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...ones who were in attendance are not supporting Sarah Palin’s bid for vice president. “Somebody back home said a good metaphor for her as a leader is like a surfer waiting for the waves to come and just choosing one to ride in,” said Alaska Klub Co-President Timothy L.H. Treuer ’10, who said he is going to vote for Law School graduate Barack Obama. “She doesn’t have a comprehensive political outlook and just picks and chooses what’s most...
Somewhere along the way, THRIFT did not just stop being a value; it became a folly. Saving was for suckers; you'd miss the ride, die leaving money on the table when you could have lived it up. There are no pockets in a shroud, as the saying goes. We once saved about 15% of our income. By the roaring '80s the rate was 4%; now we're in negative numbers. Bob Hope liked to joke that "a bank is a place that will lend you money if you can prove that you don't need it." But that...
...then headed to the new, very expensive restaurant Philippe Chow, where Flo was taking about 20 people out to dinner. On the ride over, as he showed me his $40,000 diamond-encrusted watch, I asked Flo, whose success is pretty recent and fragile, if spending all this money was such a good idea. He told me that rapper Rick Ross told him that you have to spend money with the confidence of someone who knows he's going to make a lot more. I informed him that Rick Ross is not a certified financial adviser. "He's certified...
...Hold More Cash This crazy ride may not be over. So the more cash you have in short-term securities like bank CDs, interest-bearing checking accounts, money-market mutual funds and Treasury bills, the better shape you'll be in to ride out a market slump and invest again when the economy stabilizes. Typically, a decent cash cushion is three to six months' worth of living expenses if you are working and 12 months' worth or more if you are retired. Double the cushion if you can. "Believe me," says William Jordan, president of the Sentinel Group, financial planners...
...crisis, as Wall Street crumbles and our friends grasp frantically at disappearing internships, we can’t wipe the grin off our faces. Now those perky i-bankers with their interview jackets and heels will have to live like we always knew we would. We’ll ride the bus together to our low-paying jobs and swap budget-saving coupons. That will teach them to put money before passion...