After the last department store in town went bankrupt in 2002, the townsfolk of Saranac Lake, NY, faced the daunting prospect of having to drive 50 miles away just to purchase underwear. Rather than give up or give into complaining, they pulled themselves up by their mud boots and decided to build their own store, and it just opened. [More]
Credit Slips has this wild idea about reforming the banking system by letting some fairy-tale character named “Bob” run around issuing loans to qualified people in his community. We normally love Credit Slips as a well-researched piece of scholarly work masquerading as a blog, like cauliflower disguised as Cheetos, but this “community banking” idea? Ridiculous, right?! Grab a juice box and hit the jump to see what happens when economists take a stab at children’s fiction.
Time wants to know who you think is most to blame for the current financial fiasco. They have a neat community polling application that lets you rate people by their guilt or innocence. Currently at number one: Phil Gramm, chairman of the Senate Banking Committee from 1995 through 2000. Congratulations, Phil! Or, not.
25 People to Blame for the Financial Crisis [Time]
We’re going to say something positive about U-Haul! No, not about the company (it has a rich history of complaints on our blog), but about the community trading service they’ve enabled on their “U-Haul Box Exchange” forum where people give away or sell their boxes after they’ve moved—although hopefully you won’t find an unpacked baby in any used boxes you get your hands on.
SmartMoney is trying to spin it as a “take care of yourself” article, but we know that the real reason you’re in the market for a good retirement home is because Dad has gotten older and he’s nowhere near the madcap character Abe Simpson is on TV. Luckily for you (and your dad), they’ve put together a brief guide of 5 things you should look for when choosing a retirement home. You know, for “yourself.”