Money (Page 8)

Men have more trouble coping in a recession than women do. Could this be because testosterone makes them more miserly?

In New Scientist, Ewen Callaway quotes neuroeconomist Karen Redwine as saying, “Our broad conclusion is that testosterone causes men essentially to be stingy.” With team member Paul Zak, she gave a gel containing testosterone to 25 participants, which elevated their level of the male hormone to twice the normal amount, then gave them a test that revealed their level of generosity. They all also got a cream containing the female hormone oxytocin, which helps regulate childbirth (one of the ultimate examples of generosity).
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Because it makes them perform as if they’re WORTH IT! – Why are so many CEOS of big companies overpaid, when it’s clear that they?ve made a lot of wrong decisions? Maybe it’s a ploy to make them perform better, since just thinking about WORDS associated with money makes people more self-reliant and less inclined to help others?the perfect description of the ideal CEO! Just thinking about money (those bonuses they hope to get?) can even reduce physical pain. But there’s more to it than that…
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The current recession, along with corrupt business practices, caused the investment bank Lehman Brothers to go bankrupt. Seven years ago, after Lehman acquired Peabody Coal, a delegation of Navajo, Hopi and Lakota elders warned them about the spiritual consequences of mining coal on the Black Mesa, which is sacred to all three tribes.

In her internet blog counterpunch.com, Brenda Norrell quotes the Indians as saying, “Lehman Brothers, even though we are just a few here, we speak for the Creator, who is the majority. Therefore we demand you stop the Peabody coal mining and the slurry?
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For centuries, autumn has been the season for financial disaster. Modern practices of managing our credit system were supposed to have changed all that. But the panic of 2008 and the market crash of 1987 are possible signs that autumn may still be the weakest link in the financial chain.

Economist Judy L. Klein says, “There were financial crises or market crashes in the United States or Britain in the autumns of 1839, 1847, 1857, 1873, 1878, 1890, 1899, 1907, 1929, 1930 and 1932?In the early 20th century, autumn was the time for high rates of interest and margin calls.”
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