Just a great article on the traveler of tommorow, he sounds like a cocky, silicon valley nerd though. But, the hotel industry with all the new influx of mobile and nano technologies will eventually see a huge fundamental overhaul on how they deal with customers and how customers reach out to hotels.
I’m excited about all the future possibilities as I am already welcoming with open arms web 2.0 initiatives.
Good article on the SEC chairman highlighting the “gaping holes” in our financial structure. Find it here. Or how about exposing the fruad that took place between our financial behemoths in the last few years. Article raises question to how businesses started to take on such risks in the first place:
“Warton professors trace the problems back to the 1980s, when businesses started aligning executive incentives with shareholder interests at the expense of managing in the best interests of the company overall”
Another article suggesting the additional problems within derivatives and other credit markets, and you thought stocks were bad!
And finally what does the failure of the bailout plan mean for the legacy of G.W. Bush and America?
Lots of stuff in the news these days. When I get a chance I’ll chime in with my two cents.
I’m pleased to see the bill not passed as noted from the Economist, we need to cut the fat, suffer from many angles, let the market purge those in which were ill prepared, which in effect will change US social spending habits. As in the auto industry these days, I expect a fundemental change to come from this. It’s not just the corporations and financial institutions whom are to blame, but also the frothy spending habits of ordinary Americans who’ve been blinded with marketing tactics since the early 90’s take on extraordinary debt levels. Amercians don’t even save more than 1% of income every year. That’s sick.
I’m American, and I hope just as Congress has, we face up to our dire reality and make the necessary changes to make things better for long-term and not just shock-and-awe ploys to bandage the bubble.
Yes, the boomers 401k’s are getting destroyed becuase of the market’s ails, but the overall cleansing of the system should benefit Americans down the road. Who in the hell really deserved a 200k home with no down payment and no monthly payments for 2 years in which didn’t have enough to cover? These things were smoke and mirrors of the bustling economomy since 2002…
Next to come:
A) Credit Card Crunch: less people spending on credit, less firms offering lax terms of credit, more defaults on credit cards, and in turn less discretionary spending for the economy as a whole
B) Auto Loans
C) Student Loans: Less people being able to afford expensive college eductations…
Hopefully I can finally get going with the whole Blog ordeal. I’ve had one registered for more than 2 years, but haven’t been able to muster up more than 5 posts. I’m starting fresh. For a reminder to myself, I will keep all subjects, but I will hope to focus on the following:
Finance News. Stocks, Mutual Funds, ETF, Economics personal opinions
Sports News. Blazers, Oregon Ducks
Muscic. All genres
Excel. Macros, spreadsheet bonanza, algorithms, formatting, ideas
Travel. Experiences, upcoming events, hotels, the works
That’s what I expect to keep up on and share with everyone.
Matty
Look at us eh?
