Modernomics

June 13, 2009

Modernomics* [mod-ern-nom-iks] –noun A termed coined in 2008 by Erik T. Kaiser, regarding the modern economic climate. 1. (used with a singular verb) the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind in modern times. 2. (used with a plural verb) financial considerations in [...]

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Administration Won't Try To Directly Limit Exec Pay

June 13, 2009

Talking tough but stepping gently, the Obama administration rejected direct intervention in corporate pay decisions Wednesday even as officials argued that excessive compensation in the private sector contributed to the nation’s financial crisis. [Via NPR]

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Administration Won’t Try To Directly Limit Exec Pay

June 13, 2009

Talking tough but stepping gently, the Obama administration rejected direct intervention in corporate pay decisions Wednesday even as officials argued that excessive compensation in the private sector contributed to the nation’s financial crisis. [Via NPR]

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Business Weekly Roundup

June 13, 2009

Dow turns positive for ’09 – Wall Street ends a mixed week little changed, but investors manage to push the blue-chip average into the plus column for the year. [Via CNN Money] Europe Lags as U.S. Economy Shows Signs of Recovery — There was more evidence Thursday that the United States economy might be stabilizing, [...]

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Digital TV Switch May Leave Some In The Dark

June 12, 2009

The digital TV switch happens today, with more than 1 million Americans unprepared for the switch. “When you’re alone like me, that’s my partner,” Patricia Bruchalski, 82, said about her TV.” [Via NPR] I would also guess, that most of the households that are unprepared, are the ones that are the most disconnected–the poor, the [...]

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Ray Anderson on the business logic of sustainability

June 10, 2009

Ray Anderson on the business logic of sustainability At his carpet company, Ray Anderson has increased sales and doubled profits while turning the traditional “take / make / waste” industrial system on its head. In a gentle, understated way, he shares a powerful vision for sustainable commerce. Check out the TED Talk now. About Ray [...]

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Unsystematic Risk

June 10, 2009

“Proper diversification leads to the removal of unsystematic risk from a portfolio of securities. Only systematic (market) risk matters to a firm with a diversified portfolio.” Professor Steve Buell, Summer Lecture on Risk and Uncertainty Lehigh University

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The Economy Is Still at the Brink

June 10, 2009

“The Storm Is Not Over, Not By A Long Shot” An oped this week in The New York Times, talks about  the economic situation, and asks a couple of really intriguing questions. The writers, one a broker, the other a retired Wall Street banker, question the simplified PR campaign of the current Administration that hinges [...]

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Charitable Donations Fell by Nearly 6% in 2008, the Sharpest Drop in 53 Years

June 10, 2009

Donations to nearly every type of charity faltered in 2008, as contributions declined by 5.7 percent last year after adjustment for inflation, according to the new edition of Giving USA which was released Wednesday morning. It was the steepest decline in the history of the survey, which has been conducted since 1956. (You can ask [...]

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Smartphone Rises Fast From Gadget to Necessity

June 10, 2009

In today’s recession-racked economy, penny-pinching is a national pastime. But people are still opening their wallets for smartphones. Sales of BlackBerrys, iPhones and other smartphone models are rising smartly and are projected to increase 25 percent this year, according to Gartner, a research business. Widely anticipated new models like the Palm Pre, which went on [...]

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