FREE BOOK (depressing topic but FREE).
By James Kwak
I contributed a chapter to Is U.S. Government Debt Different?, a book published by the Financial Institutions Center of Wharton. It includes chapters by many people more distinguished than I, such as William Bratton, Peter Fisher, James Hines, Howell Jackson, Deborah Lucas, Steven Schwarcz, Richard Sylla, and others. You can download the whole thing for free at the link above. Enjoy.
The decision about what to do next is even more important than the labor spent executing it. A modern productive worker is someone who does a great job in figuring out what to do next.
The 2010 Federal Reserve Survey of Consumer Finances – a triennial survey of a random sample of American households conducted for the Fed by a University of Chicago-based survey research group – shows the large drop in self-employment income that occurred during the recent economic downturn.
via The Battered Incomes of the Self Employed | Small Business Trends.
No place to hide in this Great Recession.
Holy Crap Batman!
So our question is: at what point does the perpetually self-deluded US population finally admit to itself that when even 99 cent meals are no longer affordable, that this country has a problem?
via Chart Of The Day: When $0.99 Becomes Unaffordable, We Have A Problem | ZeroHedge.
It has been a long, long time since I had a Scary Chart post. Well, your wait is over.
ING To Cut 2,350 Jobs In Europe, But None In U.S. – Courant.com.
What’s that old saying about the truth being the exact opposite of what you’re being told?
Hartford Offers Buyouts to Annuity Clients to Trim Risk – Bloomberg.
Time will tell if anyone sells their contracts back.
She’s on her own, she cleans people’s homes, she’s incredibly nice. She brings flowers every time she cleans, and she’s just respectful and nice and awesome. Why can’t more people be like that? She’s been doing it some twenty-odd years, and that’s just an incredible success story. To me that’s far more interesting than a tech company that’s hiring a bunch of people, just got their fourth round of financing for 12 million dollars, and they’re still losing money. That’s what everyone talks about as being exciting, but I think that’s an absolutely disgusting scenario when it comes to business.
via 37signals Earns Millions Each Year. Its CEO’s Model? His Cleaning Lady | Fast Company.
I loved this interview. You will too.
lifeunderwriter.net 
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