What we are witnessing may be the greatest destruction of financial wealth that the world has ever seen — paper losses measured in the trillions of dollars. Corporate wealth. Oil wealth. Real estate wealth. Bank wealth. Private-equity wealth. Hedge fund wealth. Pension wealth. It’s a painful reminder that, when you strip away all the complexity [...]
Entries Tagged as 'Economics'
Quote of the Day
September 18th, 2008 · 5 Comments
Tags: Business · Economics · Election 2008 · McCain · Politics
Manganomics
April 23rd, 2008 · 1 Comment
On the pages of the Pekin Times and Ed Emmon’s Pekin News and Views, Jim Mangan scribes yet another diatribe, this time with some lovely statistics regarding the expansion of the federal government and taxation over the years. Master Mangan rings forth with much woe … but, yet again, proposes nothing in the way [...]
Tags: Economics · Mangan · Politics
Throw The Penny Down A Well … And The Nickel, Too
March 31st, 2008 · 7 Comments
While I’m a supporter of charities such as the Central Asia Institute and its Pennies for Peace campaign, and the initial funding for the construction of Cardinal Glennon Children’s Medical Center (where I did my pediatrics residency) came in part from the donated pennies of St. Louis schoolchildren, from an economic standpoint, it’s time to [...]
Tags: Economics