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pizza.com Sold For $2.6m
f8d noted a beeb bit on the fact that the pizza.com domain name was sold for a ridiculous 2.6m bucks. Can there be a bubble and a recession at the same time, or do the two cancel each other out like Penn & Teller?
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A recession and a bubble at the same time? Of course. When oil and bank corps, and the people who own & run them are bathing in record profits (above the records set every year for the past decade and a half, above the records set every year except maybe one or two of every twenty for the past few centuries), but literally millions of people are getting their homes foreclosed, millions more are always 6 weeks paychecks from losing their homes, income has shrunk over the past 25 years while prices have doubled, tripled or more (especially oil/gas prices and bank fees)...
Of course there's a recession and a bubble possible. Where do you think that bubble money comes from? And do you think that when it pops, everyone loses their shirt? Or maybe the rich people who run the country (*cough* Bear Stearns *cough*) will never see any real risk, while the poor are as free as the rich to sleep under a bridge.
The biggest lie about "the economy" is that it's "the" economy. There are separate economies for the rich and everyone else, shunted and fed back into each other separately. Except the rich economy has a siphon into the other economy.
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make install -not war
When I'm traveling for business I couldn't care what pizza place I get so long as they deliver to my hotel. If pizza.com had a standard order form for all the local pizza places (just enter an address and it'll give a map or something) then I'd be quite happy to pay them a $0.50 or $1.00 convenience fee. Maybe I'm an isolated case (traveling for work is a weird venture), but there are business models here.