The Gervais Principle, Or The Office According to “The Office” RibbonFarm
King’s Harvest works to keep homeless people with their pets QC Times
Computers Faster Only for 75 More Years Inside Science
Fitch Sees 60% of Current RMBS Borrowers Underwater Housing Wire
Blithe Blankfein Felix Salmon
Goldman Sachs 2009 bonuses to double 2008’s; $23 billion could send 460,000 to Harvard, buy insurance for 1.7 million families Raw Story and Capitalism: An Apathy Story Cindy Sheehan (hat tip reader John D)
Another Company May Leave Chamber of Commerce Over Extreme Position On Climate Change Huffington Post. This is finally starting to get some coverage.
Commentary: Credit Rating is a Case Study in Regulatory Reform Traders Magazine (hat tip reader Skippy)
Geithner Aides Reaped Millions Working for Banks, Hedge Funds Bloomberg
The rumours of the dollar’s death are much exaggerated Martin Wolf, Financial Times.
Here Be Chickens (And They’re Roosting!) Karl Denninger
Antidote du jour:
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Does it really cost $23 billion to send 460,000 to Harvard?
Socrates used to teach more or less for free. He would take goat milk, eggs, vegetables, hemp juice…whatever the students could afford.
Forget about endowments. Professors should first try to reform their own houses before trying to improve the world. They should refuse to teach where students graduate with millstones around their necks. Stop blame others. Look within.
Make that ‘Stop blaming…’
MLTPB! Nice to see you here and look forward to working with you on the WPA crew!
Two thoughts. Why dont we kill the worst fighter jet program of all time, the hideous Joint Strike Fighter, and give everyone in America enough cash to buy 4 big macs at mickie dees ? Also are you recycling your antidote du jours ? That rhino looks awfully familiar. Maybe his mother works at Goldman Sachs.
A great opinion piece by Zach Karabell – I’m a day or two late on this one
Relationship of US-China today versus Britain-US mid century
http://www.fundmymutualfund.com/2009/10/zachary-karabell-deficits-and-chinese.html
Re Billions and Billions an Billions and ….
I did read Yves Smith’s well put post the other day that obsessing upon executive compensation is a distraction, that it is to confuse symptom with disease, etc., and I thought that her case was better made than Niall Ferguson’s (appearing in the links a day or so earlier).
It’s distracting stories like this, I guess, that won’t qualm my desire – a suppressed need, perhaps – to slap somebody upside their head with a sock full of washers.
I caught Barbara Ehrenreich on Democracy Now (yesterday) promoting her newest book, a critique of the “Happy” and “positive” self-help cottage industries that put you at the center of all your problems. One of her points was too healthy: You shouldn’t always turn your anger and bitterness into something else, you should sometimes act on those emotions – they have their purpose.
So perhaps doing something to the thieving bastard whores at Goldman et al isn’t just obsessing on a symptom, but instead is lancing a pus-filled cyst: The disease, and the symptom, are so closely proximate that disinfection requires repudiation. Those shits will do nothing different until money is taken from them, and nothing in the way of significant financial reform will come about until their livelihoods are threatened.
Gaithner’s buddies …
Well f..k me and the rest of us as well. Could be that I’m just a bit grumpy after spending the day installing cabinets at the farmhouse I’ve been helping remodel when not tending the vineyard. Could be I’m just a bit peeved that I learned today our health insurance premiums are going up, but neither me nor my wife got raises this year. Could be I’m sad for my oldest son who graduated from college in May and still hasn’t found a full time job, and his part time gig ran out when the fiscal year turned over October 1st.
Could be I don’t get why you can spit on some people and they will tell you it must be raining …