall street makes their government deals [...]
Jan
14
If the Treasury Secretary Can't Figure Out His Taxes, How Can We Do It?
January 14, 2009 | Leave a Comment
Obama's pick for Secretary of the Treasury has a problem. He didn't pay his taxes. How can a guy that heads up the Treasury (you know the department that contains the IRS) not pay his taxes? According to various news sources Timothy Geithner didn't pay self employment taxes while working for the International Monetary Fund. [...]
Jan
8
Billionaire's Poker
January 8, 2009 | 1 Comment
..or why that German billionaire jumped in front of a train: Adolf Merckle, one of the world’s richest men, committed suicide yesterday by throwing himself under a train, Bloomberg reports. Financial difficulties, and particularly great losses he suffered on Volkswagen stock, are being cited as the key reason he ended his life: [Merckle's company] VEM was [...]
Sep
23
Letting the Storm Pass
September 23, 2008 | Leave a Comment
I'm watching and reading even less news than usual. Why? Because everyday we are flooded with bad news and bad news doesn't make me money. When I do happen to catch some news, financial or otherwise, I grimace. Mostly because the people that are watching it look so depressed. Yes the market tanked. Yes [...]
Jul
1
The Economy, Happiness and the Media
July 1, 2008 | 1 Comment
Every day we are bombarded by news stories about how unhappy Americans are. We're told that even though we are wealthier now then ever, we're more unhappy than ever. Don't fall for this old media trick. Newspapers and magazines sell bad news. That's their business. They need to scare people into buying their product. The [...]