Category Archives: Personal Finance

Charge! : Are millions of Americans charging into financial disaster? Credit card levels approach recession numbers

“They learned nothing and they forgot nothing.” (What was often said of the Bourbon kings, some of the worst monarchs in European history). Millions of Americans are acting like Bourbon kings. They may have remembered the financial crisis of 2008—and the huge number of consumer defaults that followed it in the next year—but they apparently…

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Nelson Rockefeller’s Ghost Haunts Albany

When is a government’s debt not actually the government’s and the taxpayer’s debt? That is the issue here in New York State, which has some of the highest debt levels in the United States. It is also an issue in so many other places in the democratic world. In modern democracies it is often easy…

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One Party Government Runs Amuck in the Rancid Apple

My local city council member, obeying her party, joins the majority in showing her contempt for the average New York City taxpayer. Why do so few people vote? Why are some many people so cynical about career politicians and their often-self-serving ways? Indeed, why did a recent public opinion poll show the vast majority of…

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“What Do I Do? How Do I Start?” An open letter to millions of 20 somethings and those somewhat older who want to start investing

Sunday shopping at the local Trader Joe’s early in the morning—trying to beat the oncoming rush of humanity preparing for Superbowl parties—I heard it again as I have from so many young people. “I have some money. But how do I get started?” It was a young clerk in her 20s, with years of investing…

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The worker from hell who can make your life miserable

It doesn’t matter if you’re a boss, a worker or an owner, these people can ruin your workplace, life or company. They come into your business and some people immediately start planning to leave because of them. They can destroy your company as well as morale. Who are they? They are toxic workers and there…

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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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