September 2011
92 posts
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Which name seems more appropriate?
Rich Bagger: Chief of Staff to New Jersey Governor Chris Christie
Anthony Bologna (“Tony Baloney”): NYPD officer who pepper-sprayed innocent protesters
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What's behind the scorn for the Wall Street... →
Attention: Reading this is a good use of your time.
ryking:
Glenn Greenwald refutes — with scorn — criticism of Occupy Wall Street from certain progressives.
[M]uch of this progressive criticism consists of relatively (ostensibly) well-intentioned tactical and organizational critiques of the protests: there wasn’t a clear unified message; it lacked a coherent media strategy; the neo-hippie...
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“The economics of offering a debit card have changed with recent regulations.”
– Bank of America spokeswoman, reacting to the bank’s plan to charge customers $5 per month for the privilege of accessing their own money.
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“Research has shown that startups, especially high growth startups, are the keys...”
– Overcoming the Gender Gap: Women Entrepreneurs as Economic Drivers (.pdf)
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Do the Rich Really Make All the Jobs? →
Kane’s research suggests a pretty shocking reality: brand-new start-ups drive just about all job growth in the U.S. They’re responsible for about 3 million new jobs a year, while older companies (including even companies that are just two or three years old) are basically net job destroyers.
“The thing that blew me away was the job creation curve,” Kane said.
We might expect that firms would...
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Flying to Memphis, which I’ve learned is a town in someplace called Tennessee.
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Google News offers new tagging capability →
Every day, news organizations and journalists around the world dedicate significant time and resources toward some of the most critical types of coverage: exceptional original reporting, deep investigative work, scoops and exclusives, and various special projects that quite clearly stand out. [Saturday], during a Google News workshop at the Online News Association conference in Boston, we...
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“We are watching the beginnings of the defiant self-assertion of a new generation...”
– David Graeber at the Guardian, in the best piece I’ve read yet on Occupy Wall Street (via judyxberman)
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Banks are essential to an economy. Their proper role is to facilitate commerce. Today, banks do facilitate commerce, but they also do a lot of other things that, entirely by design, enrich few at a great cost to many.
This isn’t particularly new. But now regular folks who don’t work in this ridiculous field are learning more about its design, which is no longer limited to...
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hipsterlibertarian:
The cool folks at DC Decoder are rounding up short sets of questions/expectations/hopes for the next GOP debate from a handful of political bloggers on tumblr. I’m not totally sure what the end goal is, but it sounds like a sweet idea. They were kind enough to ask me to participate, and these are the questions I submitted:
If you support a strong defense, do you want to...
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bohemian slapfight: I am not Troy Davis. →
littleorphanammo:
On the one hand I think it’s interesting and hopeful that white people (because POC don’t need another lesson) are personally identifying with the horrific injustice of Mr. Davis’ case, and that they are mobilizing. That they are recognizing how racially unequal the justice and prison system is,…
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Eight ways to catch a rogue trader →
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ONE TROY DAVIS FLAME-BROILED, PLEASE
azspot:
I just do not get the misanthropy of Ann Coulter — it one thing to be a fervent believer in the death penalty (though I do not understand Christians who brand themselves “pro-life” advocating for it), but this is just spurting of pure hatred.
And, more troubling, is the presence of a large number of fans, that put her on the bestseller lists, and amongst them many who call themselves...
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Davis's lawyer says there's no stay of execution,...
socialistictendencies:
So there’s a bit of good news.
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Breaking: SCOTUS has issued a stay of execution...
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“The recantation of nearly all the witnesses in the case should give even the...”
– Loop21 (via newwavefeminism)
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saythatscool answered your question: Anyone want to disagree with this? The governor doesn’t want to. The parole board wants to. The governor doesn’t have clemency powers in tn that state.
Reposting for the clarity. Sometimes facts are hard.
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Full text of Fed statement that announced $400b of... →
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“First, the 4.3 unemployed per job opening is limited to the 14 million U3...”
– 11 Reasons Why the Unemployment Crisis Is Even Worse Than You Think | | AlterNet (via greaterthanlapsed)
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News release: Dep't of Labor to Crack Down on Wage... →
Cue conservative outrage in five, four, three, two, …
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This explains so, so much
“People close to the campaign, who spoke on condition of anonymity, said Mrs. Bachmann is often influenced by the last person she speaks with on an issue rather than maintaining discipline in communicating a message.” — The New York Times
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Of note: The mainstream business and financial media is doing its diligence today and covering the Wall Street protests.
Wall Street Journal: Protest Closes Off Wall Street Roads
Washington Post: Wall Street protesters won’t leave financial avenue
Bloomberg: Wall Street Protesters Converge in Lower Manhattan
ABC News: Wall St. Protesters Say They’re Settled In
Forbes: Protesters...
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Spitting irony of the day: UBS, the firm which recently disclosed a spectacular $2b loss on the books of a single trader, today pulled out of the global banking conference in Toronto known as SIBOS.
An operations executive from the firm was scheduled to give a presentation on settlement risk management. But one trader at the firm allegedly used his knowledge of UBS’s back-office...
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I’m probably the only one on here who can tolerate Jim Cramer, aren’t I?
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As an MSNBC Host, Sharpton Is a Hybrid Like No... →
His recent venture into television has attracted the expected condemnations — all of which have missed how unusual MSNBC’s decision really was.
Many polarizing former office holders — Sarah Palin, Eliot L. Spitzer — have been given TV platforms, but Mr. Sharpton is not a former anything. He remains an activist: he is planning to march on Washington next month to call for jobs (an event he...
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“It’s his vision and not a legislative compromise being crafted to garner...”
– Unnamed White House official, describing President Obama’s deficit plan. The numbers: “$1.2 trillion in discretionary cuts that were already enacted in the Budget Control Act passed by Congress; $580 billion in cuts and reforms across all mandatory programs; $1.1 trillion in savings from...
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Tea Partiers: Light Rail is an Invitation to Al... →
The citizens of Cobb County, Georgia are currently mulling a proposal that would increase property taxes for 10 years in order to fund a new light rail line between Atlanta to its suburbs. It’s a fairly straightforward proposal, the kind of thing that pops up all the time in communities across the country.
But if there’s been one lesson of the past few years, it’s that mundane policy debates...
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“We’ve spent hundreds of billions of dollars on war over the last 10 years at the...”
– Jim Steyer, co-founder of the new nonprofit Center for the Next Generation, quoted in Hedge Fund Chief Takes Major Role in Philanthropy - NYTimes.com (via tartantambourine)
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“The thing is, it’s very hard to go through the fail-safes by error. The only way...”
– Fred Ponzo, a former trader at Societe Generale and capital markets adviser at Greyspark Partners in London, on the rogue trader at UBS who made spectacularly bad bets that cost the firm $2 billion. Read more at Rogue Trader Recap: What We Know So Far.
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“It all hits at the groups that had higher turnout and higher registration in...”
– Judith Browne-Dianis, a civil rights lawyer at the Advancement Project, which has been tracking new voting regulations being introduced at the state level by GOP leaders. One such scheme would divide up electoral college votes by Congressional districts.
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If It Feels Right ... →
When asked to describe a moral dilemma they had faced, two-thirds of the young people either couldn’t answer the question or described problems that are not moral at all, like whether they could afford to rent a certain apartment or whether they had enough quarters to feed the meter at a parking spot.
“Not many of them have previously given much or any thought to many of the kinds of questions...
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