Unsurprisingly enough, credit card defaults are on the rise. This industry is marked by less oversight and more shadiness than the mortgage industry, which is saying something. Now American Express is asking for a government handout, since AMEX depends on banks’ buying securities backed by credit card debt in order to make money. Banks, of […]
Category Archives: economics
If you, like me, are trying to wrap your head around the causes of the current financial crisis, you might find this presentation helpful. It’s a Google Docs slideshow with humorous stick figures talking to each other. But you know how sometimes you laugh at Dilbert strips and think, “Ha-ha! I know jerks like that”? […]
I have Comcast cable internet. When it works, the speed of the connection is great. But there are just too many times when it doesn’t work. Moreover, Comcast has some of the worst customer service I have ever experienced—on the phone, in person, via the web.
But now, with internet usage on the rise, instead of […]
So Phil Gramm, who supports John McCain in November, says, “We have sort of become a nation of whiners.”
A good response from John McCain would have been something like, “Damn straight! And it’s time to wean the American people from their dependence on the government, restore their civil liberties, get them back in the driver’s […]
Just when I thought Ben Bernanke couldn’t be more of a putz… “The dollar surged on Tuesday after Federal Reserve Chairman Ben Bernanke warned the weak U.S. currency posed a risk to inflation, adding to views the central bank could raise interest rates later this year.” Say what?! I’m not economics expert, but last I […]