EppsNet Archive: Bankruptcy

EppsNet Book Reviews: Mindset by Carol S. Dweck, Ph.D.

Carol Dweck’s research is part of a tradition in psychology that shows the power of people’s beliefs. These may be beliefs that we’re aware of or unaware of but they strongly affect what we want and whether we succeed in getting it. This tradition also shows how changing people’s beliefs can have profound effects. Dweck’s insight into fixed mindset (bad)… Read more →

Get Rich Making Dumb Decisions

The people on the short side of the subprime mortgage market had gambled with the odds in their favor. The people on the other side — the entire financial system, essentially — had gambled with the odds against them. Up to this point, the story of the big short could not be simpler. What’s strange and complicated about it, however,… Read more →

I See a City That’s Coming Back

We are one nation. We are one people. We will rise and we will fall together. Anyone who doesn’t believe it should come here to Detroit. It’s like the commercial says: This is a city that’s been to heck and back. And while there are still a lot of challenges here, I see a city that’s coming back. — Barack… Read more →

But I Didn’t Mean It

POTUS: “When the auto industry was on the brink of collapse and Gov. Romney said, ‘Let Detroit go bankrupt,' I said no.” — Barack Obama (@BarackObama) July 16, 2012 Read more →

Here is Your Wakeup Call, America: Detroit Just Went Bankrupt

Detroit used to be known as “the Paris of the midwest” – a city of wide streets, imposing buildings, and home to the great US auto industry. In 1960, it had the highest per capita income in the nation. But decades of decline, racial tension and corruption have brought the motor city to its knees. — The Guardian Highest per… Read more →

A Long and Short Explanation of Why Borders Books Went Out of Business

Borders, unable to find a buyer willing to get it out of bankruptcy, plans to close its remaining 399 stores and go out of business by the end of September. — msnbc.com “When Borders started up 40 years ago,” I explain to my son, “there was a certain percentage of the American public that bought books and read them. “It… Read more →