Category Archives: Economics

Another Housing Bubble Burst

Posted on 22 May 2013 by

News from Oklahoma: another housing bubble burst. (Hat tip to Titanic for the bad taste in humour.)

Posted in Economics, USA | Tagged , , | 1 Comment

People who may want to change their name, # 4

Posted on 29 March 2013 by

The new governor of the Central Bank of Cyprus will be Panicos Demetriades. Not the best name for the head of the central bank of a  country at the brink of bankruptcy.

Posted in Economics | Tagged , | 2 Comments

Why I don’t play the Lottery

Posted on 20 February 2013 by

Because it’s a Soviet scam, a Communist charade: (Photographed at Grutas Park in Lithuania.)

Posted in Economics, Lithuania, Photography, Travel | Tagged | Leave a comment

“How do you finance your travels?”

Posted on 9 January 2013 by

Based on my extensive list of travels, this is probably the question I get asked most: “How do you finance your travels?” Many people tell me that they enjoy my blog and my travel photos, adding “I wish I could afford … Continue reading →

Posted in Economics, Life, Travel | Tagged | 24 Comments

Did you notice the Irony? (# 3)

Posted on 10 November 2012 by

Mitt Romney: “Government does not create jobs.”  Mitt Romney, a bit later: “As President, I will create 12 million new jobs.” Luckily, you and others noticed this irony before election day. Dystopian horror stories will be written about what might … Continue reading →

Posted in Economics, Elections, Politics, USA | Tagged | 3 Comments

Six Billion Dollars

Posted on 7 November 2012 by

Q: What do you get for spending 6 billion $ on an election campaign in the US? A: You maintain the status quo. The President is re-elected, the House of Representatives remains Republican and Democrats maintain their majority in the … Continue reading →

Posted in Economics, Elections, Politics, USA | 7 Comments

No donations for victims of Sandy

Posted on 4 November 2012 by

After the havoc and destruction caused by Hurricane Sandy in the Caribbean and in the Eastern United States, appeals for help and donations have popped up as reliably as Christmas chocolate will hit the shops around this time of the year. … Continue reading →

Posted in Economics, USA | Tagged , , | 22 Comments

How rich is Estonia?

Posted on 3 November 2012 by

You can tell that a country is abundantly rich and has a prospering economy when there are signs next to the toilet that tell you “Don’t throw money down the toilet”. (Seen and photographed at Tallinn Airport in Estonia.)

Posted in Economics, Estonia, Photography, Travel | Tagged | 5 Comments

What did Jérôme Kerviel do wrong?

Posted on 24 October 2012 by

Today, an Appeals Court in France upheld the conviction of Jérôme Kerviel, a former trader with the French bank Société Générale, sentenced him to serve time in prison and ordered him – rather symbolically I assume – to pay 4.9 billion … Continue reading →

Posted in Economics, France, Law, Scams | Tagged , | 5 Comments

Shrinking Lithuania

Posted on 29 September 2012 by

Now I understand why it was so easy to find a beautiful and affordable apartment when I moved to Lithuania: The population of Lithuania is shrinking. It has fallen below 3 million, meaning that this cute little country has lost … Continue reading →

Posted in Economics, Lithuania, Photography, Statistics, Travel | 12 Comments