http://news.yahoo.com/school-superintendent-gives-800k-pay-150206667.html Until his term expires in 2015, Powell will run 325 schools and 35 school districts with 195,000 students, all for less than a starting California teacher earns. “How much do we need to keep accumulating?” asks Powell, 63. “There’s no reason for me to keep stockpiling money.” Powell’s generosity is more than just a […]
Tag Archives: economics
“Were You Born on the Wrong Continent?”: Americas misguided culture of overwork – Nonfiction – Salon.com
http://www.salon.com/books/feature/2010/08/25/german_usa_working_life_ext2010/index.html Interesting article that basically sums up “work smarter, not harder” in an international economic sense. It also made me realise that Americans – who can’t stand the thought of paying taxes – happily shell out from their own pockets for expensive health insurance, expensive university tuition and (presumably expensive) child care. So much of […]
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http://news.yahoo.com/s/ap/20071223/ap_on_an/mortgage_crisis_4;_ylt=AqoF6PEcw.Dhgi6aibG7AQAE1vAI After a slow and stumbling start, official Washington is scrambling to try to prevent the unfolding mortgage crisis from pushing the country into recession during an election year. There is a strong feeling, though, that the government will need to do more to avert a financial disaster. Congratulations, George W. Bush! An unwinnable war […]
Posted in economics
Also tagged buh-bye, earth-shattering-kabooms, lame-ducks, tricky-dick-redux
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http://news.yahoo.com/s/ap/20070227/ap_on_bi_ge/economy;_ylt=AnDTL5BCQQzhEgpWlcHSH4Vv24cA Recession unlikely, economists say Global depression, on the other hand, very probable.
In Washington, Contractors Take On Biggest Role Ever – New York Times
http://www.nytimes.com/2007/02/04/washington/04contract.html A depressing-yet-important New York Times article detailing the recent trend of the United States government contracting out what were once governmental tasks and jobs. Reading some of the numbers involved reinforces the feeling that the US is at the peak of a steeply graded slope towards financial ruin. I wish they’d partner stories like […]
What $1.2 Trillion Can Buy – NYTimes.com
http://www.nytimes.com/2007/01/17/business/17leonhardt.html?em&ex=1169182800&en=823fac5b990e2729&ei=5087%0A WAR! Huh! What is it good for? Well, crushing debt and very little return, it seems. Here’s a short but stunning NY Times piece on what the funds channelled into the Iraq War trough could otherwise be financing. Whatever number you use for the war’s total cost, it will tower over costs that normally […]
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http://www.amazon.com/exec/obidos/ASIN/0887309429/ I failed to reinflate my friend’s balloon (see below) by suggesting she find Die Broke, which was a life-changing read for me. Unlike most self-help books, which are simplistic and repetitive, this one is simple and repetitive, and that makes all the difference. It teaches the basic rules of budgeting and debt-avoidance found in […]