From the category archives:

Economics

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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