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POPSWho Will Hire Our Bankers? In the last week I've talked to people who think it's a *great* idea to tax away bonuses of anyone working for TARP recipients. 'But what if it causes all the good people to leave?' I ask. 'Wah wah wah. Where will they go?' 'Here's where.'
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POPSEconopoly Note those cities in the front row... Detroit, Riverside... http://www.forbes.com/2008/10/15/economy-housing-recession-biz-beltway-cx_jz_1015econocities_slide.html?thisSpeed=15000
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POPSThe Recession-Proof Repo Man That lead paragraph just about sums it up. Another reminder that there's always a recession-proof job out there. I want to focus, however, on a claim in the middle of the story, that "No one grows up aspiring to be a repo man." Is that true? It seems that I've met a lot of people in life who kind of have a chip on their shoulder and would really love to take people's boats away. I'm not suggesting that real repo men have chips on their shoulder. I'm just saying... I knew some kids who took any opportunity to snatch away my Legos, and surely, as adults, they would love to snatch away my boat. If they could do it legally. Well, and if I had a boat.
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POPSAmerican housing: Map of misery The Economist looks at Ben Bernanke's new color-coded map of where the housing crisis is hitting. Looks like some regions are quite a bit less stressed than others. Hey! That reminds me of a look that somebody (wonder who?) here at Forbes.com did on America's Recession-Proof Cities: http://www.forbes.com/realestate/2008/04/29/cities-recession-places-forbeslife-cx_jz_0429realestate.html Our results line up nicely with these (think it's because of the overwhelming role housing prices are playing in the economy?) with the notable exception of San Jose.
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POPSEconomics and the Entrepreneur A lengthy look at how the recession of the 70s changed our thinking about economics. A history lesson, a primer on Joseph Schumpeter, and an argument for the importance of the entrepreneur. Well worth the read for the casual fan of economics who has nothing to do on a Friday afternoon. (If you're not an economics fan, consider yourself warned.)
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POPSRecord Year for Lobbyists Turns out that oil and agriculture aren't the only industries bringing in more money than ever before. Is lobbying the ultimate recession-proof industry?
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