LONDON, ENGLAND - SEPTEMBER 24:  Two employees of Christie's auction house manoeuvre the Lehman Brothers corporate logo, which is estimated to sell for 3000 GBP and is featured in the sale of art owned by the collapsed investment bank Lehman Brothers on September 24, 2010 in London, England. The "Lehman Brothers: Artwork and Ephemera" sale will take place on September 29, 2010, on the second anniversary of the firm's bankruptcy, and comprises of artworks which hung on the walls of Lehman Brothers' offices in Europe.  (Photo by Oli Scarff/Getty Images)
2016 Could Be a Very Bad Year

Reading Time: 6 minutesPeople act according to what they expect. And that, my friends, could be very bad news for the economy in 2016. Social psychologists and usability experts both know that people’s words often conflict with their actions. This is especially true when asking people to predict their own behavior in a hypothetical. For example, one study …

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Conscious Capitalism:The One Book Every Conservative Must Read

Reading Time: 4 minutesThe motivating force behind the first tea party protests of February 27, 2009, was , in part, crony capitalism. Across the country and on the steps of the Arch in St. Louis, signs and speakers denounced bailouts for failed businesses. Rasmussen found that 68 percent of Americans believe Big Business and Big Government work together …

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The Bain of Newt’s Existence

Reading Time: 3 minutesTruth is, not all companies, not all business ideas, can make it on their own.  It’s easy to say that a good idea will automatically lead to a successful business. But it’s a lie. Apple did not become Apple without investors.  Sure, there are some examples of businesses that flourished without financial help.  But not …

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UMSL Killing American Males

Reading Time: 2 minutesDavid Brooks—the former conservative—skewered the University of Missouri St. Louis yesterday.  Brooks wasn’t aware, and UMSL administrators don’t read. But some of us caught it. Brooks wrote of The Missing Fifth. Did you know that 20 percent of American men in their primes don’t work? Americans should be especially alert to signs that the country …

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Generation Conflicted

Reading Time: 1 minutesIn the tech world, I meet a lot of brilliant, ambitious, hardworking entrepreneurs. These folks are committed to their dreams, working 100+ hour weeks, and paying themselves as little as possible. They stretch investors’ dollars to the limit and hunt for more VC to make dreams come true. They want to create jobs and better …

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8,000 Dow? *UPDATE*

Reading Time: 2 minutesSo says Yale economist Nouriel Roubini in an interview today on CNBC. “There are some parts of the global economy that are now at the risk of a double-dip recession,” said Roubini, head of Roubini Global Economics. “From here on I see things getting worse.” Roubini’s comments came in response to a 376 point drop …

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Edward Whitacre Jr. Lies **Update: NYT Agrees**

Reading Time: 1 minutesNo, General Motors did not pay back its debt to taxpayers. Edward Whitacre is a liar. Instead, Whitacre paid the Visa bill with his MasterCard.  But both cards were issued by the same bank.  So you, the banker, are still on the hook for the full amount. Now we know why Obama hand-picked Ed Whitacre …

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If The Post Office Built Cars

Reading Time: 3 minutesSome good people work at the Post Orifice.  I know several.  One of my dad’s best friends and WWII paratrooper retired from the Post Orifice.  He was a great guy and good friend to my parents.  On the other hand, the United States Postal Service is among the incompetent, bureaucratic, broken down, 19th century, poorly …

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