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The Science News Cycle
Thanks to Jorge Cham for this comic on The Science News Cycle.
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Basic Laws of Human Stupidity
A nearly mathematical approach to human stupidity. There's a lot to agree with. I'm pretty sure the US Congress counts as almost entirely B2. Enjoy The Basic Laws of Human Stupidity by Carlo M. Cipolla.
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How David Beats Goliath
For god sakes David, do not play by Goliath's rules! Malcolm Gladwell writes about How David Beats Goliath in the current issue of The New Yorker.
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What's one hundred million dollars among friends?
Just read Obama's blog post on cutting one hundred million dollars from some government budgets. I think it's a great start. Now if only there was a logical place to cut billions of dollars of wasteful spending. Hmmm.....
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Counting sheep
Poor Randall can't sleep over at xkcd.com. (Be sure to hover over the image for the punchline.)
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I want you to apologize!
Yes, for me, that's one of the worst parts of our financial crises (that, and watching certain bankers laugh all the way to .... the bank). Peter Bregman opines in Harvard Business Publishing how and why we think I want you to apologize!. In the meantime I will not hold my breath for any apologies!
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The Quiet Coup
Great article from The Atlantic Online, entitled The Quiet Coup, regarding how the International Monetary Fund (IMF) solves banking crises in other countries and what needs to happen for a US solution.
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Fannie Mae / Freddie Mac bonuses
Hey you two, fair is fair. The recent AIG bonuses were crap and so are the Fannie Mae and Freddie Mac bonuses, these totaling $210 million. Would be nice to see Barnie Frank sing a different tune about those two as well.
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Eliot Spitzer on The Real AIG Scandal
Former New York governor Eliot Spitzer writes a guest piece at Slate entitled The Real AIG Scandal: It's not the bonuses. It's that AIG's counterparties are getting paid back in full..
The appearance that this was all an inside job is overwhelming. AIG was nothing more than a conduit for huge capital flows to the same old suspects, with no reason or explanation.
I'm still upset about the bonuses but I think I should heed Spitzer's point.
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More Failout: AIG retention plan
See "Some retention plan" by Chris Carey at BailoutSleuth:
Eleven American International Group Inc. employees who got "retention" bonuses of $1 million or more last week no longer work there, New York Attorney General Andrew Cuomo reported.
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