The housing bubble was the last chance most middle-class families saw for grasping the brass ring. Working hard didn’t pay off. Investing in the stock market was a sucker’s bet. But the housing bubble allowed middle-class families to dream again and more importantly to keep spending as if they were getting a big fat raise every year.
- How the Bubble Destroyed the Middle Class
posted by Slap*Happy
on Jul 11, 2011 -
I know this has been on everyone's
mind, but I just read this
article today and was astounded at my lack of foresight.
Silly me, here I was worrying about global warming when what I need to be fretting about is the decrease in fuel's impact on the structure of international banking!
Will we run out of fossil fuel before it's too late
to save the environment
from pollution and greenhouse gasses? The abiotic nuts
think we've got plenty more.
Personally, I think we can kiss the marvel that is suburbia goodbye
and start contemplating the fact that the focus on the post-post industrial revolution will not be information, but rather agriculture
And since solar panels and windmills and the like are made of materials that are extracted, transported, and fashioned by using oil-powered machinery, my money's on the folks who're stockpiling uranium
for all those shiny new nuclear plants we're going to need.
So, do we have a plan? You bet we do!
Oh. Well, we'll just rely on the advancement of technology
to allow us to weasel out of it!
Me? I've actually always wanted a horse
posted by Specklet
on Apr 14, 2005 -
Last of the dot-com playboys?
Henry Blodget, who talked up the tech boom and failed to predict the bust, has taken up Merrill Lynch
's general redundancy offer and walked away with a cool $2 million. (This after ML settled with a client who had his portfolio wiped out by following Blodget's recommendations.) Somehow, though, I suspect that many casualties of the shrinking Nasdaq who followed his recommendations might wish a different "lifestyle decision" for him... (NYT, blah etc blah)
posted by holgate
on Nov 15, 2001 -
I think they got a bargain.
A company which was in financial trouble let a kid come in for two weeks as an intern. He took a look at their business, immediately set up a web site for them to sell their product, and they promptly received an order for 70,000 pounds through that web site. It appears it will save their company.
posted by Steven Den Beste
on Dec 28, 2000 -
relaunches as probably the most boring, blase portal site I've ever seen and their stock goes up
? Is it just me, or does it look like they bought the site from "Al's Do It Yourself Portals"?
posted by owillis
on Sep 25, 2000 -