That was one of the themes of Ben Bernanke’s speech to the American Economic Association yesterday. And this is the nifty chart he used to make his case:
Weekday video: You’ll never find a surer friend than Gazprom
Lucy Kellaway mentioned this Gazprom corporate anthem in her FT column today. So I checked it out, and determined that it must be shared:
[youtube=http://www.youtube.com/watch?v=xGbI87tyr_4]
21 Days
During a three-week “financial fast,” you’re supposed to go cold turkey on all nonessential purchases. And for a lot of people, most purchases are nonessential purchases.
How to catch terrorists (and lots and lots of non-terrorists)
A passage from chapter 36 of Sam Savage’s excellent book The Flaw of Averages:
So how many true terrorists do you think are currently in the United States? … I have no idea myself, but for the sake of argument, suppose there are 3,000. That is, in the total U.S. population of 300 million, one person in 100,000 is the real deal.
Now
…
Guess Who’s Cheap? People Who Know Lots About Money
Chances are, if you’ve spent your life studying how money and economics work, or if you’ve been fairly successful at actually making money and compiling it in a bank account, you’re a cheapskate when it comes to food, wine, cars, homes, clothes, and nearly everything else.