| Creative Destruction: The Words of the Prophet
Thomas K. McCraw is the Isidor Straus Professor of Business History, Emeritus at Harvard Business School. His book Prophets of Regulation: Charles Francis Adams, Luis D. Brandeis, James M. Landis, Alfred E. Kahn won both the Pulitzer Prize for history and the Thomas Newcomen Award, which is given for the best book on the history of business published over a three-year period. McCraw is the author of a remarkable new book, Prophet of Innovation: Joseph Schumpeter and Creative Destruction. McCraw recently spoke with TCS editor Nick Schulz about Schumpeter's life and work. Nick Schulz: Thomas McCraw, thanks for joining us today. In your book you write that "Schumpeter believed that the world could fully benefit from capitalism only if people understood how it works." Did he overstate the case here? For example, people benefit from all sorts of technologies without understanding how they work.
BBB Urges to Know the Facts about Reverse Mortgages
Raleigh, NC, May 30, 2007 --(PR.com)-- Beverly Baskin, president and CEO of the Better Business Bureau of Eastern North Carolina, advises long-term homeowners with equity built from homeownership, that a reverse mortgage can be a good investment. Reverse mortgages allow homeowners to turn their home equity into spendable cash without having to make monthly interest or principal payments.Under a reverse mortgage, the lender sends the borrower money via a lump-sum payment, a line-of-credit, monthly check or a combination of all three. The homeowner is not required to pay back any of the loan advances or interest until the loan term is over. Generally, no repayment is due until the borrower no longer occupies the house.Before venturing into a reverse mortgage the BBB, along with the Federal Trade Commission, suggest that homeowners consider the following facts:Reverse mortgages are rising-debt loans.
Establish or Repair Credit with A Secured Credit Card
There are a few key things that you should never mess up in life. If youre an immigrant, then you should never mess up you immigration status. When youre young and few things are more important than your freedom, then you dont want to do anything that can result in your driver license getting suspended or revoked. And, of course, if you were not born into a very rich family, then you really dont want to mess up your credit rating. Thankfully, for those who make one or more credit-related mistakes, there are ways to mend a damaged credit history, like acquiring a secured credit card. With secured credit cards, your credit line is determined by the amount of money that you use to secure the card. Generally speaking, your credit line will range from 50% to 100% of the amount of money you deposit into a special savings account setup by the secured credit card company.
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