It's an echo of the movie "Minority Report" -- a neuroscientist studying brain structures discovered that he's wired to be a psychopath. In the next 5 to 15 years, many of us will find out things about ourselves -- our genomes, possibly our brains, and maybe much more -- and it's going to force some very serious reassessments of what we control, what we're responsible for doing, and what we want to know about what's programmed into our very bodies.
Does China's contribution to typhoon relief in the Philippines tell us what a world with a Chinese superpower would look like? Chinese support can be found quickly when there's something to be gained (like access to carmaking skills), but perhaps not so much when there's less to be obviously gained.
And, yes, it's good news that the Treasury Department is almost done with owning shares of GM stock. But the ends don't justify the means. The government's intervention in the automakers is nothing to be happy about.
Thanks for listening tonight! Tonight's program is online for on-demand listening anytime.
A few links from tonight's show:
Thanks for listening tonight. Our full show is available online.
Yes, the Twitter IPO comes off as a "success" for the people who were inside the company. But anyone buying shares in the company is purely speculating...not truly investing.
Listen to the show to hear why.
Lots of things get more complicated over time -- but they're mostly getting better. One of those things that gets more complicated is the need to plan for the future (we generally call it "retirement", but really any sort of financial planning for the future counts here). It was simpler when people agreed to take lower pay in return for pension promises -- but those promises turned out in some cases to be false, and in other cases to be overly optimistic. A system in which everyone is responsible for their own investments may be more complicated, but it should also be a lot better. Yes, it requires teaching ourselves (I'm pleased to share my own list of the first ten books you should read about investing) -- but in the process of learning, we also become better at things like voting. It's essential to responsible citizenship to be able to put into context the news that China's spending a trillion dollars investing overseas, knowing (for instance) that Americans already own $5.3 trillion in the stocks of foreign companies.
The world may be more complicated, but that complication generally goes hand-in-hand with things getting better.
Listen anytime to tonight's show on-demand.
Thanks for listening tonight!
The debt ceiling debate has to end so we don't wreck the full faith and credit of the United States. But we also have to get our act together and realize that government can't go on spending beyond our taxes at a rate much faster than the economy grows. It simply can't work that way...and it's going to hurt badly if we don't all start to learn the Rule of 72 in a hurry.
What's that mean? Listen to the podcast of our October 13, 2013 show to find out.
Thanks for listening!