A few links from tonight's show:
Personal savings rate: 4.4%. Which means that many Americans pay more in sales taxes than they save for the future
One employee, 80 years at Goldman Sachs
Does raising the minimum wage really solve problems of poverty? What's likely needed for many people is a better shot at climbing the economic ladder. That requires good educational and training opportunities (which is a community problem) and personal motivation (which is an individual one). Pandering on the minimum wage may be funny, but it eludes the sober reflection required to make sense of the issue.
Sale price for the Boston Globe: $70 million in cash. The principal owner of the Red Sox is buying the paper and its associated properties for a tiny fraction of what the New York Times Co. paid for it in 1993. Note that people paying high prices for Facebook stock need to take notice: Major media properties can plummet in value over time.
Listen again to the August 4th show in our podcast.
Thanks for listening this week! We'll be back next Sunday night at 9. More notes on the week in making money and having fun are on my website.