allaboutgeorge + finance   27

A Simple Way to Become Wealthy - Yahoo! Finance
"When your paycheck comes in each month, you pay your bills, right?" I nodded. "So treat investing like a bill. If you want to max out your Roth IRA, divide the maximum contribution by 12 and send that amount to your investment account each month. If you want to make it easier, then go to the finance office and set up an automatic allotment from your paycheck and you'll never think about it again."
advice  finance  howto  investing  money  wealth  toread  business 
june 2010 by allaboutgeorge
How Paul Krugman found politics : The New Yorker
Krugman explained that he’d become an economist because of science fiction. When he was a boy, he’d read Isaac Asimov’s “Foundation” trilogy and become obsessed with the central character, Hari Seldon. Seldon was a “psychohistorian”—a scientist with such a precise understanding of the mechanics of society that he could predict the course of events thousands of years into the future and save mankind from centuries of barbarism. He couldn’t predict individual behavior—that was too hard—but it didn’t matter, because history was determined not by individuals but by laws and hidden forces. “If you read other genres of fiction, you can learn about the way people are and the way society is,” Krugman said to the audience, “but you don’t get very much thinking about why are things the way they are, or what might make them different. What would happen if ?”
economics  politics  newyorker  interview  economy  writing  finance  sciencefiction  history 
march 2010 by allaboutgeorge
America, the fragile empire - latimes.com
One day, a seemingly random piece of bad news -- perhaps a negative report by a rating agency -- will make the headlines during an otherwise quiet news cycle. Suddenly, it will be not just a few policy wonks who worry about the sustainability of U.S. fiscal policy but the public at large, not to mention investors abroad. It is this shift that is crucial: A complex adaptive system is in big trouble when its component parts lose faith in its viability.
finance  usa  empire  history  business  geography  politics  power 
march 2010 by allaboutgeorge
SFGate: The intentional renters: An Alameda couple reflects on the hidden costs of home ownership
"In stress and worry, in the recurring midnight terrors, in the job decisions I made to feed the beast, in the days of hopelessness and snapping at my family, in the shows not seen and trips not taken, in the humiliation of calling friends and family, begging to borrow money -- no. It most definitely wasn't worth it," he wrote. "Buying a house was perhaps the most damaging, stupidest thing I've ever done in my life. It was a lousy investment in every sense; that dream of 'owning a house!' turned into a decade-long nightmare."
realestate  business  finance  bayarea  alameda 
january 2010 by allaboutgeorge
What 2010 Will Be Like: Don't Bank On It (Essay by Chris Gardner, author of "The Pursuit of Happyness") - Speakeasy - WSJ
In case you missed it I’ll say it again in BIG BOLD LETTERS, CASH IS KING!

The only reason to go to a bank is to get a toaster! Do they still give those?

Happy New Year!
business  finance  money  jobs  work  economics  economy  happiness 
january 2010 by allaboutgeorge
Slate: If the economy's stagnant, why are stocks up? The answer is disturbing. - By Daniel Gross - Slate Magazine
The rising U.S. stock market and a weak, slow-growing U.S. consumer sector aren't really in contradiction. Given the large-scale trends transforming the global economy—and the role of large U.S. companies in it—it may be possible to have a sustainable rally in American stocks without a sustainable rally by American consumers.
social  investing  economics  stocks  finance  jobs  usa  china  russia  globalization 
november 2009 by allaboutgeorge
Poynter Online - NewsPay - Salon CEO Richard Gingras: 'It Was a Mistake to Think of Ourselves As a Magazine'
"It was a mistake to think of ourselves as a magazine," Gingras said in a phone interview. " 'Magazine' suggests a periodicity that to me does not relate to who Salon is in a news environment on the Web that is increasingly real-time."
media  journalism  online  internet  web  economics  magazines  finance  salon 
september 2009 by allaboutgeorge
BBC NEWS | Business | Africa's mobile banking revolution
While countries like Kenya, South Africa and much of North Africa are approaching 100% mobile penetration, in Burundi, the Central African Republic, Eritrea, and Rwanda it is less than 30%.

Low incomes, illiteracy and large signal black spots are all obstacles to the sale and use of mobile phones. Taxes, which can be as high as 30% in countries like Tanzania and Uganda, are also a disincentive.
business  internet  mobile  africa  finance  marketing 
august 2009 by allaboutgeorge
Mobile money to poor seen $5 billion market in 2012 | Reuters
The scope of mobile financial services in these markets has grown quickly from simple cash transfers by text message to payments for everything from a taxi ride to a utility bill.

There are about one billion people in emerging markets who have cellphones, but no bank accounts. CGAP expects that number to rise to 1.7 billion to 2012, with around one in five of them picking up mobile money -- and creating the $5 billion market.

Most optimistic researchers expect more than a billion people in emerging markets to start using mobile money within a few years, while some are more cautious than CGAP.
mobile  finance  bank  money  africa  technology  business  corporations 
june 2009 by allaboutgeorge
Brad DeLong's "Our future as a financial colony" - THE WEEK
It's not that proxy contests will be initiated in Mandarin (although youngsters in Britain and America may well find themselves being sent to finishing schools in Maharashtra to purge themselves of their hillbilly Oxford or Boston accents and acquire the high-class English tones of Mumbai). But corporate bankruptcy will become a branch—probably the major branch—of international intrigue as governments find themselves dealt in whether they like it or not. And for the rest of us, "working for the man" will take on a brand-new—and foreign—dimension.
china  india  brazil  usa  business  finance  language  corporations  uk  government 
may 2009 by allaboutgeorge
Consumers skip Starbucks for plain ol' joe - Crain's New York Business
Coffee drinkers who have scaled back the most since the beginning of the year, according to the online survey of 500 Americans conducted between Jan. 14 and 15, are consumers aged 45 to 54, with fully half (50.4%) saying they have "cut back a lot" on fancy or expensive takeout coffee. That was followed by consumers 35 to 44 (37.5%) and 25 to 34 (33.3%). As might be expected, those who had trimmed the expense the most were in the lower of the survey's income brackets (48.6% earned between $20,000 and $39,000, and 33.6% earned below $20,000; the latter presumably included college students, who are a sweet spot for Starbucks).
But salary didn't appear to be that big a factor among the 92% who said they are cutting back on back on expensive coffee to save money: The percentage was close to even across all income levels, including $75,000-plus.
coffee  drinking  economics  beverages  caffeine  work  finance  research 
january 2009 by allaboutgeorge
Beyoncé's new single spells economic doom | Music | guardian.co.uk
"[...] According to findings by Phil Maymin, professor of finance and risk engineering at New York University, the more regular the beat on Billboard's top singles, the more volatile the American markets. After studying decades of Billboard's Hot 100 hits, Maymin found that songs with low "beat variance" had an inverse correlation with market turbulence. Which is to say, the more regular the song, the crazier the stock market. [...]"
music  business  finance  stocks  research  economics 
january 2009 by allaboutgeorge
Paul Graham: Could VC be a Casualty of the Recession?
There is a founder community just as there's a VC community. They all know one another, and techniques spread rapidly between them. If one tries a new programming language or a new hosting provider and gets good results, 6 months later half of them are using it. And the same is true for funding. The current generation of founders want to raise money from VCs, and Sequoia specifically, because Larry and Sergey took money from VCs, and Sequoia specifically. Imagine what it would do to the VC business if the next hot company didn't take VC at all.

VCs think they're playing a zero sum game. In fact, it's not even that. If you lose a deal to Benchmark, you lose that deal, but VC as an industry still wins. If you lose a deal to None, all VCs lose.
business  money  finance  future  economy  economics  capitalism  entrepreneurs  technology 
december 2008 by allaboutgeorge
10 Tips for Building a Profitable Business
I guess I'd've gotten this kind of advice by going to the Start Conference.
business  howto  pets  corporations  finance 
november 2008 by allaboutgeorge
Op-Ed Contributor - Margare Atwood - A Matter of Life and Debt - NYTimes.com
We are social creatures who must interact for mutual benefit, and — the negative version — who harbor grudges when we feel we’ve been treated unfairly. Without a sense of fairness and also a level of trust, without a system of reciprocal altruism and tit-for-tat — one good turn deserves another, and so does one bad turn — no one would ever lend anything, as there would be no expectation of being paid back. And people would lie, cheat and steal with abandon, as there would be no punishments for such behavior.
money  work  ethics  writing  essay  aesthetics  relationships  psychology  altruism  happiness  crime  behavior  culture  history  economics  literature  sociology  finance  rhetoric 
october 2008 by allaboutgeorge
Six Apart CEO: Down Economy Boosts Blogging | Epicenter from Wired.com
"When you don't know where else to invest," he explains, "you invest in yourself." Which is kind of a slick way of saying that when you get laid off or your company goes under, it's a good time to build your personal brand by blogging. Or, for that matter, if you suddenly find yourself with a lot of time on your hands, you might blog to fill the empty spaces. "You look for a way to reassert control," Alden points out. "That's a reason blogging surges in down times."
blogging  economics  finance  marketing  internet  work  jobs  diy 
october 2008 by allaboutgeorge
Tech guru Tim O'Reilly challenges next generation to get serious - Los Angeles Times
"The real Web 2.0, the web of collective intelligence applications, is going to be stronger as a result of any downturn. Heck, figuring out more transparent financial markets alone will be a hotbed of opportunity."
web  technology  software  finance  internet 
october 2008 by allaboutgeorge
SPIEGEL ONLINE - Druckversion - The End of Arrogance: America Loses Its Dominant Economic Role - SPIEGEL ONLINE - News - International
"The new US president will only have been in office for a short time when a document titled 'Global Trends 2025' appears on his desk. The report is being prepared by analysts at the National Intelligence Council. Its chairman, Thomas Fingar, has already released a preview, and reading it will not exactly be enjoyable for proud American. 'Although the United States will remain the most important power, American dominance will be sharply reduced,' says Fingar. According to the preview of the report, the erosion of American supremacy will "accelerate in the areas of politics and economics, and possibly culture."
usa  toread  war  economics  power  politics  futurism  finance  realestate  stocks  europe  germany 
october 2008 by allaboutgeorge
The Inksniffer: Give us some credit. How the newspaper industry is about to be disembowelled by the banking crisis.
"If I were Google looking at my very tax inefficient $12 billion cash pile, I wouldn't anticipate regulatory interference getting in the way in the current financial climate. Who else is going to take on the debt of Tribune or McClatchy or MediaNews (whose debt burden is perilous and whose credit rating is in the lower reaches of junk) and save the jobs and the institutions that politicians need to be seen to save?"
news  media  newspapers  business  google  finance  stocks  medianews  jobs  politics 
october 2008 by allaboutgeorge
Steering Clear of Energy's Volatility - washingtonpost.com
"Amana Trust Growth (symbol: AMAGX) is the largest U.S. fund that invests according to Islamic law. The fund keeps trading to a minimum because Islamic law equates it to gambling. It has benefited from gains in some of its long-term investments, such as Apple. The fund is down 5.26 percent this year and up 15.31 percent over five years."
islam  investing  economics  religion  law  finance  apple  oil  energy  usa  stocks 
august 2008 by allaboutgeorge
Off the Shelf - A Journalist in B-School Wonderland - NYTimes.com
“Business schools no longer produce just business leaders. M.B.A.’s determine the lives many of us will lead, the hours we work, the vacations we get, the culture we consume, the health care we receive, and the education provided to our children.”
business  education  harvard  journalism  media  books  newspapers  finance  economics  culture 
august 2008 by allaboutgeorge
How to Succeed? Make Employees Happy - TIME
"Simultaneously we hit upon the philosophy that I think will be the dominant philosophy in business in the 21st century. It's this principle that the purpose of business is not primarily to maximize shareholder value."
business  capitalism  career  economics  finance  work  money  corporations  ethics  jobs 
july 2008 by allaboutgeorge
Stocks Tarnished By 'Lost Decade' - WSJ.com
"We have to accept that this is no longer a nation of 4% real economic growth. This is a mature nation that no longer has a strong manufacturing base."
finance  history  stocks  economics  usa  capitalism  business  corporations  investing 
march 2008 by allaboutgeorge
BalSun: Broad interests enrich the Miller touch in stocks
"The great thing about investing is that there is almost no subject that doesn't bear on investing. For somebody who is an intellectual dilettante ... or intellectually promiscuous, it is a great thing to do."
investing  stocks  emergent  social  finance 
january 2005 by allaboutgeorge
CSM: How much to put in stocks? Try zero.
"As an individual, zero is a good number. In accounts where we are allowed to go short [and sell stocks not already owned], we are short. We have a negative weight on US stocks."
finance  usa 
september 2004 by allaboutgeorge

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