November 19th, 2008
Miranda Marquit over at Yielding Wealth got me to thinking, with her article about pulling her money out of Citibank. Have you looked at your business credit card lately? I did, and received a rude surprise. When did my interest rate get up to 28.9% ?
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Just in time for Thanksgiving, I’m […]
By Jean -- 1 comment
November 18th, 2008
Pfizer, maker of Lipitor, the world’s most prescribed drug, says Lipitor sales are down 13%. Tough. Baby Boomers and others are taking a hard look at drugs they take and asking if there are more natural alternatives.
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Part of Pfizer’s problem was an ad campaign featuring noted heart specialist Robert Jarvik (maker […]
By Jean -- 0 comments
November 17th, 2008
In response to my post last week about “Should you start a business after retirement?“ Charlie from Circledog commented, “You may have no choice.” He’s right.
No Retirement Income. Most of us (with a few exceptions like my husband) will have no guaranteed retirement income. Annuity pensions have gone the way of the carrier pigeon (long […]
By Jean -- 3 comments
November 12th, 2008
In the midst of all these bailouts - investment banks, insurance companies, and possibly automakers - I ran across this quote from Lee Iacocca:
There ain’t no free lunches in this country. And don’t go spending your whole life commiserating that you got raw deals. You’ve got to say, ‘I think that if I keep working […]
By Jean -- 3 comments
November 12th, 2008
Now that I have heard over and over how we Baby Boomers caused the financial collapse by our profligate spending and our financial irresponsibility, maybe we should just take over and fix the whole mess.
Miranda Marquit (from Yielding Wealth) and other “ordinary” Americans were asked their opinions on how to fix the economy. Miranda has […]
By Jean -- 0 comments
November 5th, 2008
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While the rest of the world was watching election returns, an interesting case came before the U.S. Supreme Court. The Supreme Court yesterday heard testimony in a case that could have an impact on our viewing habits. While we can watch movies on cable that include many expletives and adult language, […]
By Jean -- 2 comments
November 2nd, 2008
We are not in a recession. For proof, I offer Exhibit A:
I was in a “big box” national pet store on Friday (Halloween) to get my cat groomed. I couldn’t believe how many people were there buying Halloween costumes for their pets. If people still have enough discretionary income to buy this stuff, we aren’t […]
By Jean -- 1 comment
October 31st, 2008
When I was a kid, one of the most fun things in the world was getting dressed up and going trick-or-treating like the kids in this 1952 photo. And, of course, there was the Halloween party at school, where we paraded around and got to see the costumes of the other kids, and, of course, […]
By Jean -- 0 comments
October 16th, 2008
I read today about a small business owner in Texas who had been a good customer at a bank, and who wanted a loan to expand his business. Yet the bank wanted him to have $1 million in the bank in order to borrow an additional $1/2 million (doesn’t make sense, does it?). […]
By Jean -- 1 comment
October 10th, 2008
Anyone want to disagree?
Tags: baby boomers, financial crisis, financial meltdown, great depression
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