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We shouldn't try a trickle-down approach to "saving" the auto industry and especially the auto finance companies; instead, if aid is needed at all, it should be shoveled in at the bottom of the economy from which it is sure to gush up (see a sample plan below).
The New York Times More...
Many of you are leaving this blog by clicking a link to either the online petition which urges the FCC to free the TV white spaces for open unlicensed use or by going directly to the More...
Money doesn't count unless it's in motion; that's why governments not only can but also feel that they must create great supplies of the stuff in these deflationary times. The good news is that all this new money isn't inflationary (at the moment); the bad news is that this new money so far isn't More...
Cash is king. VCs like Fred Wilson are advising their portfolio companies to be in cash-preservation mode for the very good reason that more cash will be hard to come by and, if obtainable at all, may come with More...
There's an excellent article in this morning's New York Times which begins:
"The financial crisis is forcing regulators to encourage the creation of bigger More...
The only serious drag on an otherwise great vacation is the ten pound bag with computer, batteries, adapter etc. that I'm lugging around on my back. The other day we walked the literal length and breadth of Venice with it. There is no straight footpath through Venice; it's a long way to anywhere More...
Before finding any Internet access – and so before we had any news in English – we found an ATM. Tried Mary's card and it failed authorization; tried mine – Oh oh: same problem.
Our first thought was that the world financial system had simply disconnected at the retail level! Maybe I sho More...