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Has the 2009 Recession made you wiser? Tell us your Economic Resolution for 2010!
I hope that President Obama will get the ball rolling on the development of the new technologies that will power the green economy. The US is rapidly slipping behind other countries in the manufacture and use of solar and wind devices. There are surely many good manufacturing jobs to be created in this vital area. The defense department should not be the only source of jobs in this country.
I mad 2 mill on a trust, and the celtics,
I resolved to be a better tipper.
My economic resolution is to invest in myself. And by that I mean I managed to save about 10k in 2008 (roughly 25% of my income after taxes), yet the majority of it evaporated in the stock market.
I'm not talking about buying superficial things either. I don't need a large television or an iPhone. I want to buy things that will improve the quality of my life such as a nice warm winter coat, a new bed, and perhaps spend some money on traveling and hobby classes. Maybe even a good set of knives (I like cooking).
Most of all, I'll never invest money again unless I'm prepared to lose it. Funny, that's the same mantra I have before entering a casino...
When we bought a house and those mortgage brokers told us how large a mortgage they would give us we looked at them like they were nuts. Turns out they were....
I wonder if the airport garages are still full of abandoned luxury cars. A lot of ex-pats left these cars and then fled the country. Your guest didn't mention that it is a criminal offence to not pay your debts in Dubai.
As well as in Dubai, Amy's story occurs here in New York too. I was wooed to join Bloomberg News. It took over 7 months last year from the point I was offered the position to the formal final interview by the head of Bloomberg News that is required for every single Bloomberg News hire. Matt Winkler is busy but insists on a two-minute interview with every hire before the hire may begin work. Two months and five days after I was hired, I was laid off in Bloomberg's first layoffs ever. I too have enormous student loan debt, and I empathize with Amy.
The development in Dubai is a blight upon this earth. While Masdar is an amazing idea, its effort is cancelled out by the worthless, environmentally-painful properties built in the Palms and World projects. A good resolution would be campaigning for development to become one of the top 5 issues in everyone's minds and hearts in America and the world.
My economic forecast for 2010?
We will finally call a spade a spade and start calling this DEPRESSION 2.0
Why don't you ask her about the virtual slave labor that is building this country; about the workers living conditions; about the debt rules, etc. This country is not a haven it is an embarrassment.
While we always welcome your comments on the show, we hope you will post your Uncommon Economic Resolutions for 2010 on the website dedicated to our project. You can find the page, and the easy form, if you follow the link above.
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Brian Lehrer leads the conversation about what matters most now in local and national politics, our own communities and our lives.
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