. . . despite all the wonderful-sounding prognostications from those who’d like to fool us (namely, our political lords and masters and their economic masters). The indispensable Karl Denninger has been keeping his watchful eye on the reality of the present economic situation. In several posts this week, he’s highlighted the wishful thinking being presented… Continue reading The economy is still a mess . . .
Tag: Business and Commerce
World’s longest golf course – by several hundred miles!
Gotta love ingenuity when you see it. Australian entrepreneurs, desperate to make travelers through a desolate region of their country slow down and spend more time there, have come up with a doozy. It looks like a lot of fun, too! The vast Australian emptiness of the Nullarbor Plain [circled in red on the satellite… Continue reading World’s longest golf course – by several hundred miles!
Twitter and the Internet defeat heavy-handed lawyers
Readers may not be aware of the so-called ‘Trafigura Affair‘. Nevertheless, I’m delighted to read about the humiliating defeat administered to the company and its lawyers after they tried to silence legitimate reporting concerning parliamentary matters in England. First, some background. In 2002, Mexican state-owned oil company Pemex begin to accumulate significant quantities of coker… Continue reading Twitter and the Internet defeat heavy-handed lawyers
The economy – don’t drink the Kool-Aid
I’ve posted on more than a few occasions about the state of the economy. It’s no surprise to me that while I’ve been in hospital, things have been continuing much as I (and others) have predicted . . . and that the mainstream media and spokesmen for Government and ‘big business’ are as mendacious as… Continue reading The economy – don’t drink the Kool-Aid
Now that’s an expensive ‘Oops!’
I’m amused to read of an accounting mixup that’s headed to court. The University of Notre Dame mistakenly gave a $29,000 gratuity check to a catering employee. Now it’s suing to get its money back. The South Bend Tribune reports that on April 17, the university made a mistake and sent Sara Gaspar a check… Continue reading Now that’s an expensive ‘Oops!’
Sometimes the little guy wins after all!
Congratulations and kudos to Ann Minch, who mounted a one-woman crusade against Bank of America for its treatment of her, and called for a consumer’s revolt against it and other banks like it. On September 8th, Ms. Minch posted this video on YouTube. Within days it had ‘gone viral’, with tens of thousands of views.… Continue reading Sometimes the little guy wins after all!
For those with more money than sense
I’m horrified to read a news report that a hairdresser in Britain is charging his celebrity clients more than US $32,000 for a hairdo! A celebrity stylist is charging £20,000 for a wash, cut and blow dry. Stuart Phillips’ salon in London’s Covent Garden has Swarovski crystal chandeliers and Japanese shampoo beds. Clients are not… Continue reading For those with more money than sense
We’re about to fall off the economic cliff
I think this may be one of the most important posts I’ve ever put up on this blog. I implore you, dear readers, to watch the video and read this article carefully. It’s all true – and it accurately portrays the economic future we all face right now. I say that as a former director… Continue reading We’re about to fall off the economic cliff
‘The ghost fleet of the recession’
That’s the headline of an article in the Daily Mail. An extract: Here, on a sleepy stretch of shoreline at the far end of Asia, is surely the biggest and most secretive gathering of ships in maritime history. Their numbers are equivalent to the entire British and American navies combined; their tonnage is far greater.… Continue reading ‘The ghost fleet of the recession’
A question about financial survival
In a comment on my post, a couple of days ago, about financial planning and preparing for economic hard times, reader STxRynn asked: I guess what I am really interested in is where to put the money…. Stranger is kinda hinting around what I have been considering. An article on Argentina, post 2001 collapse, mentioned… Continue reading A question about financial survival