... Your Personal Economy is Your Responsibility!
As human beings we try to do two things at the same time. On one hand, we want to look in the mirror and feel good about ourselves … and on the other hand, we want to benefit from dishonesty. Dan Ariely, Ph.D. Professor of Psychology and Behavioral Economics, Duke University Before you complain [...]
WARNING: Graphic Frog Content. Read at your own risk. As the story goes, a frog is placed into boiling water. And when the frog hits the hot water, it immediately jumps out. But when the frog is placed in cold water … heated slowly over time … the frog doesn’t move so quickly. As a matter [...]
Ever play the shell game? It’s a so-called gambling game where a small ball is shifted underneath one of three shells. And the spectator wagers on which shell covers the ball when the shifting stops. If the spectator guesses correctly, the shell man will pay double on the bet. But if the guess is wrong, [...]
Banks are setting the rules without regard for reality! At least that’s how Neil Barofsky summed it up when talking with Bloomberg news about the recent LIBOR (or, as some are calling it, “Lie-bor”) price-rigging scandal. I won’t get into the complexities of LIBOR — the London Interbank Offered Rate — but here’s the gist. [...]
Washington just took over one-fifth of the entire U.S. economy. And with the full backing of the Supreme Court, no less. Our wise leaders can now direct $2.6 trillion in NEW federal spending for cheaper universal healthcare. Said differently, we the people just gave Washington a huge piggy bank. A $2.6 trillion piggy bank filled [...]
Maybe it’s the new book. Or maybe because he’s arguably the most-vocal economist of this generation. Either way, he’s everywhere. And it’s not just his daily posts at The New York Times that are raising eyebrows. He’s on CNN, MSNBC, CNBC, National Public Radio and many other media outlets. Not to mention countless print publications [...]
I was in the break room when a coworker from another department walked in. Within seconds we got to the “Hi, how are you” exchange … promptly followed by the obligatory “I’m good, thanks.” But today was different. As I was speaking something inside me gave me pause. I finished getting water from the cooler [...]
I was recently talking with some friends about the economic headlines streaming out of Europe. Since my friends aren’t really followers of economic and political trends, there was a sense of puzzlement when the word “austerity” came up. Their reaction, “What does that mean, exactly?” Interestingly, the puzzling looks continue to crop up more and [...]
