In other news..
Obama Says U.S. Had ‘Sufficient’ Information to Stop Bomb Plot OK, now we are talking. Some honesty..
Jan. 5 (Bloomberg) — President Barack Obama said U.S. intelligence services had “sufficient information” to stop the Dec. 25 attempted bombing of an airliner and failed to properly analyze and distribute the data.
Letter from Chicago: F A good read.. with this gem
The math/science majors meant that I was obligated to take humanities and other (non-science) course work. So I signed up for (amongst other courses) Economics 101. It took all of ten minutes into the first class for me to recoil in horror. I asked the prof: “What do you meant that humans are rational? That is obviously not true. How important is this idea to economics?” The response was, in hindsight, not a surprise: “It is the fundamental building block for all of economics. If you fight that underlying concept, if you do not provisionally accept that premise, you will not be able to understand what comes later.”
Hoenig: Reinstate Glass-Steagall About time.. but with a modern version of that act.
“Beginning to break them, to dismember them, is a fair thing to consider.”
-Federal Reserve Bank of Kansas City President Thomas Hoenig.
Manhattan Apartment Prices Fall as Finance Jobs Lost Not feeling so special? Aww..
Jan. 5 (Bloomberg) — Manhattan apartment prices fell for a third consecutive quarter as Wall Street job losses drained demand and the decline in co-op and condominium values reached 21 percent since the market peak.
Google Introduces Nexus One Handset to Take On IPhone Finally some real competition for the iPhone.
Iceland President Vetoes Icesave Compensation This what a head of state with balls looks like.
President Ólafur Ragnar Grímsson Tuesday cited massive public opposition in his decision to reject the bill, which was approved in late December by the Icelandic parliament after months of wrangling.
Through the Eyes of the Ultra Rich Can one become super rich through honesty?
Jonathan Dee delves into a Manhattan family’s rise to the super rich via morally questionable means in his new novel, “The Privileges”
6 Ways to Cut Gym Membership Costs Why do people pay for services that you never use, but which make you feel for buying them?
Banks Roll Out New Check, Card Fees You bailed them out, NOW BEND OVER!
The nation’s banks will be bombarding customers with new fees and products in 2010 as they try to replace more than $50 billion in revenue wiped out by new rules that clamp down on certain business practices.
What’s Holding Back the Recovery? What about JOBS that are STABLE? and what recovery?
For More Workers, Home Is Where the Office Is Polishing a Turd?
As we continue to dig ourselves out of the deepest recession since the Great Depression, many of us have lost corporate jobs. Others worry that layoffs are lurking. We’re taking on free-lance assignments, contract work and short-term projects — and getting them done in the extra bedroom, eat-in kitchen or spare corner in the utility room.
Personal Bankruptcy Filings Rising Fast The real economy is still in a tailspin.