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Drew on economics
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    1
    0 starsdrew_s | Shared With: Everyone - Feb 12 2009 | economics, news, pennies, history
    New Penny: Lincoln Love Helps Keep Waste Alive - WSJ.com

    The penny has got to get got.

    Quoted: “Producing a penny now costs about 1.7 cents."

  • vote
    2
    0 starsdrew_s | Shared With: Everyone - Feb 10 2009 | economics, funny, news
    You Try to Live on 500K in This Town - NYTimes.com

    This reminds me of when Malik Rose, onetime Drexel Dragon and the Shaq of the NAC, said "NBA players make a lot, but we spend a lot too." I think it was on the eve of a potential lockout or something.

    I believe you, Malik Rose and Wall Street Bankers, and I don't really need to see your opulent budget. The fact that you are fully capable of spending your enormous salary does not justify it.

    Quoted: To many people in many places, it is a princely sum to live on. But in the neighborhoods of New York City and its suburban enclaves where successful bankers live, half a million a year can go very fast.

    Quoted: The president's Wall Street salary cap threatens life as some know it in Manhattan.

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    1
    0 starsdrew_s | Shared With: Everyone - Jan 14 2009 | detroit, michigan, economics, news, mitch albom
    Model D - Hey Mitch: Detroit Primed to Play More Than Defense

    More navel gazing from Detroit, but this one is pretty good.

    Quoted: And yet the story from the local guy that runs in a national publication reinforces all of Detroit's old stereotypes by opening in a homeless shelter, then offering an inventory of the negative and ignoring what I see every day in Detroit. I can't help but feeling like one of those creatures in Horton Hears a Who! shouting: "We are here! We are here! We are here!" We're not stuck or for that matter necessarily tough. We just like going to neighborhood bars like The Bronx, a rogue art show or two, and running into 50 percent of our friends in one trip to Avalon International Breads. We like living surrounded by the Great Lakes and across the river from Canada. We like being surrounded by some of the most creative people, musicians and artists anywhere

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    1
    0 starsdrew_s | Shared With: Everyone - Dec 19 2008 | news, obama, detroit, economics, michigan
    Auto Makers to Get $17.4 Billion - WSJ.com

    Wow, that's good news. Didn't expect it after the managed bankruptcy talk yesterday.

    Quoted: "In the midst of a financial crisis...allowing the U.S. auto industry to collapse is not a responsible course of action," Mr. Bush said.

  • vote
    2
    0 starsdrew_s | Shared With: Everyone - Oct 29 2008 | government, politics, economics, campaign
    2 Rivals’ Plans on Fiscal Issue Add to Deficits - NYTimes.com

    A campaign is no time for a reality check, but here it is anyway. McCain wants to redistribute my meager wealth to the military.

    Quoted: While both presidential candidates enter the campaign’s final week promising to be the better fiscal steward, each has outlined tax and spending proposals that would make annual budget deficits worse, analysts say, with Senator John McCain likely to create a deeper hole than Senator Barack Obama would.

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    6
    0 starsdrew_s | Shared With: Everyone - Oct 01 2008 | finance, economics, news, biography, books
    Omaha Opus | The Big Money

    Interesting. I always love a good Kay Graham story. I also like his takes on scorecards and U2.

    Quoted: “Buffett began to be seen out with [Washington Post Publisher Katharine] Graham more and more. She made it her job to try to give him more polish. … [He] became a regular guest at Graham’s famous dinners, which he called her ‘Kay Parties.’ He enjoyed his status as the hayseed who was flummoxed by a lobster.”

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    5
    0 starsdrew_s | Shared With: Everyone - May 19 2008 | business, entrepeneurship, economics, michigan, detroit
    Model D - Bucks Start Here: Russell Industrial Center

    Cheap commercial space.

    Quoted: Eric Novack, the RIC's leasing agent, considers it a melting pot for artists and small businesses. The former Murray Body Company where thousands of factory workers built bodies for the Dodge Brothers now relies on entrepreneurs for its bread and butter.

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    2
    0 starsdrew_s | Shared With: Everyone - May 01 2008 | canada - us relations, economics, foreign policy, news, politics, canada, michigan, detroit
    Strict new border policies are turning Canada into a foreign country | Salon News

    This is an issue near and dear to my heart, and there are lots of good points in this article. There are also lots of unsupported conclusions though, and the author ignores the fact that our trade relationship is, overall, wildly successful for both parties.

    Perhaps the reason Windsor isn't doing well compared to 1999 is that the Loonie is no longer a joke and Detroit built casinos of its own. In which smoking is allowed. And our own state, particularly the SE region, is falling apart and so we have less to spend and we consciously choose to spend it here.

    There are perfectly good reasons for enhanced security that can and will help both nations in the long run.

    Quoted: Strict new border policies are turning Canada into a foreign country. Is this any way to treat our neighbors?

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    3
    0 starsdrew_s | Shared With: Everyone - Apr 17 2008 | business, money, insurance, mortgage crisis, news, economics, law
    The Consumerist: Explainers: Blame The Subprime Meltdown On The Repeal Of Glass-Steagall

    A neatly distilled analysis. Not sure it gives proper context, but it is informative.

    Quoted: A lot of blame has sloshed around for the sub-prime meltdown, from greedy borrowers to greedy mortgage brokers to Alan Greenspan, but if you want the real culprit, it was the repeal of the Glass-Stegall Act.

    Gotta love the crabby old Dutchmen at the Consumerist.

  • vote
    11
    0 starsdrew_s | Shared With: Everyone - Jan 10 2008 | cars, economics, developing world
    Tata reveals world's cheapest car - Yahoo! News

    Are we looking at a revolution or the next Trabant?

    http://www.time.com/time/specials/2007/article/0,28804,1658545_1658533_1658030,00.html

    Quoted: India's Tata Motors on Thursday unveiled the world's cheapest car, a $2,500 four-door subcompact the company promises will revolutionize the auto industry by bringing car ownership within reach for tens of millions of people.

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