Monday, June 11, 2007

Tidbits

* Revolver, a Findlay restaurant specializing in haute cuisine, garnered a mention in the Wall Street Journal's weekend edition June 2/3...congrats to them!

* Also seen in the WSJ, was an interesting letter to the editor by Dr. Stephen Ball, Lourdes College Associate Professor and Chair of the Department of Leadership Studies. He took exception to the characterization of the woes of the West Outer Drive neighborhood in Detroit (an article about the effects of sub-prime lending). He says, "An element that comes through in almost every story of subprime-lending failure is the inability of borrowers to take personal responsibility because of the ignorance of personal finance concepts and their application." He advocates for problem-based learning in K-12 math curriculum. Way to go Prof. Ball!

* And while on the subject of economic ignorance, I came across this quote by Winston Churchill. "The multitudes remained plunged in ignorance of the simplest economic facts, and their leaders, seeking their votes, did not dare to undeceive them."
Posted by Maggie at 9:24 AM
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2 comments:

Chad said...

quote by Winston Churchill. "The multitudes remained plunged in ignorance of the simplest economic facts, and their leaders, seeking their votes, did not dare to undeceive them."

Truer words were never written!

7:12 AM
historymike said...

I would also place the blame for sub-prime horror stories at a couple of other factors besides parasitic sub-prime lenders:

1. The American obsession with owning one's own home;
2. The culture of impulsivity that exists across most sectors of the American population - gotta have it, and gotta have it now;
3. The throwaway mentalité among many Americans by which one can walk away from a property that has been neglected and just find another one to destroy.

12:41 PM

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