Starting over: Coining a new dollar - tech - 01 April 2011 Exotic dancers and traditionalists may come to miss it, but the iconic US dollar bill is ripe for replacement - with a coin. Scrapping the paper dollar would do more than prevent a frustrating time at the vending machine. It would also be more cost-effective: US dollar notes drop out of circulation within around two years due to wear and tear, but coins last decades. Why Americans Can't Save Money - Room for Debate Ed Nacional For a short time, Americans seemed to be born-again savers. In the second quarter of 2009, in the depths of the Great Recession, households put away 7 percent of disposable income, compared with under 2 percent in the third quarter of 2007. Yet the savings rate is falling again, down to 5.3 percent in December. According to a Harris Poll released last week, 27 percent of Americans have no personal savings and 34 percent have no retirement savings, an increase from over a year ago.
Option Spreads: Vertical Spreads By John Summa, CTA, PhD, Founder of OptionsNerd.com Limiting Risk with Long and Short Options Legs We have seen that a spread is simply the combination of two legs, one short and one long (but not necessarily in that order), in our simple call spread example in the previous chapter. Now let's get into a little more detail in order to begin to understand how a spread can limit risk. After looking at the risk and reward of spreads versus outrights, the next step will be to explore how each spread works and what markets work best with available spread constructions, keeping in mind the changing risk profiles of each spread from the point of view of the position Greeks mentioned in the previous section. Taking both sides in an option trade in the form of a spread creates an opposing dynamic.
Graphic Charts of Crony Capitalism Being Alive and Well in Fascist America Here are Venn diagrams of the big government/big business partnership that is ruining running the United States. They were created by Stephanie Herman. I will of course lead off with the granddaddy of all big government/big business partnerships, General Electric. [Thanks to Mark Fee]
Curb credit card spending with a jar of peanut butter Carrying a balance on your credit card can put you in a sticky situation. Paying all that interest isn’t exactly peanuts, and dealing with credit card bills every month can leave you feeling roasted. You know what’s nuts? We keep spending. Sure, credit card companies are crafty at finding ways to get you to pay with plastic. Reward programs, cash back gifts, and zero balance transfers are all lip smacking offers designed to get into your psyche and entice you to tap credit.
Yes, there is an alternative to capitalism: Mondragon shows the way There is no alternative ("Tina") to capitalism? Really? We are to believe, with Margaret Thatcher, that an economic system with endlessly repeated cycles, costly bailouts for financiers and now austerity for most people is the best human beings can do? Capitalism's recurring tendencies toward extreme and deepening inequalities of income, wealth, and political and cultural power require resignation and acceptance – because there is no alternative? I understand why such a system's leaders would like us to believe in Tina. The Real Truth About Money If you made a graph of American life since the end of World War II, every line concerning money and the things that money can buy would soar upward, a statistical monument to materialism. Inflation-adjusted income per American has almost tripled. The size of the typical new house has more than doubled. A two-car garage was once a goal; now we're nearly a three-car nation. Designer everything, personal electronics and other items that didn't even exist a half-century ago are now affordable.
Economist Jokes I believe that even Adam Smith would enjoy these jokes. JokEc is a collection of professional humor for the benefit of economists as well as non-economists.1st WWW-edition 24/10/1994 (d/m/y) Update 16/04/2001 Part of the NetEc group since 27/3/1997Before the 2nd Millennia ended, JokEc had existed for over five years and had some 450,000 hits! Five-Year plans of India Since Independence, the Indian economy has been premised on the concept of planning. This has been carried through the Five-Year Plans, developed, executed, and monitored by the Planning Commission. With the Prime Minister as the ex-officio Chairman, the commission has a nominated Deputy Chairman, who holds the rank of a Cabinet Minister.
www.newyorker In the fall of 2011, students in Katie Keranen’s seismology course at the University of Oklahoma buried portable seismograph stations around the campus, in anticipation of a football game between the Sooners and the Texas A. & M. Aggies. The plan was to see if the students could, by reading the instruments, detect the rumble of eighty-two thousand fans cheering for a touchdown. “To see if they can figure out if a signal is a passing train or a cheering crowd—that’s much more interesting for them than discussing data in theory,” Keranen, an assistant professor of geophysics, told me. But at 2:12 A.M. on November 5th, the day of the game, people in seventeen states felt an earthquake of 4.8 magnitude, centered near Prague, Oklahoma, a town of roughly twenty-five hundred, which is about an hour’s drive from Norman, where O.U. is situated.
Twitter mood predicts the stock market with 86.7% accuracy Some people think Twitter is about sharing pointless little messages or about self promotion. However, there’s more to Twitter than this! Whilst a study by Pear Analytics in 2009 estimated that 40% of Twitter messages are just 'babble', this means that 60% isn't. And you can take advantage of that. You can use Twitter to share but also to search and extract information; like giving and taking.
The Winners Curse: Too Big to Succeed? by Robert Arnott, Lillian Wu Much ink has been spilled on the perils of allowing some companies to become “too big to fail.” This assumes that governments, hence taxpayers, must foot the bill when these Top Dogs become seriously ill, while reinforcing a view that the Top Dogs, whose failure might do systemic damage, should be heavily regulated to mitigate the damage that they might cause. The flip side of this view receives scant attention: companies can become “too big to succeed.” Indeed, the “too big to fail” ethos may create headwinds for these self-same companies that can impede their continuing success.
Not an expert? Here are four ways you can still make people listen to you by Dorie Clark One of the most powerful forms of influence, according to psychologist Robert Cialdini's famous analysis, is authority — often derived from perceived expertise. When a doctor advises us to exercise more, or a Nobel Laureate raises questions about a certain economic policy, we're likely to pay much more attention than if a random person offered the same counsel. In our professional lives, this principle can be a boon: if you have a Ph.D in a subject, or have worked in the industry for 20 years, or are seen to be an expert because you write for a certain publication, you have an increased ability to influence others. But what if you don't have those credentials? As I describe in my new book Stand Out, when you're just starting out in a field, or lack blue-chip affiliations, it may be hard to persuade others to listen to your ideas, even if they're groundbreaking and valuable.