Browsing Tag

pensions

Should we let GM fail?

The issue of GM cannot be divorced from the broader issue of health care. Companies like Honda operate out of countries that made health and retirement benefits a national responsibility. And the perennially high price of gasoline, a…

Unrealized gains in wealth

I've been thinking a lot about unrealized gains and their effect on the global economy. if you remember, I wrote a few weeks ago about a new debit card that lets people tap the money from their 401(k) plan. I think these cards are a bad…

Tapping the 401K and unrealized gains

I just picked up on a MarketWatch article about 401(k) debit cards through Tim Iacono's blog. It marks a pretty astounding trend in financial innovation.Debit cards are straightforward. You use them for purchases and money is deducted from…

GM drops to 53-year low

Wow! I've heard of multi-year lows, but a 53-year low. That's painful. Look, let's not beat around the bush here. GM is in big trouble. They sell many products that people don't want anymore (gas guzzlers), their growth engine is…

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