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What's the longest time you've served in jail? Four months was the longest. [Police] tend to look at my record and realize that nothing they do is going to stop me from continuing in this recidivist pattern. Every time I go to court, you always see their eyes kind of light up when they look at my arrest sheet, which goes all the way back...
...also fervently believes in investment cycles as a natural outcome of human behavior. The commodities boom is one such cycle, he says, and it won't last forever. "These commodity bull markets tend to last 18 to 20 years. The current one started 11 years ago," he says. No one knows when a cycle will end, Rogers says, but it's clear from his ebullient tone that he believes the best part of the ride is still ahead. That especially holds true for certain commodities that have not yet had their big run. "I like gold [partly as an inflation...
...read for pleasure across genres? Is there a type of book you tend toward in a bookstore? I try to range freely around the bookstore. I have a fantasy of opening a bookstore, and if I ever do that, it's not going to have sections or categories. I think we should encourage people to get out of their weird little categories. Instead of saying, "I only read business books" or "I only read romance" or whatever it is that people think they read, it would be nice if everybody would graze more widely...
...solution: a new type of insurance. Retirement savings, it turns out, are exactly the type of asset we need insurance for. We need insurance to protect against risks we can't predict (when the market collapses) and can't afford to recover from on our own. "People tend to meld savings and insurance in their mind, but they are not substitutes," says Nancy Altman, a former Harvard professor and the author of The Battle for Social Security. "It's fine to have a savings plan as a supplement but not as the main retirement protection for everyone." She says...
...blog is much more accessible than most economists who write. A lot of bloggers tend to be pretty extreme, at least the one’s I’ve read. [But Mankiw] likes to balance both sides of the issue a lot,” said Stucki, who decided to major in Economics partly due to Mankiw’s influence...