Photo credit: @julesdwit.
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I don't think it's a good idea to have non-economists talking about economic issues, the economy, 'the corporations', profit v. non-profit stuff....it just results in the babbling of complete & utter nonsense like the current guest dribbled. In fact, I can't even write anything in disagreement, as I have no idea whatsoever as to what he was trying to say.
... our current failed state is an excellent example of the great capitalist "advances".
 Phil from Queens, GET A CLUE!!!
By FAR! Best place to Run: The west side park along the hudson river: the view of the river, the beautiful lanscaping around Battery Park City! the entire area is a delight to run along. Most wonderful is a warm summer night where you can watch the sunset cast a dozen colors over the Jersey City skyline - a very relaxing biking, running or walking location!
The mugging story reminds me of an small incident that happened about 25 years ago, recounted to me by a friend, now almost 80 years old, who grew up in my hometown in Westchester. My friend was standing outside her parents' house - the house where she herself grew up - and was approached by a new neighbor. There was a short conversation in which the neighbor admired the house and my friend said that her elderly parents owned it. The neighbor then said "do they want to sell?"
It sounds positively quaint now, but my friend and I were both horrified by the question, or perhaps mostly by the way it was put. I knew the house - which I really loved - from my own childhood and never had thought of it as an investment.
LOL... the world became a “corporation” because of election finance corruption. That’s why the Congress instituted campaign spending limits to keep people from buying elected officials and elections like the 2008 Presidential election, where hundreds of millions of dollars are still un-accounted for.
Millions of people are small business owners. They are mostly kind and generous people who give opportunity to others. All the great businesses of the 20th Century were once small businesses. The greatest advances in human history were under American Capitalism; something now being destroyed by the current mis-administration.
The Communist and Fascist Statist models have failed. The Socialist states in Europe struggled and were only able to survive because they were aided by America money and military and were then free riders on the back of the American tax payers since WWII. A couple of states like Canada and Norway have great energy reserves and milked those to subsidize a life-style. State ownership of banking and industry has failed. Why are we printing money to recreate failed models?
Jack -- just curious, how did they overreact? Thanks.
His wife should have called La Leche League for breastfeeding support... free and nothing expected in return. There are some situations where community support already exists.
Brian,Very sorry to hear about your bike. Please tell us how it was locked up and maybe have someone on the show in the future to tell us how to keep our bikes safe and to feel secure about taking them to more places. I don't have insurance for my bike and i would take it more places if I felt more secure about locking it up for a time while at at store or restaurant, or wherever. The city should do more to provide safe bike parking, but i don't know how they would go about doing this.
This is GREAT thinking!
Thanks for a great guest and an important discussion.
Also, this credit crisis was caused by the credit crisis. Before easy access to credit, people had to take real risks to start a business and understand the depth of those risks. Now, live your "dreams" and then let the blow-back hit you later.
On the issue of "too big to fail" what benefits have this large financial institutions provided to customers/clients . We haven't really received better credit card rates, interest rates on deposits CDs. Who has benefitted from the consolidation of the banking industry?
You have a great thinker on today Brian, does Doug have any ideas the average person can do to take "it" back?
This might be unrelated, but it reminds of something Gail Collins mentioned about 18-year old's not knowing the interest rates on their student loans. It reminded me immediately of being 18 and not even really knowing what a loan meant. In terms of how long I'd be paying it. You have other things on your mind at 18. I think that's for the better.
Doug, you're being too kind. Those two homeowners are creeps, too.
First, getting mugged is horrible. But from what I read people mainly reacted to the reporting incident due to what many saw as a gross over-reaction by Doug and his wife to the incident.
I grew up in NYC and lived in the Midwest and I actually had to call the cops more times there than in NYC.
Sorry, but don't generalize so much based on personal experience. It clearly taints your view.
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