Earn What You Spend

[via Five Cent Nickel ]
The debate about the stimulus plan is in full swing.  The plan in its current version includes about $275 billion in tax cuts.   What does this mean for you?  It could mean a number of things - I’ve embedded the current proposal below for you to take a look. 
Five Cent [...]

These are the indicators of crisis, subject to data and statistics.  Less measurable but no less profound is a sapping of confidence across our land - a nagging fear that America’s decline is inevitable, and that the next generation must lower its sights.”
Barack Obama, Inauguration Address.
The economic news yesterday was brutal - more layoffs, plummeting profits, foreign [...]

Remember when the government injected billions in TARP money into banks such as Bank of America?  When it backstopped the most poisonous assets from Citi with billions in taxpayer funds? 
Looks like it didn’t do the trick. 
Bank of America reached a new deal for more capital with the government: 
Reeling from previously undisclosed losses from its Merrill Lynch & [...]

The most up-to-date information can be found on Twitter.  I cannot begin to imagine what a terrifying experience this was. 
After the plane landed in the Hudson around 48th street, it has been drifting south, right past my office.  Here are a few photos I took with my iPhone of the plane / tug boats/ Coast Guard [...]

The American home is an asset in free fall - I have never been so relieved to be a renter.  
Foreclosure filings in 2008 jumped up 81% from the year before: 
U.S. foreclosure filings jumped 81 percent last year as falling house prices, tighter mortgage lending and the longest recession in a quarter century battered property owners, RealtyTrac [...]

In the world of public radio, Fresh Air remains one of the best radio shows out there.  Terry Gross possesses a real talent in interviewing subjects from wide-ranging subjects and illuminating the core issues in a disarming manner. 
In this program, she interviews Harvard economist Greg Mankiw,  who is currently one of the more outspoken critics [...]