For years Americans spent most of their income largely on the assumption that their increasing home values provided wealth. The entire economy, from retailers to restaurants, builders to banks, expanded to capture this spending. Sustaining the increase in home values which generated this apparent wealth required the reduction of interest rates and the relaxation of [...]Read Full Post
Archive for April, 2009
ThinkOOB proposes one instance in which a government subsidy, followed by a more-than-one-to-one payback to the government, makes a lot of sense. A bank account is more than just a convenience. It’s one of those things, like your voice, which you only learn to appreciate when you lose it. Take direct deposit. You don’t think [...]Read Full Post
This posting is from someone whom we shall call “Alice” for the simple reason that “Alice” is indeed her name. It came in via email and Iam not sure whe wants her last name used.
Alice suggests changing the rule where a hospital resuscitates a dying patient who “codes” unless the patient has signed an advance [...]