Archive for Economics
Pay or Walk Away?
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Yesterday, I came across this article in the Wall Street Journal. It reports a growing trend in some areas of the country where home owners simply walk away from their loans even though they can afford the payments. Walk away, meaning, they just stop paying their loan and take whatever hit comes to their credit score, etc. Apparently, in some States, your mortgage company cannot pursue your other assets if you choose this option. Usually, people do so because their homes have drastically dropped in value.
The problem, however, is that there are only a few lines even hinting to the fact that if you simply ‘walk away’ from your loan, you are failing to uphold your end of a signed contract. I have been in countries (and in a business more or less) where contracts are often considered little more than a framework for the deal. Somewhat optional. And the effects of such a mindset are disastrous. I am very concerned about what will happen to our country if more and more people begin to adopt the same attitude to their agreements.
Can you imagine living in a world where a handshake or a simple ‘yes’ was enough to seal an agreement? Where both parties had absolute confidence that the man or woman shaking their hand or saying that ‘yes’ would uphold their end of the agreement? What a great place to live!
Well, this is how Jesus calls His followers to live. ”Let your ‘Yes’ be yes, and your ‘No’ no,” He said. And the beauty of it is that someday (at least according to the Bible), it will be exactly like that. On the New Earth, everyone will keep their word perfectly and completely. No one will be walking away. I can’t wait for that day. But until then, we are wise to uphold our end of an agreement, no matter how difficult it may be.
Drug Advertising
Posted by: | CommentsIf you watch any television at all, you have seen plenty of advertising for a host of different drugs. I just viewed one myself. Here’s the basic structure of the adds.
First, tell everyone how great your drug is and how it will solve all your problems (more or less).
Second, speak really fast as you tell the world all the possible side effects that could be yours if you take the drugs.
Third, spend a few more seconds trying to negate all that you said really fast and leave the world with a big smile.
That really is a fair summary of almost all of them. Having said that, may I ask, do you listen carefully to the fast talking and/or read the fine print? If you do, will you actually seriously ask your doctor about the drug?
I’m serious. After all, the commercial I just saw mentioned suicidal thoughts. And severe depression. And a host of other big and small things. I have to think that would lead most people to steer clear of whatever drug the pretty person is pushing.
And yet, the ads keep coming. So that leads me to believe that they are effective enough to justify their cost. What then does that say about us?
An Interview for Thought
Posted by: | CommentsSince I have been thinking about the economy today, here is an interview between Bill Moyers and a man named William Black, author of the book, The Best Way to Rob a Bank is to Own One. They talk about the role of fraud in our current economic crises and the apparent cover-up of the same.
Some of you may be into this video, while others, maybe not. I enjoyed it and thought it was pretty insightful.
Also, if you watch the interview, note that Black (in my opinion at least) is good evidence of the second half of the NASB’s translation of Proverbs 16:21,
The wise in heart will be called understanding, and sweetness of speech increases persuasiveness.
