Daily Digest

Daily Digest - January 1

Friday, January 1, 2010, 11:36 AM
  • World Ushers In 2010, Hoping For A Better Year
  • How To Reinvent Yourself In A New Job
  • Will Next Decade Be Another Bubble-Popper?
  • A Glass Half-Full
  • Cheat Sheet For Keeping Resolutions
  • More Americans Stashing Money In The Bank Of Mattress
  • New 2010 Laws: From Cooking To Texting 
  • The Economic 'Experts' Who Stopped Making Sense
  • Black Swans For 2010 
  • Mailman To Deliver Aid In Case Of Anthrax Attack
  • For Europe The Worst Yet To Come

Economy

World Ushers In 2010, Hoping For A Better Year (M.W.)

Pyrotechnics, parties and prayers greeted 2010 as people around the world bid farewell to a recession-blighted old year.

How To Reinvent Yourself In A New Job (M.W.)

For job seekers, 2010 could be the year to reinvent oneself. Industries such as health care, higher education, and green technology are expanding. How should people go about tweaking or changing their careers?

Will Next Decade Be Another Bubble-Popper? (M.W.)

It doesn't seem to matter to professional investors that the S&P's 500 index has fallen 23% since the start of 2000. Or that investors helped create and then destroy the bubbles that left stocks worth $2.5 trillion less today than when the decade began. A mix of investor hubris, ignorance and piles of easy money created the bubbles. What will be the next bubble? Or is it already here? And, how do individual investors protect their savings?

A Glass Half-Full (M.W.)

"I'm afraid we're going to have to let you go." Boom. Just like that, the train derailed. All that promise, all that possibility, was now gone. After 12 years of a relatively charmed professional life, reality set in with a vengeance. How I dealt with this reality formed the basis of an entirely new approach to my career, and to my life.

Cheat Sheet For Keeping Resolutions (M.W.)

It is no secret that the odds against keeping a New Year's resolution are steep. Only 19% of people who make them actually stick to their vows for two years. But those discouraging statistics mask an important truth: The simple act of making a New Year's resolution sharply improves your chances of accomplishing a positive change—by a factor of 10.

More Americans Stashing Money In The Bank Of Mattress (M.W.)

As the economy crumbles and fiscal safety nets disappear, cash stashing is crossing generational and psychological divides, the behavioral pattern expanding beyond what had long been the domain of seniors and paranoiacs. Until recently, the typical stasher had been an older person who lived through the Great Depression. Whether the U.S. banking system is destined for more turmoil remains to be seen, but Americans are behaving as if it is.

New 2010 Laws: From Cooking To Texting (M.W.)

California becomes the first state to bar restaurants from cooking with trans fat. Illinois becomes one of 18 states where it is illegal to text or e-mail while driving. In Texas, teenagers wanting a salon tan will have to be accompanied by an adult. New state laws taking effect on New Year's Day will change the way people live.

The Economic 'Experts' Who Stopped Making Sense (M.W.)

2009 ought to have been the year that economists well and truly fell from grace. There is surely adequate ammunition to explode any remaining faith in their powers of prediction: the scale of the economic slump, the rise in unemployment, the fact that a small number of extremely rich people have been getting richer while the majority have suffered. But bizarrely enough, it hasn't happened.

Black Swans For 2010 (M.W.)

These aren't predictions. A Black Swan event is, by definition, unpredictable. In the last few years, we've been hit with a number of these events that come from the blue and destroy with a vengeance. So I give you some eventualities to ponder for 2010.

Mailman To Deliver Aid In Case Of Anthrax Attack (M.W.)

If the nation ever faces a large-scale attack by a biological weapon like anthrax, the U.S. Postal Service will be in charge of delivering drugs and medical aid. In an executive order released Wednesday, President Obama put the Postal Service in charge of dispensing ''medical countermeasures'' to biological weapons because of its capacity for rapid residential delivery..'

For Europe The Worst Yet To Come (M.W.)

Europe faces a longer-term challenge to restore the fiscal credibility of at least half the countries that use the euro. The true test for the world’s largest common currency zone, analysts say, will be whether it can withstand the economic, political and social strains once the European Central Bank begins to raise interest rates.

7 Comments

VeganDB12's picture
VeganDB12
Status: Platinum Member (Offline)
Joined: Jul 18 2008
Posts: 740
Re: Daily Digest - January 1

Saxplayer I am glad you got a break and thank you MW for the articles today.

Happy New Year

Denise

rjs's picture
rjs
Status: Gold Member (Offline)
Joined: Aug 8 2009
Posts: 445
Re: Daily Digest - January 1

http://www..msnbc.msn.com/id/34633553/

"is not a valid host name"...this is the third time youve posted a link to a url with double dots, and i have no idea how that could happen...

DavidC's picture
DavidC
Status: Silver Member (Offline)
Joined: Sep 29 2008
Posts: 243
Re: Daily Digest - January 1

http://www.msnbc.msn.com/id/34633553/

DavidC

mark_visconty's picture
mark_visconty
Status: Member (Offline)
Joined: Dec 16 2008
Posts: 10
Re: Daily Digest - January 1

MW - thanks for all the hard work!!!

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2244
Re: Daily Digest - January 1

Hey Swt Melissa (MW), thanks so much for keeping the Daily Digest going, even on New Year's Day! 

I enjoyed the Black Swan article predicting potential "Black Swans" for 2010; that's an interesting idea!  It would be fun if someone here started a thread asking for people's ideas on potential Black Swan events for 2010.  With the smarts and creativity of this community, that could be pretty interesting! Hmm.... 

-pinecarr

Damnthematrix's picture
Damnthematrix
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 3998
Re: Daily Digest - January 1
rjs wrote:

http://www..msnbc.msn.com/id/34633553/

"is not a valid host name"...this is the third time youve posted a link to a url with double dots, and i have no idea how that could happen...

Parkinson's...?

Mike

Damnthematrix's picture
Damnthematrix
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 3998
no wonder America's broke...

http://www.informationclearinghouse.info/article24298.htm

 

World’s Sole Military Superpower’s 2 Million-Troop, $1 Trillion Wars

By Rick Rozoff

January 01, 2010 "

Information Clearing House" -- With a census of slightly over 300 million in a world of almost seven billion people, the U.S. accounts for over 40 percent of officially acknowledged worldwide government military spending with a population that is only 4 percent of that of the earth’s. A 10-1 disparity.

In addition to its 1,445,000 active duty service members, the Pentagon can and does call upon 1.2 million National Guard and other reserve components. As many as 30% of troops that have served in Afghanistan and Iraq are mobilized reservists. The Army National Guard has activated over 400,000 soldiers since the war in Afghanistan began and in March of 2009 approximately 125,000 National Guard and other reserve personnel were on active duty.

The Defense Department also has over 800,000 civilian employees at home and deployed worldwide. The Pentagon, then, has more than 3.5 million people at its immediate disposal excluding private military contractors.

After allotting over a trillion dollars for the wars in Afghanistan and Iraq alone and packing off more than two million of its citizens to the two nations, the U.S. military establishment and peace prize president have already laid the groundwork for yet more wars. Boeing, Raytheon and General Electric won’t be kept waiting.

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