Finance Topic

We were supposed to be done by Friday, but we might have gotten maybe 50% done. The first day we worked until 10:00 pm. The next day we were there until midnight. The following day 2:30 am. By Friday we were running low on energy and we finally had to quit when we received a…

Next week will be a long week as we will sit in a room for four straight days going over the budget. It will be intense as we go over the weak parts of the various budgets. I have never done this kind of review with people outside of the company so it will be…

There’s a new term for capitalism being touted: inclusive capitalism. Basically, we need to include the poor and middle class in the productivity gains, not just flow the money to the already wealthy. The leaders in government and Davos are talking about it and proposals are being discussed. The elites are waking up to the…

I just read recently that eBay and American Express are planning some layoffs, even after some healthy profits. So now, it’s no longer about laying off people to get back into profits; it’s about laying off people so that executives can direct more money into theirs and shareholder’s pockets. To quote from the article: “Yahoo…

The average American saw stagnant income during the 2000’s, if not earlier. Then came the housing crash around 2006/2007 followed by the fall of Lehman Brothers in 2008. The fall precipitated the swoon of AIG and other banking entities, leading to a fear of economic collapse. Banks held out their hands looking for a bailout….

There has been a spate of articles about inequality, even from a food commentator in the New York Times. The gist is that during the last 30 years (since the 80’s, if not even the 70’s), most of the economic gains went into the pockets of the wealthy. Then, since the 2008 Great Recession, all of the…