Posted by
Doug Wolkon on December 23, 2007 at 1:49 am
These so-called “wealthiest” 5%, that burn so much carbon, also have 1.) The most polluted waters, so we are forced to import day old “fresh” fish from the “poorest” countries to avoid m-e-r-c-u-r-y in our local fish, 2.) Acid rain, yes our rain actually burns through car paint, and 3.) Toxic air, asthma is an epidemic among children in America. Further, more and more of the food eaten by the “wealthiest” is packaged and not nearly as fresh as so much of the food in so many of the “poorest” societies. Continued »
Posted by
Doug Wolkon on December 20, 2007 at 8:36 pm
With Sallie Mae in trouble, does that mean that less student loans at low interest rates may be available in the future? After all, they are the largest student lenders with $127 billion of debt outstanding (according to Wiki). Or can we expect the Wizard of Oz to step in and fix the lending rate since the loans are “federally guaranteed”. Continued »
Posted by
Doug Wolkon on December 10, 2007 at 8:15 pm
Although there may be many reasons, there is no purely rational reason for ever taking out insurance. In other words, taking out insurance is a fear-based, irrational decision. Essentially, you are betting against yourself. That is how the insurance companies make money, they make you bet against yourself and they take the other side. Statistically, they make sure the odds are at least 51% - 49% in their favor. They are playing off your fear and statistically, they win you lose, the majority of the time. Continued »
