load01 11/11/2011

• How a Financial Pro Lost His House - NYTimes.com

  ONE night a few years ago, when the value of our home had collapsed, our debt was out of control and my financial planning business was shaky, I went to take out the trash.
  BUCKS
  
  How Bubbles Affect Our Financial Behavior
  What do youthink about Carl Richards’s article about the short sale of his home in Las Vegas?
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  YOUR MONEY
  Which Way Home
  A collaboration between the Your Money staff of The New York Times and Marketplace Money, from American Public Media.
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  How the Richards Family Lost Its Home
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  Eric Thayer for The New York Times
  HARD-WON WISDOM Carl Richards, with his wife, Cori. He wrote a book based in part on lessons learned by losing his Las Vegas home in the housing crisis.
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  Patricia Wall/The New York Times
  There was this enormous window that looked right in on the kitchen table, and through it I could see my wife, Cori, and our four children eating dinner. It was dark outside, so they couldn’t see me, and I just stood there looking at them.
  
  After a while, I pulled up a bucket and I sat on it, just watching my children eat. I found myself wishing that I could get back there, connected to the simple ordinary stuff of my family’s life. And as I sat and watched, filled with longing and guilt, two questions kept arising:
  
  How did I get here?

  tags: economics

• Immigrant Entrepreneurs Succeed Without English - NYTimes.com

  More than 40 years after arriving in New York from Mexico uneducated and broke, Felix Sanchez de la Vega Guzman still can barely speak English. Ask him a question, and he will respond with a few halting phrases and an apologetic smile before shifting back to the comfort of Spanish.
  Related
  
  City Room: For an Immigrant, a Shrinking Business and a Maze of Obstacles (November 9, 2011)
  Times Topics: Immigration and Emigration | Entrepreneurship
  
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  Chang W. Lee/The New York Times
  Zhang Yulong, 39, has a $30-million-a-year cellphone accessories company.
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  Chang W. Lee/The New York Times
  Kim Ki Chol, 59, from South Korea, is a successful retailer, real estate investor and civic leader.
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  Yet Mr. Sanchez has lived the great American success story. He turned a business selling tortillas on the street into a $19 million food manufacturing empire that threaded together the Mexican diaspora from coast to coast and reached back into Mexico itself.

  tags: culture

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