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Which brings me to my next question, about the man who inspired you to write this book. You refer to his as "Mr. Disposable Income." After researching this book, did your perception of him change? I couldn't fathom why someone would pay that much money for a single bottle. It was akin to buying a rare Picasso, and then taking out of its frame and putting it on your college dorm wall. What I found out later is the gentleman was celebrating, he had just made a lot of money on stocks. And I thought that was great because...
John Hancock: Why did everyone write so small? Now I look like a jerk...
What's going on here? Economists say that even in this downturn, financial services has proven to be more recession-proof than other lines of work. Consumers can put off buying a new car or going on vacation. But most people will still continue to pay their mortgage, write checks and deposit money at the bank. "The fact that the financial-services industry is declining this much is startling," says Joel Prakken of research firm Macroeconomic Advisers, which puts together ADP's employment report...
...ongoing debate in Washington over health-care reform. "These data raise a red flag about the prospects of opening up vast new markets for private insurers at public expense, as has happened in our state of Massachusetts, an oft-cited model for national health reform," the researchers write in their NEJM letter...
There seems to be this idea that during difficult economic times like this one, people are more inclined to be kind to one another. What's your take on that notion? When Adam and I set out to write the book, of course, we had absolutely no idea that we were going to be publishing it in the middle of a global financial meltdown. Pushing the book out into the current situation has been fascinating because there's clearly a great deal of moral questioning going on and a lot of anxiety about the mentalities that have been encouraged over...