May 2009
8 posts
Women are in a happiness decline
Via Greg Mankiw:
“According to new research from Justin Wolfers and Betsey Stevenson:
The Paradox of Declining Female Happiness By many objective measures the lives of women in the United States have improved over the past 35 years, yet we show that measures of subjective well-being indicate that women’s happiness has declined both absolutely and relative to men. The paradox of...
Pay off your credit card on time? Now you will be...
Below is an exert from NY Times (via Carpe Diem). Credit card companies make most of their revenues from charging late accounts, but now congress is stepping in to limit the amount of fees they can charge. Uh-oh. Now credit card companies will need to make up for this slack (They can’t make less money. How will they support their affluent life styles?). How will they do that? Read...
The rich don't like taxes.
Via Carpe Diem
“Here’s the problem for states that want to pry more money out of the wallets of rich people. It never works because people, investment capital and businesses are mobile: They can leave tax-unfriendly states and move to tax-friendly states.
Updating some research from Richard Vedder of Ohio University, we found that from 1998 to 2007, more than 1,100 people every day...
Norway - 1. U.S.A - 0.
Norway is doing something right. With the largest recession since the Great Depression, Norway’s economy expanded by almost 3% last year and its government currently has a surplus of 11% of GDP and is debt free. Wow! The U.S. on the other hand aren’t so impressive. The U.S. government will be racking up a deficit of 12.9% of GDP this year and it will grow its debts to $11...
Amazing. →
This is outside the realm of my usual postings but this is truly amazing and sounds so beautiful. Enjoy. (Click the title to go to the link!).
P.S. I am thinking of sharing some of my music via BusinessMinded.ca now. I want to make this site a little more personal.
Diamonds are Forever
With the global economic slump, demand for diamonds is down which should mean falling prices but not if you cut supply too. If you can believe it, Russia has surpassed De Beers as the largest diamond producer and with that has gained an ability to control prices through its significant control of the world supply of diamonds. With demand down, the Russian diamond company Alorsa has cut its...
Competition to the Toronto Maple Leafs?
Could there be another NHL team coming to Southern Ontario?
Jim Balsillie, CEO of Research in Motion (maker of Black Berry), sure hopes so. Balsillie has made his third attempt to get an NHL team into Southern Ontario.
In the past he had made offers to both the Pittsburgh Penguins and the Nashville Predators, but both were rejected. Now Basillie has made the “third time is a...