Trash Your Credit Rating Faster than Bush’s Approval

George W. Bush needs a strong approval rating to get what he wants from Congress in much the same way you need a strong credit rating to get what you want from lenders. Bush wrecked his approval rating by a series of mistakes, errors, and inaccuracies – which is pretty much how you can wreck [...]

McCain: “ economics is not something I’ve understood

Suddenly, the economic consensus seems to be that the implosion of the housing market will indeed push the U.S. economy into a recession, and that it’s quite possible that we’re already in one. As a result, over the next few weeks we’ll be hearing a lot about plans for economic stimulus.
Since this is an [...]

100 Gallons Of Heating Oil For Free From Hugo Chavez

Venezuelan President Hugo Chavez wants to give you 100 gallons of free heating oil to help survive the cold cruel capitalist winter. The hogshead of liquid warmth is available to anyone enduring a financial hardship who fills out a handy online form.
Eligibility is determined with two questions: First, do you live in one of these [...]

And The Great Debt Crisis Begins

There is growing talk on Wall Street about the possibility of a recession. Since the beginning of the year three Wall Street firms (Merrill Lynch, Morgan Stanley and Goldman Sachs) have all stated they believe we are either in a recession already or are very close to a recession. In other words, it’s no longer [...]

Why people believe weird things about money – LA Times

Would you rather earn $50,000 a year while other people make $25,000, or would you rather earn $100,000 a year while other people get $250,000? Assume for the moment that prices of goods and services will stay the same.
Surprisingly — stunningly, in fact — research shows that the majority of people select the first [...]