Good Riddance 2009

By | Jan 4, 2010

Last year saw a lot of ups and downs. We started off watching the car industry with some disgust, questioning the culture of mediocrity that allowed the situation to spiral out of control. We say: Too big to fall? Too big to exist. Get on top of your credit and take control of your life. […]

The East Wants In

By | Nov 11, 2009

photo credit: ccwen7 Trying to identify the exact point where you’ve peaked and begun to decline is easy in hindsight but impossible while you’re living it. There is a lot of talk about the end of the recession, but the actual recovery seems to differ from region to region. Kind of like peak oil, it […]

Wells Fargo Sues Itself

By | Jul 14, 2009

photo credit: Krawiec @ USA – NJ It’s another head shaker straight out of Florida as “Wells Fargo Bank NA” sues “Wells Fargo Bank NA” for outstanding liens against properties involved in foreclosure. In what sounds like the most idiotic chain of events, the bank has hired an attorney to defend itself from, well, itself. […]

Venture Capitalists are Crashing the Party

By | Apr 14, 2009

Apparantly venture capitalists are considered part of the larger economic problem, posing a significant risk to the stability of the financial system; even though the average VC doesn’t use debt and draws its funds from wealthy investors (e.g. the way companies are supposed to work. Conspiracy theory: maybe this re-arrangement is the beginning of the […]

German Company Turns Cellphones into Gold

By | Apr 7, 2009

photo credit: covilha Despite campaigns encouraging people to recycle their used cellular phones, most end up in landfills. In Germany, that amounts to 24 million phones per year – almost 1 for every 3 people. Aside from the obvious environmental harm caused by deteriorating batteries and plastic, the phones represent a significant economical waste – […]

Obama Aims to Battle Debt

By | Feb 21, 2009

photo credit: achichi Obama has a plan in the works for battling the deficit that will see it shrink from $2 trillion this September to around $500 billion by 2013, according to the Washington Post. Although the target debt ratio is high – around 3% – according to the White House that number would be […]

Drink the Ocean

By | Feb 19, 2009

As ideal as it sounds, moving to green energy involves a dizzyingly complex series of factors. We must reduce our consumption – we can’t expect to move our energy source from coal to wind and still keep turning on the television and flipping the light switch in the way in which we have grown accustomed. […]

Bailout Money Could Have Come From Executive Bonuses

By | Dec 31, 2008

What happened to the idea that “the captain goes down with the ship”? According to a post at Factesque, the Associated Press took a look into how much of the federal bailout money was spent on paying for the salaries of those. As it turns out, the money used for that purpose was relatively small […]

Automakers Get Bailout

By | Dec 19, 2008

This morning the White House announced $13.4 billion in loans to the Big Three automakers in Detroit, with an additional $4 billion handout waiting in the wings for February. In return the automakers will let the government inspect their books and promise not to fly their executives around in fancy jets. There is a satirical […]

The Recession is Good for the Environment

By | Dec 17, 2008

It turns out that the recession is good for the environment, as long as Obama has his way. Under a new ten year plan, the president-elect plans to pour $150 billion into projects aimed at improving the energy-efficiency and weatherizing government buildings in order to save big on electricity. By extension, the plan will cut […]

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