The answer is a lot easier than Walt Handelsman expected it to be. As noted here yesterday, the stock market is largely driven by a combination of rumors and panic, as Kal Kallaugher noted in the wake of the October 1987 crash: The good news is that Wall Street followed its worst day in two […]
We’ll start with something that hardly counts in the Grand Scheme of Things, except that accuracy does matter, even when good intentions only pave the road to Heck, not Hell. Clay Jones has a point to make in observing that Trump can no longer shoot someone on Fifth Avenue and not lose a single vote […]
Clay Jones marks National Newspaper Week (Oct 1-7) with this reminder of a major factor in the decline of newspapers: The odd belief that, while a cup of coffee costs money, information “wants to be free.” Maybe information wants to be free, but the people who compile it want to pay their rent and buy […]
Edison Lee (KFS) asks and answers the intriguing question, Why do they give rebates instead of discounts? The answer being that, if they offered a discount, they’d have to give it to everyone who bought the product. By framing the savings in the form of a rebate, they only have to give it to the […]