All Posts Tagged With: "credit"
Economic Illiteracy
Illiteracy. Generally we think of this word in terms of simple reading and writing. Some have changed the phraseology to ‘functional illiteracy.’ I suppose this means that a person knows the alphabet, can discern some words, and can perhaps sign their name. People are ‘functionally illiterate’ when their comprehension of reading impairs their ability to function in a complex society. If we apply this axiom to our economy, we might easily conclude that most of us are economically functionally illiterate.
27Jan2009 | Ohg Rea Tone | 1 comment | Continued
Bailouts for white, not blue collars?
by Frank James Have the federal bailouts been biased towards white-collar and against blue-collar workers? That question was starkly raised by Rep. Barney Frank, chair of the House Financial Services Committee, which yesterday heard the chief executives of the Big Three automakers beseech Congress for $25 billion in taxpayer-funded loans. Frank, the committee’s chair, said: […]
20Nov2008 | Ohg Rea Tone | Comments Off on Bailouts for white, not blue collars? | Continued
Keeping up with the Jones’
Economists tell us we need credit to make the world go round. Rarely is anything bought with cash anymore. Unsecured credit is available everywhere you look. We all want the next big thing before our neighbors. So do we become our surroundings? Most of us have been there or are close to someone who has. […]
11Nov2008 | Cole James | Comments Off on Keeping up with the Jones’ | Continued
Debt, Spending, and Social Justice
We admire the determination of people who do not have debt. The Congress and Administration should be so wise. As a young parent we ventured into the world of credit cards. The result was that our children lived in virtual poverty. We had a good job and made good money – but the debt […]
24Sep2008 | Ohg Rea Tone | 3 comments | Continued