capitalism

The Amish Have Competition

The Amish Have Competition

$99.99 and sure to save you money on heating bills. Made in China.

Wal-Mart in Covina

(from the LA Times)…Becky Willison, 31, of Covina was one of them, standing watch over a boxed Cabbage Patch Kids doll. She hoped to nab the $9 item for her 15-month-old daughter Mackensie because “it’s smushy,” she said. The former middle-school English teacher, who was laid off in June, saved $550 of her unemployment checks […]

This Is My New Bank

Before, it was Washington Mutual.

SERIOUS BUYERS ONLY!!!

I’ve previously posted on the difficulties of selling items on Craigslist. I’ve since learned that buying items can be just as difficult. Last month I looked to see if anyone was unloading soon-to-be-worthless ski lift tickets. Mostly there were a glut of sellers trying to get $10 for widely-available $20-off coupons, but there were a […]

Decree

Citigroup, the ailing US financial giant, shocked the market yesterday by announcing that it would cut 52,000 jobs by the second half of next year. Vikram Pandit, the bank’s under-pressure chief executive, said yesterday that the total number of employees would shrink to about 300,000 by the end of June. Mr Pandit announced the cost-cutting […]

Market trends

I used to have this sort of vague idea that I would let my son pick a stock and buy a few shares of it as a way of providing a lesson in economics and finance. I just checked, and in his lifetime the S&P 500 is now up a mere 1.1%. That’s worse than […]