We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
U.S. household debt, which has been growing steadily since the Federal Reserve began tracking it in 1952, declined for the first time in the third quarter of 2008. In the same quarter, U.S. consumer spending growth declined for the first time in 17 years.
Bailing out one of the 20th Century's best business models. Quote from Reason:
Blaming the customer is the second-to-last refuge of any crappy industry, business, or organization (the last refuge being asking for a handout on Capitol Hill). As my ex-L.A. Times colleague and current Reason magazine Contributing Editor Tim Cavanaugh has noted in our pages, the paper we both short-timed for was filled with people making jokes about whether we could just "fire our readers." Over the recent holidays, an entire journalistic Festivus celebration of customer-blaming broke out over New Yorker finance columnist James Surowiecki's lament that, "The real problem for newspapers…isn't the Internet; it's us. We want access to everything, we want it now, and we want it for free." To extrapolate, if only us greedy human beings would realize that our very democracy was at stake, that we "are taking an active step in the formation of a country without a civic conscience," then we'd damned well volunteer to pay an unnecessary premium to keep our finest journalists in permanent six figures. Sounds precisely as convincing as the argument that enlightened voters will surely agree to pay extra taxes so that political campaigns can be financed through "clean" money.
Where to put your money: Why mattress sales will take off. Warren Buffet:
“This should be bullish for Berkshire. With great foresight, I long ago entered the mattress business in a big way through our furniture operation. Now mattresses have become fully competitive as a place to put your money, and sales will soon take off.”
One of the economic constants is that everybody can't save at once. It's in fact what prevents an actual social security trust fund except by way of smoke and mirrors. It also prevents privatizing (the function of) social security.
Future goods and services will be provided by future workers, and no pile of currency is going to help. Currency is only a ticket to say those future workers do something for you, and having more tickets around doesn't produce more workers, it just raises the price those same workers charge.
Only delaying average retirement solves that particular saving problem.
The P-I died a long, long time ago--it lost it's passion for truth--for journalism. So many times in the last five years I have walked into a store, or a convention hall (garden exhibits, car exhibits, home make over exhibits, etc.) and there they are. Sitting at their desk trying to get people to sign up. Handing out free umbrellas, tote bags, etc. if you subscribe. On numerous occasions I have heard people ask the P-I staff --"where's the news?". The usual response to this has been: "we have really good community events pages, or, "don't you need the tv section?" They have had a very strong union, which has done as they were told by other union leaders. They have not served this community well for a long time.
"New Yorker finance columnist James Surowiecki's lament that, "The real problem for newspapers…isn't the Internet; it's us. We want access to everything, we want it now, and we want it for free."
Am I missing something? The liberal media has been claiming for more than a generation that Capitalism, and it's profit motive, is evil. That "free" health care, housing, food and education were our right, not something we should provide for ourselves. FDR's freedom from want.
No these same liberals are complaining that we want our news for free? Who got this juggernaut rolling in the first place? And if the shareholders of medical and pharmaceutical companies should be required to provide us with "free" drugs, shouldn't the owners of newspapers provide us with "free" news?
Newspapers are going the way of the Buffalo for a variety of reasons. It has been related quite often that the internet killed the newspaper star...What is not often pointed out however is that newspapers have by and large abandoned those of us who voted for GWB. I did along with more than 50% of the voting public. And yet, our point of view has been abandoned by newspapers, most editorialists, late night comics and much of the rest of our media...Why should I bother to read the latest Associated Press bias on an issue I care about like the War on Terror? In my view, the public did not abandon newspapers but they sure abandoned a large number of us...Around 50% I think.