Category Archives: Business
Why Grubby Politicians like Joe Biden No Longer Get All the Breaks
Ted Nicholas Peterson – known to friends as “Nick” – was a man of confections. Fudge, to be exact. At age 21, and $96,000 in debt, he started his own confectionery business called, “Peterson’s House of Fudge,” in Wilmington, Delaware. Continue reading
Independence Day in America Circa 2019
In the early 1990s, Steve Rocco, a scrub freestyle skater from Hermosa Beach, delivered an epic haymaker to the corporate skateboard industry. On a shoe string budget, financed with predator loans from a shark named Kirby, Rocco rapidly took down the big three skate companies that, in hindsight, had grown fat and stale. In a classic case of Joseph Schumpeter’s “gale of creative destruction,” he revolutionized the industry and subculture. Continue reading
An Honest and Easy Solution to Wealth Inequality
Here we are, less than one month into the New Year, and absurdity levels have broken above 120 decibels. Society, it seems, has spun itself up to a fever pitch. The common culture is working towards a common freak-out. Continue reading
Merry Christmas Eddie Lampert!
The takeaway from all this is that Eddie Lampert and Stephen Freidheim know all the secret handshakes and fraternal chants of Wall Street’s highest order. They’ve come up through the ranks together. They’ve done business together for decades. Continue reading
