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sâmbătă, 30 august 2014
This Labor Day, Let's Talk About the Minimum Wage
Seth's Blog : Turning passion on its head
Turning passion on its head
Instead of, "do what you love," perhaps the more effective mantra for the entrepreneur, the linchpin and maker of change might be, "love what you do."
If we can fall in love with serving people, creating value, solving problems, building valuable connections and doing work that matters, it makes it far more likely we're going to do important work.
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vineri, 29 august 2014
Mish's Global Economic Trend Analysis
Mish's Global Economic Trend Analysis |
Posted: 29 Aug 2014 07:53 PM PDT Here's the moral dilemma of the day: Suppose you are a staunch Libertarian, doing reasonably well and you don't need food stamps. Yet, under perverse rules, you qualify for them. Should you take them? Reader Steven faces that exact question. Steven writes ... Hi MishDo What's Best For Your Family My advice is simple: In general, you should do what is best for you and your family as long as it is legal. I offered the same advice in regards to "Walking Away".
Comments from a Staunch Libertarian I pinged Steven's question off Pater Tenebrarum at the Acting Man blog. Pater is one of the staunchest libertarians one could possibly find. Pater replies ... Ayn Rand has once addressed this question in the context of "should you accept research grants from the government". Essentially, her point is this: If the government has taken your taxes, you have every right to receive some restitution. Why should only the supporters of redistribution and statism get something, and you be left nothing but a paying victim?Take the Money and Run There is no moral dilemma. Take the money and run. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
"Economic Pilot in Reverse": US Consumer Spending Unexpectedly Dips; Zero for 79 Posted: 29 Aug 2014 09:46 AM PDT Mainstream media headlines in the last two days offer an amusing look at GDP forecasts. GDP Stronger Than Expected Yesterday, the Financial Times reported US Rebound Stronger than First Thought. The US economy's second quarter bounce was stronger than previously thought, with the official annualised growth estimate increased from 4 per cent to 4.2 per cent."Economic Pilot in Reverse" Today, the Wall Street Journal reported U.S. Consumer Spending Declines 0.1% in July. Consumer spending fell in July and income growth was weak, signs that cautious consumers could restrain economic growth in the second half of the year.Diving Into the Numbers Please consider Personal Income and Outlays: July 2014 by the BEA. Personal income increased $28.6 billion, or 0.2 percent, and disposable personal income (DPI) increased $17.7 billion, or 0.1 percent, in July, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $13.6 billion, or 0.1 percent. In June, personal income increased $67.1 billion, or 0.5 percent, DPI increased $62.9 billion, or 0.5 percent, and PCE increased $50.5 billion, or 0.4 percent, based on revised estimates.Real PCE Highlights
Zero for 79 Bloomberg reports U.S. Consumer Spending Falls for First Time in Six Months. Consumer spending in the U.S. unexpectedly dropped in July for the first time in six months, a sign households are lagging behind as wages fail to accelerate. Rounding out the differences between GDP analysis yesterday and today, ZeroHedge reports Here Come the Q3 GDP Downgrades. Growth Engine By the way, and in contrast to widespread economic thought, consumer spending is not the "engine of economic growth". Savings, investment, and production are. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
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Damn Cool Pics
Damn Cool Pics |
- Facts About McDonald's That Will Blow Your Mind
- Life Hacks For Dog Owners
- Brutal Combat Weapons Throughout History
Facts About McDonald's That Will Blow Your Mind Posted: 29 Aug 2014 12:53 PM PDT |
Posted: 29 Aug 2014 12:47 PM PDT |
Brutal Combat Weapons Throughout History Posted: 29 Aug 2014 09:56 AM PDT |
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