November, 2009

Taleb’s Thanksgiving Turkey

[image credit] I’m still in a tryptophan coma, but here’s a timely mention of the story of the turkey from Nassim Taleb’s book The Black Swan which I am (supposed to be) reading. The following excerpt is taken from the transcript of a Charlie Rose interview. —— CHARLIE ROSE: And what is the story of ...

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What is the economy?

[caption id="" align="alignright" width="288" caption="Photo: commons.wikimedia.org"][/caption] A friend asked me the other day, what really is the economy? It’s funny, just a few years ago, I wasn’t really sure, nor did I care what the economy was. It just wasn’t something that interested me and it wasn’t in the news every single day like it ...

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Black Friday 2009: Boom or Bust?

Black Friday, the biggest retail shopping day of the year, is usually seen as a key barometer of the health of the economy. And the best way to check its pulse is to look at three of the biggest categories of consumer spending. We included the stores that are leading the retail rebound; department stores ...

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Overdraft Fee Monster Eats Social Security Income, Too

B of A's Overdraft Fees Victimize Long-Time Customer This should be considered a deadly weapon, in light of banks' runaway abuse of overdraft fee policies. (Photo: flickr.com) Overdraft fees across the board have attracted the interest of Congress lately. Many have said that the way in which overdraft fees are assessed by banks and credit unions is ...

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Payday Advances: An Alternative to Credit Cards

APPLY for Payday Advances HERE! [application_form] Payday Advances help make ends meet If you want to use plastic without overspending, get a payday advance and use your debit card. Just when you could really use it, you run out of cash. You scrape together enough money to pay the mortgage, and the home insurance bill comes in the mail. ...

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