Quote Of The Day: Ben Bernanke

And no, despite any resemblance, that is NOT a photo of the Three Stooges. A definite case can be made, however, that Mr. Bernanke is surrounded by “speak no evil” and “see no evil”.
Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry Paulson, SEC Chairman Christopher Cox and Federal Housing Finance Agency Director James Lockhart [...]

Philip Schoonover Learns That What Goes Around, Comes Around.

We’ve raked the management of Circuit City Stores over the coals in the past, because of the way they have treated their employees, and for what seems to us, to be some of the worst business decisions in the history of the World.
Circuit City Stores announced on Monday that board member James Marcum has replaced [...]

The Banking Meltdown Is Just A Symptom Of A Much Larger Problem

They’re comparing this week’s financial events in the United States with those that led to the start of the Great Depression. But make no mistake, the United States’ economy has been headed for disaster for years now. The loss of decent-paying jobs, the record number of home foreclosures and the depressed real estate [...]

Hey Buddy, Can You Spare $85 Billion ?

Headlines, then and now…
1975: Gerald Ford To New York City: Drop Dead.
2008: George Bush To AIG: Are You Sure $85 Billion Is Enough?
Of course, headlines rarely tell the whole story. But my, my, how times have changed. As the above Daily News front page shows, a drop of 12 points in the Dow [...]

The Dirty Little Secret That Warehouse Clubs Would Rather You Not Know

We’ve had memberships to several membership-based warehouse clubs over the years. You can save money on many items, but there are often better deals on many items at your local supermarket, Walmart or Target. When you factor in the annual membership fees, which generally range from $50.00 to $100.00 or more, we’re not [...]