“Perhaps because of the uncertain economic climate, companies are especially reluctant to spend money. Here’s a chart, from the director of Credit Suisse’s economics group, Dana Saporta, showing the ratio of cash assets to total assets at American businesses:”
[via The Economix Blog]
“In secular culture, pleasure is widely regarded as the supreme value, the goal for which one lives, and the justification for one’s labors. Although religions through the centuries have protested against pleasure as a distraction from spiritual goals, the voice of religion is now hesitant and ineffective, and pressure from consumer culture goes largely unresisted. But what exactly is pleasure?”
[via The Enterprise Blog]
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