11 September 2007

9/11

Take some time today to remember who was lost six years ago.  Clear out all the political stuff. 

10 September 2007

Let’s not get panicky or anything…

Is his middle name “Johnny Drama?”

WaMu dropped 3% after CEO Kerry Killinger said at a Lehman Brothers conference in New York that the housing industry is headed for a “near perfect storm.”

Recessions

The economic and social costs of recession are painful: unemployment, lower wages and profits, and bankruptcy. These cannot be dismissed lightly. But there are also some purported benefits. Some economists believe that recessions are a necessary feature of economic growth. Joseph Schumpeter argued that recessions are a process of creative destruction in which inefficient firms are weeded out. Only by allowing the “winds of creative destruction” to blow freely could capital be released from dying firms to new industries. Some evidence from cross-country studies suggests that economies with higher output volatility tend to have slightly faster productivity growth. Japan’s zero interest rates allowed “zombie” companies to survive in the 1990s. This depressed Japan’s productivity growth, and the excess capacity undercut the profits of other firms.

“Does America need a recession?” in The Economist

Facebook apps

Who’s got some scoops on how to best “get in the game?”

I’m going to take my advice and “just do it…” but any tips?

06 September 2007

james bond trivia

Did you know that George Lazenby gave up a seven-picture deal after filming On Her Majesty’s Secret Service?

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