The world is coming to an end. The current financial crisis has taken its tole on a staple of my diet – Mother’s Animal Cookies has gone bankrupt. First we loose Snelgrove’s Ice Cream and now this. I might be thinner but I am going to be an ornery old man.
Category: economy
Blackmarket Bread
Listening to the news in the car this morning there are protests in Egypt because the high price of fuel has driven up the cost of grain which has driven up the cost of government subsidized bread. The news story was the first time I had heard the term “Black Market Bread.” As I drove…
Walmart is Not so Evil
Normally you wouldn’t find me extolling the virtues of a large corporation like Walmart, but this article that Marion sent me outlines how Walmart was a lot more helpful during Katrina than Fema. I find the argument of private corporations being more responsive and capable than governments interesting. I have to think that one through…
How Mortgages and Housing Hurt the Economy
I had always assumed that the potential for default on risky mortgages was a problem, but I didn’t realize how far reaching it could become. Here is an article in the New York Times that explains how bad mortgages can have a dire effect on the global economy. In case you want more bad news…