The media is having a field day with the market decline. People who wouldn't normally be interested are watching CNBC or Bloomberg TV and reading the business section. If you are making predictions of Dow 2000 or Dow 1000 you will get on TV or quoted in the newspaper. Now there is also a big incentive to call the bottom of the market. The person who randomly picks the bottom will become famous but many who follow the predictions of bottom pickers will get nothing but losses. There is an old Wall Street saying that goes: "Don't pick your nose and don't pick bottoms."
There are a number of environemntal, political and financial problems in the world that its most resourceful, patient and intelligent people should address. Luckily, many of these people are on the case, as was evident at the 2008 Pop!Tech conference.
There were a number of suggestions the speakers at the 2008 Pop!Tech Conference gave the audience about leading a more socially- and environmentally-conscious life. Here are six particularly surprising ones:
If you give American kids a tough math problem to solve and tell them they have fifteen minutes to solve it, they will give up on it after two, Chinese kids will still be working on it after the 15 minutes have passed. -Malcolm Gladwell