Thursday, October 29, 2009
Simply, Krugman accuses Levitt is of disingenuously quoting a famous climate researcher's work and incorrectly, which Levitt claims was unintentional.
...For many people who do not have bank accounts, or cannot get a credit card, the appeal is irresistible, making the reloadable cards among the consumer banking industry’s fastest-growing products. But their convenience comes with a catch: fees, often hidden in the fine print.You would need to accumulate massive overdraft fees on your bank account, if you have one, for this to be a good deal. To learn more about the prepaid debit card appeal, read the full article here.
A cottage industry only 10 years ago, reloadable prepaid cards have tapped into the vast pool of about 80 million consumers (!) who have little or no access to bank accounts. The market includes college students who do not want to carry around wads of cash and consumers who do not want to type their credit card number into the Internet...
As President Obama prepares to increase the loan portfolio for the Small Business Administration, let's not forget a little-known but troubling controvery that happened last summer. Read the NY Times article here.
Monday, October 26, 2009
Check it out here. (Thanks Freed for the find!)
Sunday, October 18, 2009
"The vehemence in these e-mail messages made me wonder why so many people were furious at those who had more than they did. And why are the rich shouldering the blame for a collective run of bad decision-making? After all, many of the rich got there through hard work. And plenty of not-so-rich people bought homes, cars and electronics they could not afford and then defaulted on the debt, contributing to the crash last year."Read the NY Times article here.
"A big concern among the wealthy right now, their advisers say, is not populist anger but how it might translate into tax-the-rich legislation on the federal and state levels. Their concern is twofold.
The first is that any tax increase has a direct impact on the income they withdraw from their portfolios. More money going to the government means less to live on. “They’re very concerned about taxes going up,” said William Woodson, managing director at the Family Wealth Management group at Credit Suisse. “The percent that goes to taxes is significant if it’s a 15 percent capital gains vs. 25 percent capital gains. It makes a big difference.”
The second concern may be disheartening for those who are angry at the rich but like the museum exhibition or scholarship they pay for: increased taxes could cut into donations. While there is not a direct correlation between tax deductibility and personal donations, there is a correlation between increased taxes in a continued weak economy and charitable giving."
Monday, October 12, 2009
The index is an attempt to say something profound based on the reports of daily life that Facebook users impose on — um, share with — their friends.The idea, one that is generally accepted in social psychology, is that word choice can reveal a person’s mood.Read the entire NY Times article here. Check out the Happiness Index here.
This is true in ordinary writing, these experts say, and even more so in writing like Facebook updates or the tweets of Twitter users, which ostensibly are attempts to describe what you are doing right now and how you feel. (While tweets limn the psyche in 140-character installments, Facebook updates are downright Augustinian, with some running as long as 420 characters.)
Saturday, October 10, 2009
"It’s not a pipeline problem. It’s about loneliness, competition and deeply rooted barriers." Read more in the NYT .
Read the VisualEconomics post .
Read the FastCompany article here .
"Jessica Ladd, founder and chief executive of Sexual Health Innovations, whose Callisto service lets college students anonymously rec...