Big Banks. Fail.

Starting today four on the nation’s biggest banks stopped accepting IOUs from the cash-strapped state of California.
Check the list:

Bank of America,

JPMorgan Chase & Co.,

Wells Fargo & Co., and

Union Bank of California.

Recognize some of the names? Yep, they’re many of the same ones that you and I bailed out with federal [...]

Tell us which bits you don’t like

Please, Mr. Rehberg, could you be more specific about what part of the Obama stimulus program you don’t like. Simply being critical of the federal spending, in general and on principle, isn’t good enough.
As Pogie (over at Intelligent Discontent) capably points out, Rehberg boasts all about the federal pork money he brings to [...]

Nationalize this! Part II

All around the world discussion now includes the distinct possibility of the U.S. nationalizing its top banks. Alan Greenspan no less suggests, “it may be necessary to temporarily nationalise some banks in order to facilitate a swift and orderly restructuring.” And it was probably Senate Banking Committee Chair, Christopher Dodd, who [...]

Sorting through the mess

Like most folks, I don’t completely understand the financial crisis our nation is in. But, my lack of full comprehension doesn’t make the questions less compelling. No matter what you call it – a fiscal disaster, a banking crisis, a liquidity issue, or a banking bailout, the questions remain.
These days it seems [...]

Just because its cheap, doesn’t make it clean ..

That’s the toxic coal ash spill from last month in Tennessee (photo courtesy of The Knoxville News Sentinel). It is a typical hazard of the burning of coal for electricity. All that fly ash has to go somewhere. All around the nation, more than 124 million pounds of toxic heavy [...]

Here’s to your health!

I posted a comment over at NewWest about why business owners should pay for the health insurance costs of their employees. But I don’t think the owner, Jonathan Weber, quite understood my point. Bottom line is that it is best for the business.
Many employees of small businesses can’t afford to get [...]