Category: Money

Aspiration by Joe WilcoxFeb 17, 20147:33 pm

Be a Better Crowdfunder

To date, my Indiegogo campaign for book Be a Better Blogger is a money loser. Costs exceed the pittance of contributions, and I appreciate every one made. Make no mistake, if you contributed—thank you! But with 11 days to go, and the campaign about 1.8 percent funded, absolute failure looms large.

So with little to lose, but more money, I hired one of several crowdfunders that emailed or commented soon after the campaign’s launch. I don’t expect much from the $149 fee, which gets me one hour consultation, press release, PR distribution, journalist outreach, and feed submission (whatever that means). But I did receive important insight, which is more a lesson about interacting with others rather than working alone.

Living by Joe WilcoxFeb 10, 20144:34 pm

Tale of Two Cities

There is no denying that the home of the summer of love is now experiencing a winter of fear and loathing. Rory Carroll Superbly-written take on the revolt around San Francisco against tech giants like […]

Living by Joe WilcoxFeb 2, 20147:43 pm

Better (RED) Than Dead

Super Bowl XLVIII is a real snoozer, with Seattle’s huge lead, and the adverts aren’t much more interesting. Among the few catching my attention: U2 song “Invisible” free on iTunes, with Bank of America donating a buck to (Product) RED. The promotion/donation ends 11:59 p.m. EST February 3.

On Sept. 29, 2006, I posted a quick analysis about (RED), which was then freshly started, to my JupiterResearch blog. The site is long gone, but I have the posts archived. What follows is the original text, complete with the original links, including to MySpace. Facebook was just a wisp seven-and-a-half-years ago. What that brief introduction…

Responsibility by Joe WilcoxAug 18, 201310:18 am

Conspiracy of Debt

We’re doing the worst thing people can do: lying to our young. Nobody, not even this president, who was swept to victory in large part by the raw enthusiasm of college kids, has the stones to tell the truth: that a lot of them will end up being pawns in a predatory con game designed to extract the equivalent of home-mortgage commitment from 17-year-olds dreaming of impossible careers as nautical archaeologists or orchestra conductors.

One former law student I contacted for this story had a nervous breakdown while struggling to pay off six-figure debt. It wasn’t until he tapped into one of the few growth industries open to young Americans that his outlook brightened. ‘I got my life back on track by working for a marijuana delivery service in Manhattan’, he says.
Matt Taibbi

Living by Joe WilcoxJun 17, 20136:35 pm

Beggers can be Choosers

I am at IKEA and some guy asks for change. But I rarely carry cash and tell him so. I reach in my pocket and pull out four pennies. He looks and says, “I’ll ask […]

Society by Joe WilcoxJun 23, 20122:23 pm

'We Do Business the Old-fashion Way'

My fake mafia money-lending TV commercial (making a point about how attitudes have changed regarding what’s a high interest rate):

Scene opens with a handsome, greying man dressed in dark suit and tie standing by a burning fireplace, holding a glass of red wine. The hue is yellow.

Money by Joe WilcoxNov 17, 20107:45 pm

Banks Play the Foreclosure Blame Game

Big business plays the kind of blame game that makes four year-olds crying “He made me do it!” seemingly mature. So, I’m not surprised that yesterday before the US Senate Committee on Banking, House & Urban Affairs, Bank of America’s Barbara Desoer blamed investors for the financial institution’s inability to modify more mortgages. It’s not her fault!—she claims. She makes a strange distinction between investors and shareholders, in the process casting blame as misdirection from a much larger problem: Banks and other lenders mishandling mortgage/foreclosure paperwork.

Society by Joe WilcoxOct 30, 20106:35 pm

Foreclosure Fallout will Last 9 Years

The Wall Street Journal‘s number of the week is startling. “107: How many months it would take to sell banks’ current and shadow inventory of foreclosed homes.” If Journal reporter Mark Whitehouse is right, banks will need 9 years to clear their foreclosure inventory. But I wonder. Could it be longer?

Living by Joe WilcoxOct 17, 20107:49 pm

Should Barack Obama Bail Out Americans?

My answer is yes. Artificially created debt is cholesterol clogging the arteries of consumer spending. The economy that created the debt is gone. Only by surgically removing debt can Americans freely spend, thus pumping fresh blood to the heart of the U.S. economy. But, hey, I’m no economist, although in 2005 I rightly predicted the housing bubble’s collapse and much of the aftermath. Surely such insight is worth something.

News Media by Joe WilcoxSep 17, 20106:13 pm

Matt Taibbi Wits British Petroleum Senseless

It was sickening enough when British oil giant BP set new standards for corporate scumbaggery in the Deepwater Horizon oil spill, turning the Gulf of Mexico into its own personal toilet and imperiling entire species […]

Money by Joe WilcoxAug 10, 20105:51 pm

‘The China Question’ Revisited

In March 2009, I asked “The China Question,” highlighting shocking parallels between the 1920s and `00s (the “Noughties”). Both decades similarly started off and ended, with boom and bust. Other parallels show how quickly an empire collapses—the Brits during early last century and quite possibly the yanks during this decade.

I resurface the post in context of incessant chatter about China’s increasing global economic dominance and America’s growing mountain of debt. Additionally, the United States is close to entering a double-dip recession, if it’s not there already. Recent economic indicators are disconcerting. China has largely exited the global recession fairly unscathed, while the United States is an economy divided: Public companies are reporting record profits, while the American public struggles to relieve record debt.

Money by Joe WilcoxApr 11, 20108:41 pm

Barack Obama’s Three Mistakes

I voted for Barack Obama and still have much hope for his presidency. But from my humble perspective, his priorities were out of order coming into office. Healthcare should have been second to financial reform. The Financial Crisis Inquiry Commission hearings now underway started more than a year too late.