Stock Market Tumbles Again

Days like this make me glad that I am too poor to have a bunch of investments in the stock market. (And no, the above Apple dashboard gadget does not display my portfolio; merely stocks and indices of interest.)

So do we still want to put our all-critical Social Security retirement money into the stock market?

Oh, and just in the time it took me to write the above two paragraphs, the Dow dropped another 20 points.

Robert Reich on the "Failed" Bailout

Economist (and former U.S. Sec. of Labor) Robert Reich says the federal bailout of Wall street so far has been a failure, with the money wasted and spent in unaccounted ways. He spoke at The Commonwealth Club's annual economic forecast on January 14, 2009, in San Francisco.
Above is a short (and, I know, not high quality) video excerpt from the event.

Ziff Davis Now Paper-free!

Publisher Ziff Davis Media has effectively exited the print publishing world with its closure of the print edition of Electronic Gaming Monthly, according to a Folio: news alert. In November 2008, the company announced that it would stop publishing its once-hefty PC Magazine and made it web-only.
Ziff has a history of being a leading tech and consumer publisher, but it also has a history this decade of being almost constantly on-the-brink financially, so I don't think this is a case of my warnings yesterday coming true. But noteworthy.