predicted by Stephen Roach
, the chief economist at investment banking giant Morgan Stanley. He's been right before
Man Wants Church Donation Back
A man, in the midst of a serious bout of depression, gives away almost his entire life savings, $126,000, to a local church. He later realizes that this was not the smartest thing to do. He asks the church for the money back. The church, not surprisingly, says they've already spent it and so he can't have it back.
Bust out the lawyers!
Monetary Policy in a Zero-Interest-Rate Economy [pdf]
This report written by the Dallas Fed
is amazing. Amongst other things, it outlines a plan to tax your savings
as a way to continue to stimulate consumption should rates
fall to zero. While opinions of the 'fed
range from worship to outrage, their actions raise some serious questions. Why does this unelected
group wield so much power? At what point are their actions (taxing savings) a violation of our property rights? If our economy is built on capitalism, why can we not be capitalists and embrace the opportunity presented by both boom and bust? At what point are we a command economy
When she sees the SIZE of your bank balance, she'll be digging YOUR "gold" in no time!
Today's Independent on Sunday
newspaper carried the story of these fake ATM receipts showing a balance of $314,159.26
"After you write your number on this receipt (conveniently folded in your wallet), hand it to the member of opposite sex and watch how fast they call you!"
Tragically, they look nothing like UK ATM receipts, but it had me wondering - what's the lowest-down dirtiest line/ trick you (sorry: I mean, a friend of yours
) ever pulled in an attempt to impress a member of the desired sex?
Some guy named Luigi is coming to repo Air Force one if the US doesn't pay up
. Follow up to this post
Silly listeners. Payola in radio isn't "back", it's just back in the news
Read how more than ever radio airplay is not determined by you, creativity, inspiration, nor musical genius, but by the big green. More reasons to try xm
Are the Republicans the party of the wealthy?
According to http://www.opensecrets.org that may not be the case.
Some Good News for a Tuesday
Now that a third
cabinet official has been held in contempt over the handling of funds owed to Native Americans, is a big check in the mail? Or will the Interior Department claim that they are out of stamps?
How geeks can do away with cash and be their own banks.
We've been around the topic of alternative economics
a few times before on MeFi, but this piece from the reliably clever Shift
makes it all clear to me. How you can do it, and why. And it actually suggests that programmers are the best people to manage a new money system.
There's even a Bay Area monetary guru
to hand. Does this make as much sense to anyone else as it does to me?
Richard Reeve calls campaign finance reform "Joke of a Nation".
Sadly enough, he backs it up with some good points. Is a city, state, or national office going to become the new status symbol of conspicuous consumers?
"What is your name? Do you have a claim against me? Does anyone have a claim against me? I demand, or request, that the order of the court be released to me immediately."
(NYT link) 12 Michigan (natch) nutcases shout the same four questions over and over during their fraud, conspiracy, and tax evasion trial. Seems they believe the four questions shield them from government authority. They also believe the U.S. Constitution was invalidated when FDR took us off the gold standard, and the federal government has no power over them. I wonder if they'll come to feel differently after a few years in the federal penitentiary?
money, chocolate or cocaine when you've got women?
David Greg Harth is not afraid.
As part of his ongoing art project in which this New York artist stamps US currency with phrases, he's releasing 'I am not afraid' and 'I am not terrorized'. He needs help circulating the bills.
$70mil in US aid to Afghanistan in 1997
Per the CIA's very informative world factbook web site, in 1997 the USA provided "about $70 million in humanitarian assistance in 1997". I have a feeling that $70mil is a drop in the ocean to what may be spent on Afghanistan in the near future, though perhaps not in a manner to their liking.
Bush Gave $43 Million to Taliban Last May
- "The gift, announced last Thursday by Secretary of State Colin Powell, in addition to other recent aid, makes the U.S. the main sponsor of the Taliban..." - pulled out of a thread, originally posted by mrgrimm
"When I first saw it, I knew it would be as important as Gutenberg."
Hyperbole aside, PerfectBook -- a machine that spits out a complete book from a digital file within minutes -- sounds intriguing. What's more, "a distracted teenager could run it."
Finances can be a sticky issue in relationships
Can you pay my bills?
Can you pay my telephone bills?
Can you pay my automo-bills?
If you did then maybe we could chill
I don't think you do
So, you and me are through
Can I get paid to write stuff like this? And just how would one get started?
Should all of America pay for Davenport?
If a community has the ability to avoid a natural disaster and chooses not to, are the rest of us responsible? How many times. Apparently, Davenport benefits economically from the great view, unobstructed by a floodwall. Maybe it should use some of those benefits to clean up the mess?
Pay up or get out!
''Please be advised, that you are in default in the payment of tithes to the Holy Tabernacle Church of God in Christ Inc., for a period in excess of 90 days.'' ...If the money isn't paid... ''all privileges of membership in the Church will be immediately suspended....'' God loves you, but we won't if we don't get the cash, Now that's Religion!!!
what it takes to convince me not to hold my bridge toll
in my mouth while i roll down the window? i mean, i guess we all know that money
is dirty, but i used to enjoy my blissful ignorance.
Amazon.com keeps adding to the black hole.
Looks like Amazon.com has taken a page from the Government's "running the country" book - they keep throwing money at a black hole instead of restructuring what they already have.
Rich to get richer
thanks to new technology.
The wealth of "high net-worth individuals" is set to leap by an annual 12 percent to $44.9 trillion by 2004 with technology windfalls pushing more people into the "ultra-rich" category, a Merrill Lynch and Gemini Consulting survey showed on Tuesday.
will be the last time you leave your Francs in the car unattended. Were they Francs or american currency...I wonder?
Who wants to be a twenty-aire?
$20 for you, $10 for me. Or, $20 for you, $10 for Justin
. Or whatever. Either way, I can't find the catch. Free money, and you don't even have to write a review of anything.
The way Bank of America has been dicking me around, I expect to transfer to an Internet bank by the end of the year. Although x.com is interesting and is giving away free money, I don't think this will be it. I'll probably wait until ETrade gets its act together with Telebank. If precedence is anything, I expect ETrade to give $100, United miles and a toaster to early adopters.
This is also the first one-letter domain that I'm aware of. (I lack the interest go try all 26 to find out.)
Paying for McDonalds drive-thru food without cash
is the latest shameless marketing attempt to make things as "convenient " as possible. The sad thing is, what they're really trying to do is separate the notion of real money from "digital money" so you'll buy more stuff, thinking it's all monopoly money (credit card companies have built an industry on doing exactly this).