Archive for the ‘Economics’ Category
Twice in the recent past I have written about the pricing strategy of J.C. Penney and its attempt to shirk the ‘pricing for idiots’ strategy. First, I wrote about how a new CEO, Ron Johnson, chucked the old strategy of deceptive sales pricing and moved toward a model of ‘true value’ pricing. Shortly thereafter, I wrote [...]
I find this breaking news to be very intriguing, especially since I wrote a short post just over a year ago in regards to the new pricing strategy put into practice by the new CEO in 2012. A quote from the January 2012 article on Yahoo goes as follows: Perhaps the biggest challenge for Penney is [...]
Chris Martenson has published an excellent piece on Safehaven.com on why Americans can’t afford the future. And the truth is: The three adult generations in the U.S. are suffering, and their burdens are likely to increase with time. Each is experiencing a squeeze that is making it harder to create value, save capital, and pursue [...]
Ask anyone who went to Walsh College or the University of Detroit … who was the greatest teacher they ever had? So many come back and say “Harry Veryser.” You’ll hear students say that for the first time ever they understood and became interested in the dismal science. Harry assembled an entire department, at Walsh, [...]
This is just a peek at what lies ahead. In a Detroit suburb, rioting ensued when a government organization attempted to hand out welfare freebies in the form of Section 8 Housing Vouchers. The county was giving out 1,000 vouchers and at least 4x that many people showed up to get the freebie. The Michigan [...]
Oh my – Jack Lew gets an F for handwriting. Also, I wonder if anyone can help Jack Lew find his chin? I’m sure he would like it back.
Quiz: is this Ben Bernanke or Alan Greenspan as a child? Does it matter?
I received this content in an “alert” email from the Wall Street Journal today: Obama to Nominate Lew as Treasury Secretary President Barack Obama has decided to nominate Jacob Lew, a central figure in the Clinton and Obama White Houses, to be the next Treasury secretary, elevating the White House chief of staff into the [...]
Since I am a fan of process documentation and flow charts:
This is one from the “Yes, someone really wrote this” files. The Washington Post “fact checker,” Josh Hicks, has put it in writing that the United States government, in spite of its trillions of debt, is not insolvent because insolvency implies an inability to pay debt, and the US can pay its debt because it [...]