In response to:

Culture Challenge of the Week: Money Troubles

Texas Red Wrote: Oct 11, 2012 6:21 AM
DO YOU REMEMBER JANUARY 3, 2007? I’ve been saying this for years, but this email probably explains it better and more clearly. This is NOT a political message, but rather a clarification to remind us all of the correct facts. Remember that on October 9, 2007, 11 months before our “economic crisis” occurred (that was actually created), the Dow hit its highest point ever, closing at 14,164.53 and reaching 14,198.10 intra-day level 2 days later. Unemployment was steady at 4.7%. But things were already being put in place to create the havoc we’ve all been experiencing since then. And it all started, as this email explains, on January 3, 2007. --LFL I'm sending this to each of you regardless of your party preferences because I believe it

“Mom, can I borrow some money?”

Every parent has heard this question from a son or daughter---perhaps many times.

How do you answer it?

Typically, a child or teen who wants to borrow money follows up on the request with an immediate list of reasons why he or she needs the money now, and why it makes sense for you to hand it over.

An adult son or daughter may take a more mature approach, following up with sophisticated explanations of need, reassurances about repayment, and logical points about why it makes sense for him or...