Admittedly I am not a business man. The business world bothers me in a deep way. It doesn’t sit right with my soul. There always seems to be someone getting screwed and taken advantage of.
I felt like I was being taken advantage of by my former employer, Specimen Specialists of America,…
Read MoreFriday’s mass shooting of a kindergarten class in Connecticut left twenty 6 to 7 old children without their lives. The weapon used to shoot each victim multiple times was the Bushmaster 233. Looking at this gun, one doesn’t think self defense. One thinks military. In America, purchasing such weapons is…
Read MoreThe manner in which Michigan passed legislation this week is sickening. They bar the collection of union dues as a condition of employment. That sounds dandy because no one wants to pay for something they don’t want. However, who are the ones who don’t want it? Is it union members?…
Read MoreWhen Ki-Suck Han stood directly in the path of an oncoming subway train in NYC, freelance camera man, R. Umar Abbasi, knew he had struck gold. He suggests that 20 or so seconds elapsed before the train slammed into Han. Like any rational person, he decided he would do his…
Read MoreIndividualNet WorthSource of IncomeBill Gates $50,000,000,000Microsoft Warren Buffett $40,000,000,000Berkshire Hathaway Larry Ellison $27,000,000,000Oracle Charles Koch $16,000,000,000manufacturing, energy David Koch $16,000,000,000manufacturing, energy Christy Walton $21,500,000,000Wal-Mart Jim Walton $19,600,000,000Wal-Mart Alice Walton $19,300,000,000Wal-Mart S. Robson Walton $19,000,000,000Wal-Mart Michael Bloomberg $17,500,000,000Bloomberg Jeff Bezos $8,800,000,000Amazon Sheldon Adelson $9,000,000,000casinos, hotels Sergey Brin $15,300,000,000Google Larry Page $15,300,000,000Google George Soros $13,000,000,000hedge funds Forrest Mars, Jr. $11,000,000,000candy, pet food Jacqueline Mars$11,000,000,000candy, pet food John Mars $11,000,000,000candy, pet food Steve Ballmer $13,300,000,000Microsoft Paul Allen $11,500,000,000Microsoft, investments Carl Icahn $10,500,000,000leveraged buyouts Michael Dell$14,500,000,000Dell Phil Knight $9,500,000,000Nike Donald Bren $12,000,000,000real estate Len Blavatnik $5,000,000,000Access Industries Ronald Perelman $10,000,000,000leveraged buyouts Abigail Johnson $11,500,000,000Fidelity John Paulson $6,800,000,000hedge…
Read MoreIndividual Net WorthSource of IncomeBill Gates $59,000,000,000MicrosoftWarren Buffett $52,000,000,000Berkshire HathawaySheldon Adelson $28,000,000,000casinos, hotelsLarry Ellison $26,000,000,000GoogleLarry Page $18,500,000,000OracleSergey Brin $18,500,000,000GoogleKirk Kerkorian $18,000,000,000venture capitalMichael Dell $17,200,000,000DellDavid Koch $17,000,000,000oil, commoditiesCharles Koch $17,000,000,000oil, commoditiesPaul Allen $16,800,000,000Microsoft, investmentsChristy Walton $16,300,000,000Wal-Mart inheritanceS. Robson Walton $16,300,000,000Wal-MartJim Walton $16,300,000,000Wal-MartAlice Walton $16,100,000,000Wal-MartSteve Ballmer $15,200,000,000MicrosoftAbigail Johnson $15,000,000,000FidelityCarl Icahn $14,500,000,000leveraged buyoutsForrest Mars, Jr. $14,000,000,000candy, pet foodJack Taylor $14,000,000,000Enterprise Rent-A-CarJacqueline Mars $14,000,000,000candy, pet foodJohn Mars $14,000,000,000Hedge FundsDonald Bren $13,000,000,000real estateAnne Cox Chambers $12,600,000,000Cox EnterprisesMichael Bloomberg $11,500,000,000BloombergGeorge Kaiser $11,000,000,000oil &…
Read MoreLowering government spending in ’93 boosted the economy because of the economic conditions at the time.
Very high capital costs
Very high interest rates
Businesses operating with very high utilization of capacity (But still not investing more because capital costs were so high.)
The thinking was that if government stopped borrowing, interest rates…
Lowering government spending in ’93 boosted the economy because of the economic conditions at the time.
Very high capital costs
Very high interest rates
Businesses operating with very high utilization of capacity (But still not investing more because capital costs were so high.)
The thinking was that if government stopped borrowing, interest rates…
Highlights from Jeffrey Sachs’ The Price of Civilization: Reawakening American Virtue and Prosperity
I have recently been reading Jeffrey Sachs’ The Price of Civilization: Reawakening American Virtue and Prosperity. I figured instead of trying to paraphrase, I would do a post of a selection of my highlights. Here they are thus far:
A society of markets, laws, and elections is not enough if the…
Read MoreImagine America as a big pizza party. There is one big pizza with 100 slices and 100 people. This party divvies the pizza up according to net worth. The wealthiest person in the room collects 35 slices. The next four wealthiest take 28 slices.
The next five wealthiest get 14 slices. The following…