Word: recessional
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The political back-and-forth on the stimulus bill is the ultimate in bunk, though, because it ignores most of the fiscal stimulus provided by Washington so far. Anytime the Federal Government spends more than it takes in, it creates fiscal stimulus. That stimulus (deficit) was $1.4 trillion for the...
The recession has hit us in the hollywood hills very hard. Several times I've seen people walking not only their own dogs but also their own children. Though it has not yet come to that for me, I figured I should at least learn how to cut back my...
So I decided that for one week I would buy only stuff that was on sale. My first mistake was getting my lovely wife Cassandra to join me. The speed with which she both agreed and went to her computer should have clued me in to the fact that while...
When I reported my failure to Lauren Weber, author of In Cheap We Trust, she told me my whole plan was faulty. "Stay away from Ikea, stay away from the mall, stay away from Costco," she said. "How often do you walk in and walk out with 50 pounds of...
During the postwar boom, pay for U.S. CEOs remained fairly steady in real dollars until the 1970s. But under new tax policies, the 1980s saw the rise of stock options. Intended to tie executive pay to performance, they offered the potential for huge riches with little downside, encouraging risk-taking...