Living on a Prayer

From The NY Times:

http://www.nytimes.com/2008/10/23/garden/23foreclosure.html

Forty-four percent of employees live paycheck to paycheck, according to a survey conducted by MetLife in late 2007, and 48 percent of American households have less than $5,000 in liquid assets according to Edward Wolff, an economist specializing in the study of poverty and income distribution at New York University.

Funny: Bernanke to the Rescue

In these volatile times, we gotta have some humor. Here's a funny Bernanke montage explaining the monetarian philosophy (i.e., when times are bad, the government should inject/drop money to stimulate the economy). Make sure the music is on--it's the music that makes everything so good:

http://moneyhelicopters.ytmnd.com/

Hat tip to Prof. Mankiw.

European Econ Forecast

Clever economic weather forecast from the FT:

http://www.ft.com/cms/s/0/3af6c64c-9eb6-11dd-98bd-000077b07658.html

Hat tip to Barry "The Big Kahuna" Ritholtz.

Hoover Institute

The Hoover Institute has a great link to some educational videos:

http://www.hoover.org/multimedia/uk/

Not exactly economics per se, but close enough.

B&N Free Cappuccino Offer (Thru 10/31)

I love cappuccinos. B&N is offering a free one through October 31, 2008:

Barnes and Noble Coupon

Hope it works.

Don't Worry, Be Happy

NY Times says many Americans won't be affected by the bailouts because relatively few of them pay any taxes:

http://economix.blogs.nytimes.com/2008/10/20/americans-shouldnt-worry-about-the-bailout/

Law: Performance Reviews

Here is an interesting article on whether companies should keep doling out performance reviews:

http://www.hrlawyersblog.com/2008/10/articles/hr-management/getting-rid-of-performance-reviews/

From my experience, performance reviews are used against the employer and constitute one of the few pieces of evidence readily available to a potential plaintiff.