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kkennedy : finance   64

Tim O'Reilly's argument against Reid Hoffman's "Blitzscaling" — Quartz
A strong case can be made that blitzscaling isn’t really a recipe for success but rather survivorship bias masquerading as a strategy.
business  entrepreneurship  finance  startup 
february 2019 by kkennedy
Gender pay inequality: Parents pay boys twice as much as girls
BusyKid launched in August of 2017 and has 27,000 downloads. It is available for iOS and Android users. Kids track their chores on the app.
society  finance 
july 2018 by kkennedy
Michelle Singletary - Revealing the Hidden Cost Of Credit Cards
FTA: ' Effectively, the most financially vulnerable consumers have subsidized the low interest rates and rewards programs that the more financially secure enjoy.

I know what some of you may be thinking: "Good for me; too bad for them. That's how capitalism works."

Right you are. That is how capitalism works. And at times it's a selfish system.

We live in a society where many people who do well can't sympathize with those who don't. We've created a culture in which people live by "I pulled myself up by my own bootstraps" or "I got mine; it's up to you to get yours." '
credit  politics  legal  finance  2008crash  capitalism  capitalism.abuses  greedisnotgood 
may 2009 by kkennedy
Credit Card Industry Aims to Profit From Sterling Payers
FTA: 'Banks are not required to publicly reveal how much money they make from penalty interest rates and fees, though government officials and industry consultants estimate they constitute a growing portion of revenue.'
credit  finance  legal 
may 2009 by kkennedy
The National Interest - The Last Temptation of Risk
FTA: 'The Great Credit Crisis has cast into doubt much of what we thought we knew about economics. ... The question is how we could have been so misguided. One interpretation, understandably popular given our current plight, is that the basic economic theory informing the actions of central bankers and regulators was fatally flawed. The only course left is to throw it out and start over. But another view, considerably closer to the truth, is that the problem lay not so much with the poverty of the underlying theory as with selective reading of it—a selective reading shaped by the social milieu.
economics  finance  corruption  risk 
may 2009 by kkennedy
Elizabeth Warren is frank and funny about the TARP trainwreck
Sad thing is, I agree with Stewart here...I'm getting the most cogent talk about the economy on the same network that shows "Mind of Mencia"...*sigh*
politics  economics  funny  finance  tarp  2008crash 
april 2009 by kkennedy
The Fair Elections Now Act - Common Cause
FTA: 'Under the Fair Elections Now Act, federal candidates would run for office without relying on large contributions, big money bundlers, or donations from lobbyists, and would be freed from the constant fundraising in order to focus on what people in their communities want.'
elections  government  finance  corruption 
april 2009 by kkennedy
The Big Takeover : Rolling Stone
Well done! This is the kind of article that I not only like to see, but I'd love BOTH sides to respond to, with meaningful analysis (including citations). FTA: 'The best way to understand the financial crisis is to understand the meltdown at AIG. AIG is what happens when short, bald managers of otherwise boring financial bureaucracies start seeing Brad Pitt in the mirror.'
politics  economics  corruption  economy  2008crash  bailout  culture  finance  government 
march 2009 by kkennedy
Wall Street on the Tundra | vanityfair.com
FTA: 'Iceland’s de facto bankruptcy—its currency (the krona) is kaput, its debt is 850 percent of G.D.P., its people are hoarding food and cash and blowing up their new Range Rovers for the insurance—resulted from a stunning collective madness.' -- I read 'Extraordinary Popular Delusions and the Madness of Crowds' after the dot-com bubble. Far MORE relevant today. This reads like a new chapter for it.
economics  history  2008crash  finance 
march 2009 by kkennedy
Unsupported and Untrue : CJR
WSJ lacks evidence to support a sweeping, front-page claim against mortgage borrowers
economics  finance  wsj  2008crash  housing 
february 2009 by kkennedy
The Federal Trade Commission's Information on Free Annual Credit Reports
Nice...dot.gov link to annualcreditreport.com, which makes doing the yearly check of the 3 credit reporting agencies very easy. Having the link/url makes it less likely you'll end up in the wrong place, and get charged for something that should be free (or worse, phished).
finance  credit 
february 2009 by kkennedy
Foreign Policy: The List: The Next Iceland
FP looks at five countries on the verge of following Iceland to economic ruin and political meltdown. (Great Britian, Latvia, Greece, Ukraine, Nicaragua)
bailout  economics  foreignpol  finance 
january 2009 by kkennedy
Keynes offers us the best way to think about the financial crisis
FTA: 'Keynes’s genius – a very English one – was to insist we should approach an economic system not as a morality play but as a technical challenge. He wished to preserve as much liberty as possible, while recognising that the minimum state was unacceptable to a democratic society with an urbanised economy. He wished to preserve a market economy, without believing that laisser faire makes everything for the best in the best of all possible worlds.'
economics  finance  economy  2008crash 
january 2009 by kkennedy
How to Repair a Broken Financial World
Op-ed on the 2008 crash (part 2 of 2). FTA: 'Rather than tackle the source of the problem, the people running the bailout desperately want to reinflate the credit bubble, prop up the stock market and head off a recession. Their efforts are clearly failing: 2008 was a historically bad year for the stock market, and we’ll be in recession for some time to come. Our leaders have framed the problem as a “crisis of confidence” but what they actually seem to mean is “please pay no attention to the problems we are failing to address."'
economics  finance  economy  2008crash  nyt 
january 2009 by kkennedy
The End of the Financial World as We Know It
Outstanding NYT op-ed. (part 1 of 2) FTA: "Greed” doesn’t cut it as a satisfying explanation for the current financial crisis. Greed was necessary but insufficient; in any case, we are as likely to eliminate greed from our national character as we are lust and envy. The fixable problem isn’t the greed of the few but the misaligned interests of the many."
economics  finance  economy  2008crash  nyt 
january 2009 by kkennedy
Progressives were right about the financial crisis
FTA: "In the slow-motion train wreck that became the current economic meltdown, our bipartisan political establishment and the sycophantic punditburo have been wrong over and over and over again." -- The progressive pundits weren't perfect...but the bare facts are that they were FAR more prescient than the Administration or Congress.
salon  finance  2008crash 
december 2008 by kkennedy
Questions Are Raised in Trader’s Massive Fraud
A $50 billion Ponzi scheme by Bernard Madoff...wow. I hope no one I know is caught in this. And the duration of the fraud appears to have been helped by a notable lack of transparency, based on how he structured his firm. Fancy that.
finance  corruption  nyt 
december 2008 by kkennedy
The Reckoning - Citigroup Saw No Red Flags Even as It Made Bolder Bets
This whole situation is really disgusting. These guys were basically gamblers; happy to take the credit and reward when they got lucky, and demanding a "too big to fail" bailout when they blew it. There's nothing there that deserves pity, admiration, or sympathy.
finance  2008crash  bailout  nyt 
november 2008 by kkennedy
The Evolution of an Investor
FTA: 'Blaine Lourd got rich picking stocks. But then he realized that everything he thought he knew about the markets was wrong. And he's not alone.' (note: Dec. 2007 issue!)
economics  investing  finance 
november 2008 by kkennedy
NPR: Planet Money
From Alex Blumberg and Adam Davidson (the guys who did the This American Life episode: 'The Giant Pool of Money' ). Subscribed.
blog  politics  economics  finance  npr  podcast 
november 2008 by kkennedy
The Crisis & What to Do About It - George Soros
FTA:'The salient feature of the current financial crisis is that it was not caused by some external shock like OPEC raising the price of oil or a particular country or financial institution defaulting. The crisis was generated by the financial system itself. This fact—that the defect was inherent in the system —contradicts the prevailing theory, which holds that financial markets tend toward equilibrium and that deviations from the equilibrium either occur in a random manner or are caused by some sudden external event to which markets have difficulty adjusting. The severity and amplitude of the crisis provides convincing evidence that there is something fundamentally wrong with this prevailing theory and with the approach to market regulation that has gone with it.'
economics  corruption  risk  finance  economy 
november 2008 by kkennedy

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