NY Nerd » Business

How to end the Great Recession

nynerd — Sun, 05 Sep 2010 11:03:07 +0000

This is a fantastic article in the NYTimes about why we haven’t seen any improvement in the economy since it went down the tubes in 2008. The writer, Robert Reich, notes that we’ve used every economic booster known to man, including record low borrowing costs and still no improvement in jobs growth. His rational is that the middle class lost pace with their earnings 40 years ago and engaged several coping mechanisms to keep up, the last of which was borrowing against their homes to the tune of $2.3 trillion, and because the gov’t has taken the edge off of the bubble bursting with all of that stimulus money there was no political pressure to change the system as there was during the Great Depression. So what we’re left with is the Great Jobs Recession, with no end in site. This is a must read: check it out.

Corporation Family – Comic

nynerd — Fri, 25 Jun 2010 05:04:40 +0000

Deepwater Horizon Burning And Sinking

nynerd — Fri, 07 May 2010 03:20:35 +0000

This calamity was a real wake up call to the world. When there is some sort of disaster regarding oil on the supply side prices always spike, it’s only logical since we’re told we live in a world where the supply/demand curve governs oil prices. But that didn’t happen this time. We have seen a 10% decrease in the price of oil since Monday. Quite the opposite indeed. This event changed the world for the better, and provided the impetus the world needs to get off oil. You can tell me you think oil dropped because the Euro can’t support it with their debt crisis and all, but I’m hoping you’re wrong.

Here are photographs of the Deepwater Horizon Oil Rig burning and sinking: have a look.

Wall Street Bailout Con Job

nynerd — Fri, 19 Feb 2010 22:15:12 +0000

Matt Taibbi has a new blistering attack on Wall Street published in Rolling Stone, this is a must read. Check it out

Bush Vs Obama Job Loss Chart

nynerd — Sat, 06 Feb 2010 05:59:43 +0000

Spray On Glass Could Revolutionize Everyting

nynerd — Wed, 03 Feb 2010 04:46:57 +0000

Spray on glass could revolutionize everything. It’s regular glass that is sprayed on to coat any surface in an extremely thin layer only nanometers deep, or 30-40 molecules. Which is sufficient to provide water resistance & breathability, among other qualities … Continue reading →

Our Banking Paradox

nynerd — Tue, 12 Jan 2010 01:54:16 +0000

Very interesting article, sums up the current position of the US Banking Industry. Banks seem to be in a lose lose position. Check it out: http://blogs.reuters.com/rolfe-winkler/2010/01/11/yield-curve-cant-drive-profits-if-banks-wont-lend/

How Business Works

nynerd — Fri, 18 Dec 2009 21:42:39 +0000

2BG2FAIL – Morgan Stanley Vanity Plate

nynerd — Sun, 06 Dec 2009 12:13:42 +0000

The plate belongs to Morgan Stanley Vice-Chairman Rob Kindler. What is wrong with these people?

The Best Business Card In Existence

nynerd — Mon, 19 Oct 2009 00:54:52 +0000