Recently in business Category

Twitter is struggling a bit finding a profitable business model while its growth continues to explode.

Here's another gem from our buddy Christopher D. Reilly - the blog 30 bucks a week is dedicated to documentation of spending $30 a week on groceries for two people living in Brooklyn, NY (yes, $15 each). There are some pretty cool ideas on home cooked vegetarian meals that are cheap, easy and most importantly, tasty!

A $37.50 cafe latte.

Bank overdraft plans: nefarious and a bit sleezy?

0 > 500K

Would a banking CEO prefer working for free over getting paid $500K?

Predictably irrational takes a look at both as only he can.

The economic crisis of 1907.

The night in Morgan's study also says some unkind things about the democratic process -- which, despite its reputation, often gets mired in a crisis. Rule by plutocrats arrives with certain risks. But absent from them is the risk of things not getting done.

NY Times columnist Paul Krugman lays out the right plan for solving two immense problems at once:
1. Economic depression
2. Environmental ruination

Let's today step out of the normal boundaries of analysis of our economic crisis and ask a radical question: What if the crisis of 2008 represents something much more fundamental than a deep recession? What if it's telling us that the whole growth model we created over the last 50 years is simply unsustainable economically and ecologically and that 2008 was when we hit the wall -- when Mother Nature and the market both said: "No more."

He says - surprise, surprise - that Americans need to "greenify" (my word) the marketplace. Or else.

"Just as a few lonely economists warned us we were living beyond our financial means and overdrawing our financial assets, scientists are warning us that we're living beyond our ecological means and overdrawing our natural assets," argues Glenn Prickett, senior vice president at Conservation International. But, he cautioned, as environmentalists have pointed out: "Mother Nature doesn't do bailouts."

This well-written New York Magazine article on Bernie Madoff and Ezra Merkin, his (maybe) unwitting accomplice, is a great illustration of two things:

1. Bernie Madoff was a crucial player in creating a fair and equitable Wall Street.

2. What happened after that was neither fair nor equitable.