Wellness Blog: Al Jacobs

Another Scapegoat Bites the Dust

Al Jacobs — Thu, 29 Jan 2009 11:08:03 GMT

The fallout from our current economic malaise continues as Christopher Cox voluntarily steps down and out as Chairman of the Securities and Exchange Commission (SEC). It had to be, of course, as he became one of the convenient snowflakes on which to blame the financial blizzard. The opening salvo on Chairman Cox dates back to September 18, 2008, when then-presidential-nominee John McCain angrily announced: "If I were president today, I would fire him." Actually, his scheduled term ends officially in June 2009, and the president possesses no authority to fire him-though such reality is usually ignored amidst campaign rhetoric.

Hail the Credentialed Economist

Al Jacobs — Wed, 07 Jan 2009 12:21:04 GMT

e-con-o-mist (i kon'a mist), n. one who
philosophizes about other peoples' money.

In case you haven't heard, it's now official. America can avoid a depression. The program offered by Dennis F. Paulaha, Ph.D. Economics, spokesman for RemortgageAmerica, is simplicity itself. The Plan: The federal government offers every U.S. citizen a 30-year mortgage loan of $500,000 at 1�% fixed rate of interest.

Dishonesty Proclaimed as a Revelation

Al Jacobs — Mon, 15 Dec 2008 12:55:02 GMT

News Item: Survey Reveals Students' Dishonesty. For those of you who imagined otherwise, high-school-aged youths will shoplift from a store or cheat on an exam. It's official now. The Josephson Institute, a nonprofit foundation based in Los Angeles, surveyed 29,760 students at 100 randomly chosen high schools throughout the nation. Within the past year, thirty percent acknowledged having stolen from a store while sixty-four percent admitted to cheating on a test. Understandably, all were queried anonymously. The institute's founder and president, Michael Josephson, expressed dismay at the findings.

A Rescue of Main Street

Al Jacobs — Tue, 18 Nov 2008 11:58:54 GMT

In the closing weeks of the election now thankfully concluded, attention focused on the failing economy and a need for the federal government to address the problems quickly and effectively. Amidst passage of the $700 billion bailout legislation, the Bush administration proposed purchase of "toxic mortgages" from major investors as a way to invigorate the economy. As expected, calls for government money emanated from those claiming to represent ordinary citizens, urging assistance for individual homeowners facing foreclosure. This dispute between Wall Street and Main Street remains heated as spokespersons from both sides press their demands.

The Financial Bailout: A View of Reality by Al Jacobs

Al Jacobs — Wed, 22 Oct 2008 21:07:22 GMT

Are you watching as the nation's politicians work to solve the financial meltdown of 2008? Though they all have different opinions on what must be done, they seem to agree on one point: hundreds of billions in taxpayers' dollars must be thrown at the problem.