September 17, 2007
September 12, 2007
Sir, I know you are excited, but if you have waited one month you would of saved $200! Apple CEO Steve Jobs overpriced the iPhone, and now people who bought iPhones are not happy and Jobs is apologizing. Read here about Apple's misguided pricing strategy, why people who bought iPhone's are mad (rightfully so), and how competition in technology will continue to give consumers great value. And the lesson consumers learned do immediately buy an overhyped product when it is released, as the price may be cut soon.
Read here about Minneapolis investor Gene Sit's remarkable life story and his efforts to support Minnesota soldiers who have served in combat since 9/11. Sit founded the Minnesotans' Military Appreciation Fund, which has paid out more than $3 million to more than 4,500 soldiers or the families of soldiers killed in action. A great example of the good side of capitalism, a successful entrepreneur giving his time and wealth to a noble cause.
September 4, 2007
Don't mess with the laws of economics. Print way too much money, set limits on prices and wages, and read here what this is doing to the country of Zimbabwe. Great, that gallon of milk is on sale for $200 dollars!. Hyperinflation. Check out the article from the New York Times here.
September 1, 2007
Here is an interesting Article by the Freakonomics authors on a worldwide study about incomes and reported happiness. Do ever higher incomes in wealthy countries lead to greater happiness? See what the Freakonomics guys have to say.