What is the fastest dying industry in America?

What is the fastest dying industry in America?

No BS Weekly Update 3/19/2012

In This Issue

Looking in the Mirror

Cool Stuff

Secret Lives of Links

Good Eats

QOTD

"An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today." -Laurence J. Peter (1919 - 1988)

Dear ,

What is the fastest dying industry in America?

Ran across an article this week that I found interesting.

(Click to read article)

The fastest dying industry in America is print journalism and newspapers in particular. I'm sure we've all seen or local papers shrink over the last 10 years. We have some groups like MLive that are doing some cool things to embrace the shift but I'm afraid there will be many that simply fall by the wayside.

How has this shift changed the way you get your news? A little, a lot? In our household technology has changed the way we gather news in a rather major way. Instead of being spoon fed the news from the three major networks like it was in the old days, today we can have any news we want from around the world in an instant.

We have become true consumers of news. We now have free news clipping services. I don't care how obscure your interests, you can enter a subject into a news clipping service (Google offers a free one) and receive all news articles from around the world on that subject each day, delivered right to your email inbox, free of charge. Pretty amazing.

Now let's take it one step farther. In what other ways has technology totally changed whole industries? How about the old Trip Tics we used to get from AAA? Don't know if they still offer them but there can't be a very big demand for them anymore when for a $100 or so you can have a GPS device that actually talks to you and tells you when to turn. (Want to have some fun? Go in and switch the language settings. My wife was heading to Detroit one day and I switched the setting to Mandarin Chinese. She didn't really see the humor in it. LOL)

Another example would be the announcement this week that the Encyclopedia Britannica would no longer have a print edition of their encyclopedias. I remember as a kid having to go to the library to do research reports for school. Now you just go to your computer and it is all right there, in the comfort of your own home.

So where am I going with this?

I think we are still in the infancy of this technological revolution. The next APPLE or Microsoft is out there waiting to be discovered. The next Facebook or Pinterest. There are companies out there that we've never heard of doing things that we never imagined. All we need to do is find them.

It takes a team effort!

That's where I need your help folks. We all have different areas of expertise and interests. As you run across companies in your particular areas of interest that make you really say "Wow", please bring those companies to our attention. By working together we can be much more effective in searching out new and unique opportunities. When you find a company of interest please send me an email at

preames@reamesfinancial.com.

Until next week , Protect Your Wealth!

Sincerely,

Germany Fails To Meet Its Own Austerity Goals(Der Spiegel)

RF: Not really seeing this reported much in the U.S. Guess they don't want to disturb the narrative that Europe has been saved. Germany is having trouble now. That's right, the country that everyone was looking to to save Europe is starting to struggle. Keep an eye out in the U.S. media for this story.

Spain Has 'Worse Problems Than Greece': Analyst(CNBC)

RF: Europe, the continent that keeps on giving.

Four large US banks fail stress tests(AFP)

RF: Wow, this is huge. 4 of the top 19 banks failed the most recent stress test. The one that I find relaly interesting is Ally bank. For those of you that don't know, Ally Bank used to be GMAC. They got bailed out in the crash and changed their name. I hear their ads on the radio all of the time. They offer rates that are usually higher than anyone else to try to get business. And now we can see the results of that policy. Nothing has changed!

Washington Post: Banks Use Government Loans to Repay TARP(Moneynews)

RF: You're going to love this one. The government continues to make the claim that they have made a profit on the money loaned to banks under TARP. Not all of the banks have paid the principal and interest back yet but enough have that the government claims a profit on the program. Now we find that according to this article in the Washington Post, many of these banks paid the TARP loans back with money that they borrowed from other government programs that don't all under TARP! Some profit!

Laughter

DownDaily 9-22-2011

( www.chartoftheday.com )

Growth

Michael Jordan 's Wisdom (Rare Interviews)

Dare to take the mystery link challenge?

We can't be held responsible for the time you waste or the knowledge you gain by clicking this link!

CLICK HERE IF YOU DARE!

It was a gorgeous weekend and so like many of you we had to do a little something on the grill. Here is a simple way to do grilled vegatables. You will need a jar of Christopher Ranch Pesto which you can get at Meijer. It's in the produce section. If you want to see what you are looking for go here. www.christopherranch.com.

I use it in a 3 to 1 ratio. One teaspoon of pesto to 3 teaspoons of olive oil. Simply cut up your favorite veggies. As you can see I used a couple of different colored peppers, some asparagrass, red onion, and muschrooms. Put them in a gallon zip lock bag. Pour in the pesto and oil. Mix it around so the veggies are well coated and then put them on the grill! Coook to your desired tenderness. Salt and pepper to taste and they are ready to serve!

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