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Millionaires and fake prosperity
in Sox First, on March 12, 2009
... more than 11% of GDP (compared with 6% under Roosevelt) and America is now the world's biggest debtor nation. So all this talk about fewer rich people is misleading. The so-called prosperity was...
Will GM and Chrysler go bust?
in Sox First, on February 10, 2009
...onal bailout aid. "Under such a deal, the government would finance the bankruptcy with a "debtor in possession" or DIP loan, which would elevate its lender status. According to industry...
Are we all Keynesians now?
in Sox First, on December 30, 2008
...you don't raise taxes, you have to borrow it which is a real concern given that the US is now a debtor nation with minimal reserves and enormous foreign debts. Which in turn raises the question of...
It's jail time for tax evader Wesley Snipes
in Sox First, on April 25, 2008
...ndy Sand says it's harsh for a misdemeanor, an over-reaction that's in effect resurrecting debtor's prison. "Where's the justice, fairness or sanity when government officials tur...
How to Think Like Warren Buffett, Part 30
in The Personal Finance Weblog, on April 24, 2008
...hem probably would never have existed.
Buffett annually rails against the U.S.'s position as a debtor nation. A snip from 2006:
I want to emphasize that even though our course is unwise, America...
Book Review: The Biography of a Dollar by Craig Karmin
in The Personal Finance Weblog, on March 18, 2008
...eir own self interest, it is still a reality that demonstrates our vulnerability in being a massive debtor nation.
Karmin sums up the book by giving us the bad news that, while the dollar is still #1...
Credit Company Practices vs. Personal Responsibility
in The Personal Finance Weblog, on October 30, 2006
...evil deeds.
The whole story maks me feel icky. No one comes out looking good on this one--not the debtor, not Capital One, not BusinessWeek.
Thoughts?...
Motivation for the Debtor
in The Personal Finance Weblog, on July 28, 2006
If you're in a sea of debt but determined to do something about it, you'll be motivated by this story at MSN Money that details one woman's long road back from a $55,000 debt.
How'd she do it? In short, she stopped spending. But SERIOUSLY stopped spending:
Her budget w...
Owen or Rooney?
in The Soccer Weblog, on April 10, 2006
...en is the same as always: he doesn't contribute enough outside of the box.
Owen's alleged debtor offers less pace but more skill and less of a goal-poaching threat but the ability to score t...
the US trade balance
in TJ's Weblog, on September 22, 2003
...than was paid out from the United States to foreign investors, even though the country became a net debtor in the mid-1980s. Even in 2002, America's net payments on foreign investments were less t...



