Bloomberg taught us an important lesson in contingencies this past week. Bloomberg mistakenly reported the death of Apple chairman Steve Jobs and quickly published a 17 page summation of Steve Jobs’ life work.
All self-respecting newspapers and media companies have pre-written articles to quickly respond to expected and un-expected events. World leader biographies are all constantly updated should there be a need to quickly publish them.
Contingencies are extremely important in everyday life as well. We buy insurance, save money and have emergency funds but we also need to have a plan b and c ready for tougher or better times. Think about it…
Interesting articles from past week’s papers include:
- Dividends Still Make a Difference @ NY Times – Dividend paying stocks still prove to be a more solid investment.
- Still Bleeding @ The Economist – Fannie, Freddie and Lehman ensure August is anything but quiet
From the Carnivals:
Carnival of Twenty Something Finances @ Living Almost Large:
- Introduction to Lazy Portfolios @ Blueprint for Financial Prosperity
- Why I won’t save an emergency fund @ I Pick Up Pennies
Carnival of Personal Finance #167 @ Broke Grad Student:
- Financial Tips for Students Entering College. @ Consumerism Commentary
- Famous and Not so Famous Songs and How They Relate to Finance @ The Financial Blogger
More from fellow personal finance bloggers:
- A Simple System To Keep Financial Records @ The Digerati Life
- Reading Greek @ Moment On Money
- 12th Finance Fiesta: Baseball Edition @ Living Almost Large