That Old Time Capitalism

I began reading John C. Bogle‘s The Battle for the Soul of Capitalism tonight. So far, it’s an interesting read.

Michelle Singletary – Debt Addicts Get A Dose of Reality

Michelle Singletary – Debt Addicts Get A Dose of Reality – washingtonpost.com: “But many of the individuals who are overloaded with debt need to take responsibility for their bad choices, too. Take credit card debt, for example. Certainly there has been a tremendous push — for decades — by financial institutions to get people to …

msnbc.com video: Obama on the economy

msnbc.com video: Obama on the economy: (Via MSNBC.com.) Wages and incomes for middle class America have been flat for far longer than Obama intimated. In real dollar terms, they’ve been stagnant for decades where the top earners’ incomes shares of national income have quintupled. So in terms of basic fairness and even sound long term …

Obama Casts Wide Blame for Financial Crisis and Proposes Homeowner Aid – New York Times

Obama Casts Wide Blame for Financial Crisis and Proposes Homeowner Aid – New York Times: “‘Instead of establishing a 21st-century regulatory framework, we simply dismantled the old one,’ he said, ‘aided by a legal but corrupt bargain in which campaign money all too often shaped policy and watered down oversight.’” (Via The NY Times.) I’m …

B.E.T. Honors

For much of the network’s life, I have not been a big fan of it’s social impact. Far too many booties shakin’, gangstas, and not enough positive images or ideas. But as of late, I’ve seen some pretty good programming. The kind of stuff the community has been clamoring for years despite Bob Johnson. This …

Mutual Funds Get Greedy

Mutual Funds Get Greedy: “That’s what prompted me to tell the radio interviewer, ‘That’s why mutual funds suck. Not only do they suck 80 percent of the dividends, in come[sic] cases they suck another 73 percent of other gains from investors.’” (Via Yahoo! Finance.) Mr. Kiyosaki is so right that the mutual fund industry is …

Fuzzy Math

I’ve long been a fan of Robert Kiyosaki and the Rich Dad, Poor Dad series of books and was surprised to come across this gem of an article. Not for the writing, but for the statement on our leaders inability to even adequately manage this country’s vast wealth. This applies esp. to Bush who has borrowed into the stratosphere. And let’s not forget that in the midst of repealing the so-called “death tax” that only 1 in 37,000 of us will actually pay. More of the burden for repaying this debt will fall to our children long after those who are responsible for it have left the scene.