Economics

Worthless Careers

by 53X11 on November 17, 2011

Bnet has a very interesting story about 10 careers which pay well, but which do NOT benefit society. I agree with most of them, with cavets like the author includes – Chriropractors do give some benefit, some self help books are ok, some health experts can help you, etc. I have a dream that someday [...]

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Solar Light Bulbs and Global Aid

by 53X11 on November 15, 2011

Several months ago I found a interesting story at CNN.com about how an American inventor of solor powered bulbs was attempting to both help build third world economies, via building village based businesses, and also change how social aid is handled / viewed world wide. Full post here. The two most interesting quotes in this [...]

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Dropouts are running the place

by 53X11 on October 24, 2011

The New York Times has a interesting piece up today (link here) about how some college dropouts go on to make millions and billons (at times). One of the most interesting points the story makes is that the often quoted about 80% of the jobs created are in small business, actually the vast majority of [...]

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Super Hybrid

by 53X11 on April 14, 2011

Porsche has a new hybird sports car, the Spyder 918, coming out (story here) . The car gets 78mpg and cost $845,000. Even with gas at $4 a gallon that is a a long payback over cars like Prius’s, Leaf’s, Volt’s, and heck even a Hummer H2 may never cost you $800,000 (assuming you pay [...]

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Social Security vs. Bernie Madoff

by 53X11 on March 18, 2010

Someone sent this to me and I wanted to share it. Very insightful and very true. Why did Bernie Madoff go to prison? To make it simple, he talked people into investing with him. Trouble was, he didn’t invest their money. As time rolled on, he simply took the money from the new investors to [...]

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The name says it all – SAAB

by 53X11 on December 18, 2009

A friend of mine in the car parts business years ago told me never buy a car named after what you do once your buy it – i.e. SAAB. Today the news broke that GM’s deal to sell SAAB to Spyker feel through and the Swedish automaker will close. (Full story here). Personally I have [...]

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Users <> CNN @ $1.99

by 53X11 on September 30, 2009

CNN is rolling out a new Iphone app for $1.99. That is a fair price, but if their competition Fox, MSNBC, NBC, CBS, etc do not charge for their apps then I am not sure that they will get as many downloads as they expect – even at $1.99. It may be a new revenue [...]

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