The NFL will announce new rules to protect football players who show "significant signs of concussion," including barring them from further play or practice for the rest of the day. We talk with Gary Belsky, editor in chief of ESPN the Magazine, about whether this change will make a dent in the injury rates for players.
As Treasury Department officials pore over the books of GM and Chrysler, what do they make of the millions of dollars the auto makers spend on NASCAR? Is it worthwhile marketing? Does NASCAR success translate to bottom-line profit? To answer some of these questions we turn to Gary Belsky, editor-in-chief of ESPN The Magazine.
Tomorrow, government officials will reveal the results of so-called "stress tests" conducted on the nation's largest banks. The tests analyzed the banks’ finances to see how they would hold up in a deep recession. In anticipation of the results, we invited two of our listeners to come on the show to undergo their very own financial stress tests with Gary Belsky, author of Why Smart People Make Big Money Mistakes and How to Correct Them. He’ll make some recommendations on the best ways to make sure they keep their heads above water, no matter what happens with the economy.
"You don't want to carry credit card balances, but it's awfully good to have credit cards around in case you do get into trouble." —Author Gary Belsky on tips for economic stress
Why do so many otherwise rational individuals make irrational decisions when it comes to money? Why do shoppers overspend when using credit cards, but manage to stay in a budget when they use cash? And why would a person walk five blocks to save $10 on a $20 purchase, but not on a $1,000 suit?
"Our brains evolved to make decisions on the savannah or in a jungle. And a lot of the decisions we have to make as adults in a modern world aren't necessarily applicable to what we might have made 10,000 years ago. The decisions aren't crazy; they are simply obsolete."
--Gary Belsky on irrational spending behaviors