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Life on Severance: Comfort, Then Crisis

Posted by Greg L on November 11, 2009 · Leave a Comment

Amazing story from the Wall Street Journal. It’s about the challenges that some folks have faced after getting laid off. All of the people discussed in the article received substantial severance pay, but continued spending as if they expected that they’d find a replacement job quickly at the same rate of pay. They were so wedded to their … Continue reading →

Filed under Economics, Financial Crisis · Tagged with Financial Crisis, Severance Pay, unemployment

“If we remain poor and dependent, the riches of other men will not avail us. If we are ignorant, the intelligence of other men will do but little for us. If we are foolish, the wisdom of other men will not guide us. If we are wasteful of time and money, the economy of other men will only make our destitution the more disgraceful and hurtful. “
Frederick Douglass
“If you form the habit of going by what you hear others say about someone, or going by what others think about someone, instead of searching that thing out for yourself and seeing for yourself, you will be walking west when you think you’re going east, and you will be walking east when you think you’re going west. This generation, especially of our people, has a burden, more so than any other time in history. The most important thing we can learn to do today is think for ourselves.”
Malcolm X
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