This Frank Hubbard quote was spotted in The Big Picture blog:
“The safe way to double your money is to fold it over once and put it in your pocket.” — Frank Hubbard
Archive for the ‘Economy’ Category
How to Double Your Money 3 comments
Changing the Economic Paradigm 1 comment
When it comes to the financial crisis Dani Rodrick, an economist at Harvard, said, “The problem wasn’t with the economics but with the economists.”
Rodrick’s quote appeared in the March 4th issue of the N.Y. Times, in a Patricia Cohen article titled, “Ivory Tower Unswayed by Crashing Economy.” An economic paradigm change in underway, but as usual, the established thought is resisting the change. Since new paradigms don’t occur over night, let’s hope the economy collapse in the meantime.
kenne
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This Time It’s the Media That’s Guilty of Tax Fraud Leave a comment
Being A Matrix Guy . . . 1 comment
. . . I Couldn’t Pass This One Up!
kenne
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Can You Name The Year? Leave a comment
Can You Name The Year?
• Time Picture of the Year, Comet Hale-Bopp
• The death of astronomer Carl Sagan
• Intel’s Andrew Grove was Time Magazine “Man of The Year”
• Allen Iverson was NBA Rookie of the Year
• BMW 5 Series – Import Car of the Year
• Diana, Princess of Wales was killed in a car crash in Paris, France.
• Steve Jobs was named the interim CEO of Apple after haven been “ousted” in 1985
• Radiohead released “Paranoid Android”
• Mother Teresa passed away
• Ronaldo was the FIFA Player of the Year
• The Dow reaches 7,100
THE DOW REACHES 7,100!
OH BY GOD!
THE YEAR IS 1997.
kenne
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How Does The Current Bear Market Compare To Those In The Past? Leave a comment
One Year Ago on My 360 Yahoo Blog — Still Germane 1 comment
Raising Both Affluences and Equality
This entry is a follow-up to the January 30 entry, “Greed and The Stuff We Have,” Greed, Entry for January 30, 2008, in which I encouraged the reader to become familiar with Julian Edney’s Edney’s series of essays on greed in an effort to explore ways of raising both affluence and equality. Ideas are everything.
Most of the time, questioning creates ideas. As children, we seek knowledge through questioning. As humans, we tend to possess a very inquisitive nature. For many of us, as we mature, our inquisitiveness becomes less credulous and more skeptical. We become “Gadflies.” Whether you see value in being a gadfly or not, you will find interesting the debate, “The Value of Skepticism: Is Skepticism a Negative or a Positive for Science and Humanity?” – Deepak Chopra v. Michael Shermer.
Michael Shermer is probably today’s best-known skeptic. He is the founder of The Skeptics Society and editor of its magazine, Skeptic. Recently, Shermer has been writing on evolutionary economics, which explains why irrational financial choices were once rational. His current book, “The Mind of the Market,” and in a recent Scientific American article of the same name, he states, “Just as it is a myth that evolution is driven solely by ”selfish genes’ and that organisms are exclusively greedy, selfish and competitive, it is a myth that the economy is driven by people who are exclusively greedy, selfish and competitive. The fact is, we are equitably selfish and selfless, cooperative and competitive. There exists in both life and economies mutual struggle and mutual aid. In the main, however, the balance in our nature is heavily on the side of good over evil. Markets are moral, and modern economies are founded on our virtuous nature.”
In January, Michael Shermer discussed his book as part of the Authors@Google series.
Ideas are everything!
— kenne
Greed and The Stuff We Have
Thomas Aquinas said of Greed: “It is a sin directly against one’s neighbor, since one man cannot over-abound in external riches, without another man lacking them… it is a sin against God, just as all mortal sins, inasmuch as man condemns things eternal for the sake of temporal things.”Remember, “…our stuff is somebody else’s shit,” to paraphrase George Carlin. The idea that our stuff is somebody else’s shit is a reflection of our Greed because we have more stuff than ever before.
What Role Does Greed Play in American Life?
Does money determine our friends?
Are we a society long fueled by Greed?
Is our economy a “zero-sum” economy?
Does our nation run more on wealth than justice?
Is materialism natural? Is it good?
What is the “language of control?”
Are we marching toward greater inequality?
Is competition good for all?
What is the relationship between Greed and global warming?
Is an obsession with growth the reflection of our Greed?
If you are seeking to answer these and other similar questions on Greed, materialism, environmental pollution, it can be found in a series of essays on “Greed” by Julian Edney.
These essays are written in a Thomas Pain style of pamphlets, which he utilized over two hundred years ago to help educate the common man on important issues. Take the time to read them — read them more than once.
Also, take the time to watch the video, “The Story of Stuff,” by Annie Leonard. You will find it very educational to become more informed on the results of our behavior.
— kenne
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MOSLER’S LAW Leave a comment
MOSLER’S LAW, as stated by Warren Mosler of Illinois Income Investors Offshore Advisors, “…is no financial crisis is so deep that a sufficiently large increase in public spending cannot deal with it.” Using Mosler’s Law, Barry Ritholtz wrote “Deficit Spending for Dummies” in his February 19th Newsletter. Read more…
kenne
Jamison Foser writes in “MEDIAMATTERS FOR AMERICA:”
When is a tax cut for 98 percent of taxpayers portrayed as a tax increase? When some of the small handful of people whose taxes will go up happen to control the nation’s news media.
Last week, President Obama unveiled a budget outline that extends the Bush tax cuts for all but the top two percent of taxpayers and makes permanent a tax credit of up to $800 for low- and middle-income workers that was included in the recent stimulus package, among other tax cuts.
On the other hand, individual taxpayers with taxable income above $200,000 ($250,000 for families) per year would pay more in taxes under Obama’s plan, under which the tax rates paid on income in the top brackets would revert to their levels under President Clinton in the 1990s — from 33 and 35 percent to 36 and 39.6 percent. Slate.com’s Daniel Gross estimates that for someone with $350,000 in income, this will amount to about $1,500 a year in increased taxes.
CLICK HERE TO READ THE FULL ARTICLE
kenne
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