“The only similarities between cats and the TARP recipient banks are the fact that we all possess several lives and survive falls that we should not have been able to.”
Dear Class of 2010, Here Are Your Job Options
To those of you who will be graduating next spring, use these five industries as your starting point for locating job opportunities. The upside for those engaged in bankruptcy, union labor, regulation, lobbying and big government will be nothing short of staggering.
New York Makes "Most Unequal" Cities List
I was very unsurprised to see New York and its surrounding suburbs make the Forbes list of the 10 Most Unequal Cities.
Big Business and Big Government: Let the Apathy Olympics Begin!
Nothing that Obama has proposed, that Geithner has enacted or that Krugman has cheerleaded has meant a damn thing for small businesses in the US.
Fiddling With Climate Change and Healthcare While Rome Burns
Dear President Obama, I did not vote for you last November as I’m not a “joiner” and faux-grassroots movements make me cringe (remember the Ross Perot scare of the late 80’s?). I doubt you will read this as it most certainly will not make Rahm Emanuel’s list of approved reading materials. On the off-chance that…
Stimulus Was Meaningless For Jobs
The good professor has brought back an old chart that Obama’s econ team used to justify the stimulus package earlier this year and annotated it (in red) to illustrate how far the reality deviated from the projections. From Greg Mankiw’s Blog: When the Obama stimulus plan was proposed, the president’s economic team put out a…
Hot Links: Buffett vs HFT, Denninger vs Kneale, Iran vs Everyone
Stuff I’m Reading this Morning… Warren Buffett and Vanguard’s Jack Bogle come out against High Frequency Trading. (ZeroHedge) Consumers deleveraging big time. Not sure why this didn’t get more attention when announced yesterday, big story. (FTAlphaville) Iran is getting close to a big nuclear breakthrough…maybe Obama should have lunch with them or something, maybe a…
Fighting Recession With More Debt
This one will take you a second, but it’s very apropos of our current administration’s recession-fighting strategy. Sources: Cagle.com
Obama's Ted Kennedy Eulogy
Full Transcript: President Obama’s Senator Kennedy Eulogy (TPM) Props to Wordle
Larry Summers' "To Do" List
Today, President Barack Obama announced his reappointment of Federal Reserve Chairman Benjamin Bernanke to another term. Economic advisor Larry Summers, whom many had speculated would be Bernanke’s replacement, must not have taken the news well. The following To Do List was found in a trash can on Pennsylvania Avenue… Read Also: Lucan Van Praag’s “To…