The Pew Trust has done the math and it turns out the the economic crash of 2008 incurred about $108,000 per US household in costs and stock and house-price losses:
U.S. households lost on average nearly $5,800 in income due to reduced economic growth during the acute stage of the financial crisis from September 2008 through the end of 2009. Costs to the federal government due to its interventions to mitigate the financial crisis amounted to $2,050, on average, for each U.S. household. Also, the combined peak loss from declining stock and home values totaled nearly $100,000, on average per U.S. household, during the July 2008 to March 2009 period. This analysis highlights the importance of reducing the onset and severity of future financial crises, and the value of market reforms to achieve this goal.
The Impact of the September 2008 Economic Collapse
(via The Consumerist)
In 1994, Apple’s Mac OS 7 licensing program briefly enabled other companies to make and sell Macintosh computers. In response, Apple employees “Dave Garr & The Licensees” created this delightful parody of Tiffany’s “I Think We’re Alone Now.” (via r/Apple)
In 1992, the Federal Trade Commission opened an antitrust investigation against Microsoft; in 2001, the company settled the claims, making a slate of pro-competitive promises that were widely derided as too little, too late.
Former tech worker Kshama Sawant (previously) won an unprecedented victory in 2013 by running for Seattle city council as on the Socialist Alternative ticket, raising unprecedented sums in small-money donations, and then winning the election after a last-minute surge in the polls.
Got some aches that a lazy rubdown won’t put a dent in? Give your muscles an early Christmas with these massage guns. If you’ve never tried one, they’re all designed to bring deep tissue relief, and they’re all at Black Friday prices now. JAWKU Muscle Blaster V2 Cordless Percussion Massage Gun This cordless massager exerts […]
Just about everybody from small-time app developers to big database administrators loves Linux. But just because it’s open-source doesn’t mean its secrets are open to everybody. For that, you need a comprehensive training program like the Complete Linux System Administrator Bundle. If you’re chasing any kind of career in coding, this is the online regimen […]
If you want to be an app developer for Android, there’s never been a better time. Languages like Kotlin are tailor-made for functionality, and the Jetpack suite of tools makes the whole process easier. The only hurdle is learning your way around these tools, and that’s where the Android Jetpack & App Development Certification Bundle […]