There's been an endless series of speeches and self-serving righteousness about executive compensation on Wall St., the value of golden parachutes and the egregious exit pay of chief executives.There's no…
Lately, I’ve become increasingly skeptical that the steps being taken in Washington are close enough to the source of our economic problems to be successful. A recent New York Times article reflects on the new consumer aid program, for example. The TALF program (Term Asset-Backed Securities Loan Facility) will lend $200 million to private investors who will buy securities backed by auto loans, credit cards, etc.
In theory, this will keep credit flowing freely from lenders to borrowers but I’m dubious of this trickle-down expectation. If Keynes is right that the locus of economic turbulence is insufficient demand, there are just too many places “twixt the cup and the lip” for these incentives to go awry and for the stimulating effect to dissipate.
Yes, I realize we don't cover the auto industry here . . . but I believe that whether and/or how we rescue the American auto industry will be a harbinger…
Dubbed the only honest restaurant in America - where the slogan is "the food is so good, you'll die", this restaurant is a testament to all that's great . .…
I must admit I feel strongly about both alternatives. My capitalistic tendencies - and virtually all of my business colleagues - say "let 'em die". There certainly is a lot…
