Building The Perfect Beast

Reading, Writing, Wanderlust, and Commentary

Archive for the ‘Financial Crisis’ tag

Once Again, A Link To This American Life

leave a comment

So… you’re probably starting to wonder if Ira Glass has me on his payroll. (No, he doesn’t, but Ira, if you’re listening, it would be a gig I’d love. Feel free to give me a call!)

This week, once again, Adam Davidson and Alex Blumberg have synthesized the very-complicated-seeming issues related to the banking crisis into something a little more available for average human consumption. (OK, I admit here and now, I had to listen to this segment TWICE, and I think I’m finally starting to get it. Third time, of course, is the charm.)

So, please let me point you to this VERY interesting and informative segment of This American Life, titled Bad Bank. You’ll also find the This American Life podcast here.

Written by Jeffery Battersby

March 2nd, 2009 at 8:10 pm

Gimme Your Money, Or The Economy Goes Down

leave a comment

The guys at Planet Money are frakking brilliant, and I say this because they make it possible for a complete financial moron like me to understand the nuances and complexities of the global financial crisis.

This morning they had an especially interesting  segment on NPR’s Morning Edition. While the text in the linked article is a pretty decent transcription of the audio, you need to listen to the entire audio segment.

The piece focuses on, “A single piece of paper [that] may just be one of the most surprising and illuminating documents of the whole banking crisis.” What did the document say?

“Ultimately, the taxpayer will be on the hook one way or another, either through greatly diminished job prospects and/or significantly higher taxes down the line.”

“In other words,” say Davidson and Blumberg, “the paper says, if the government tries to save taxpayers money, many people will lose their jobs and the whole economy will suffer.

MIT’s Simon Johnson referred to the document as a, “robbery note.” Question is, how are they going to collect a ransome when no one has any money?

Lots here worth listening to.

Written by Jeffery Battersby

February 27th, 2009 at 11:20 am

Posted in Asides,Commentary

Tagged with

Packed Panera, Newburgh

leave a comment

Panera Bread, Newburgh, NY 2:00 PM

Packed to the walls in the new Newburgh Panera.

Holiday spirit? Or end of financial crisis?

Mind you, this is 2:00 PM on a Friday, and the seats in the room behind my back are completely full.

They did screw up my Caesar salad with some kind of pepper dijon dressing though.

Written by Jeffery Battersby

December 12th, 2008 at 2:01 pm

Posted in Asides

Tagged with

Hey You! Listen! Now!

one comment

I am by no means a financial wizard. In fact I am the opposite. A know nothing. Useless. And compared to my high school friend Troy V., who knew of a certainty that he was born to be a CPA, a career he has pursued with focus and dexterity, much to his financial benefit, since I first met him in the summer of my 16th year, I am a derelict.

Not because I’m a spendthrift, I’m not, but because the business of money bores me. Kneading and squeezing it to make it something more has the allure of toenail excision and root canal. Honestly, I can’t even stand to balance my checkbook.

And yet, I’m intrigued by what the recent mortgage crisis has wrought. Intrigued enough that I wanted to figure it out. But clueless as to where to begin to get some helpful, easily understandable information. Information capable of being understood by a man with my financial disabilities. Read the rest of this entry »

Written by Jeffery Battersby

October 8th, 2008 at 6:16 pm