How Stimulating: Jobs created by the stimulus bill. Not as many as might be hoped, but it’s a start.
Exactly where are the government economists shopping?: No Cost of Living Adjustment for those on Social Security. Just because you’ve seen prices of bread, eggs, and fuel rising must surely be a statistical anomaly! What did they do to get these figures? Make sure that Vegas and Detroit housing prices were put in the basket?
About time somebody asked: A Federal Judge has officially asked how — exactly — gay marriage is any threat to those of us with heterosexual, traditional marriages in any way shape or form. The lawyer on the receiving end of this question had no good answer.
Bankerpalooza: Bank of America loses $2,200 Million in a single quarter, mostly on bad mortgages and credit cards. Banks and investment companies are robbing us blind, and their executives are taking home huge bonuses based on the money they take from us. Meanwhile, in the real economy, there is “no downside limit for the dollar.” Nuts.
How to read a corporate balance sheet: Start with the footnotes.
What a strange world we live in: Kiko’s House has a more complete rundown, but the week is well summarized by America’s distraction, the balloon boy who wasn’t.
Have a safe and sane weekend, folks.
CASH.
Using cash (not Debit cards or checks) is the best way to reduce the banks ‘drag’ on your wallet, and can reduce your tax liability (shhhhhh!)
This is why banks are pushing a cashless society. Cash reduces their control and advantage.