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The Failure of a “Government Enterprise”. A periodic series on governments trying to run businesses

Generations of Transit Disaster—the New York City Subways. Part V, Government Subways Start to Collapse. The private management companies, which had built the first lines and earned the admiration of many in their first decades, were gone in the post World War II era. The Goos-Goos, who always wanted perpetual government control, had won. However,…

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Data Breach and Identity Theft Become Rampant: What are you doing to protect yourself? Don’t count on card companies or big retailers

Your credit card records, possibly even your identity, are under attack. And the number of attacks is rising. “We’re now getting close to 1 billion records of identity theft – more than three times our entire population in the United States,” says security expert Gary Miliefsky, executive producer of Cyber Defense Magazine. All of this…

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I Can’t Get the Financial Advice I Need: The Advisor Industry’s Perpetual Problem

Millions of Americans need retirement advice. The ones who already have considerable assets, and are heading for a secure retirement, can usually find and pay for it. However, those just starting out, with little or no assets, the ones who desperately need to get started now, often can’t find help. It is a paradox as…

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The Failures of a “Government Enterprise” A periodic series on government trying to run businesses, Part 4

The private management companies are gone and the government controls all subway lines. The system fails post 1940 The promise of labor peace in the New York City subways along with efficiently run lines that would make money once the private management companies were gone was a mirage. Labor peace was based on the idea…

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Flirting with Credit Card Disaster—-Again

It was said of the Bourbon kings that they “learned nothing and forgot nothing.” Millions of Americans, who lived through the horrors of the market meltdown of 2008 that was accompanied by a spike in credit card defaults, apparently have learned nothing. That’s because many of them are running up huge credit card debts, That’s…

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The Failures of a “Government Enterprise” A periodic series on government trying to run businesses at GregoryBresiger.com

The Anniversary No One Celebrates in New York: Generations of Transit Disaster—-the New York City Subways, Part 3. The End of Private Management Companies Decades of price controls combined with the Great Depression were hard on the New York City subway system as we have seen in the first two segments of this series. And,…

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