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Ways of the World

Carol Stone, business economist & active Episcopalian, brings you "Ways of the World". Exploring business & consumers & stewardship, we'll discuss everyday issues: kids & finances, gas prices, & some larger issues: what if foreigners start dumping our debt? And so on. We can provide answers & seek out sources for others. We'll talk about current events & perhaps get different perspectives from what the media says. Write to Carol. Let her know what's important to you:

Tuesday, May 26, 2009

Links to More of the Debt Turmoil of the Day

We're working on an article about credit card debt and the new law, and we hope to finish it "soon". In the meantime:

Last week, we told you about Edmund Andrews, a New York Times economics reporter who has managed to get himself in substantial financial woe with a too-big mortgage and unmanageable credit card debt. His Times article that we directed you to is an excerpt from a whole book, which has just been published. Reviews of it say the same thing we did about the article: it's really tough to read about this mess, but you should. The book, Busted: Life Inside the Great Mortgage Meltdown, is available from Amazon and other booksellers. Besides Andrews' personal story, chapters tell about the less-than-honorable lenders he borrowed through, so there's a broader and deeper picture of the whole sordid affair. And royalties from the book can help pay Andrews' bills.

A blogger on AOL's WalletPop has interviewed Andrews, and that is worth your time too. Tom Barlow asks hard questions, which Andrews doesn't try to sidestep.

Finally, lest you think we have no sense of humor at all, we call your attention to Debbie Loeb's Hodgepodge item from Friday, the video of "Worst $lide $tory". From Newsday's Walt Handelsman, it is a great take-off on the currently hot Broadway ticket, recast for today's economy. Do enjoy it! Animation: Recession Sing-A-Long



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