Albert Einstein called compound interest “the eighth wonder of the world.” It is phenomenal to see the accelerating pace at which money is created – or paid, as the case may be – when it is left alone and allowed to compound. This tool at the Securities and Exchange Commission website helps you see the effects… Read more
Archive for August, 2013
The Cost of an Urban Family
This website provides an interesting tool for comparing the costs of raising a family in different parts of the country. The data can be localized and can be customized by family size. The Economic Policy Institute produced the tool and the underlying numbers to provide a realistic view of what amounts to a living family wage in… Read more
Chicago Blues
When I read in the New York Times about the amount of money it will take in places like Chicago to pay for pensions of public employees, it makes me think about how ugly politics will be in the future. Think Athens on the Prairie? It’s going to be the taxpayers against the unions. People who are… Read more