Saturday, February 21, 2009
Past, present and future...
When I moved back to Massachusetts in 2003, I remember being blown away at the cost of housing and perplexed at how a house that was worth $150,000 in 2000, was now worth $300,000, only three years later. I'm no Greenspan or Ben Bernanke, but I know the basics of economics and something didn't jive. How can the cost of housing double, while wages stay the same? Somehow (post 9-11) the price of housing skyrocketed and it didn't seem to raise any eyebrows.
The economy is center stage with bailouts, bankruptcies, corporate and political crooks running a muck in America. I've been intrigued with this whole mess, since it's inception; the banking crisis last year. I've had some good dialogue about the situation with people from all different walks of life and financial standings.
Regarding the bailout: I'm struggling to find work and the economy has hurt me. In jest, I say, where's my piece of the bailout? In all honesty, why and how does the government decide who gets bailed out?
I was reading up about what corporations are doing to keep afloat and I came upon a company called Koch Industries, a conglomerate based in Wichita, Kansas. I had never heard of Koch Industries, but I was amazed to learn that Koch is the 2nd largest private company in America (behind Cargill) with $100 billion in revenue. Koch is headed up by some of the smartest executives in the world, and reading CEO Charles Koch's perspective on the government intervention was very insightful: learning from past mistakes so we don't relive history.
Posted by markmcc at 6:02 PM 3 comments:
Friday, February 13, 2009
The crash of two satellites recently, it makes me think of the old Atari game, Asteroids.
They're going to have to start arming the satellites these days, too much space junk to ignore.
Posted by markmcc at 2:28 PM 1 comment:
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