Archive for the 'greed' Category

Dec 31 2008

Burris:

Blago’s selection of Roland Burris as the new Senator from Illinois is an interesting pick, mostly from the direction of Blago deciding to stir the pot in a reaction against the Feds and everyone railing in the press and whatnot against him.

Roland Burris until this weekend had become a has-been in Illinois politics; he got [...]

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Dec 29 2008

What-me-regulate?

Under Bush, OSHA backed off regulating business in a major way, because business might not like for them to support worker safety…and OSHA paid more  GOP-related consultants for doing little.
In 2006, Henshaw was replaced by Edwin G. Foulke Jr., a South Carolina lawyer and former Bush fundraiser who spent years defending companies cited by OSHA [...]

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Dec 27 2008

That might be flashy, but there’s far worse:

From Dick Meyer at NPR on Blago and Made-off:
As audacious as Blagojevich’s political gluttony is, it is easy to find far worse political corruption, much of it perfectly legal: Distorting intelligence to invade Iraq, torturing prisoners, failure to regulate Wall Street, and systematic pork-barrel boondoggling come quickly to mind. If you’re feeling expansive, how about [...]

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Dec 24 2008

It catches up with you:

Hedge Fund founder who lost a serious bundle in the Madoff ponzi scheme commits suicide, and no, he didn’t jump out a window.
The radical Israeli settlers in the West Bank are a political nightmare that any government will have serious problems with and neither main party coalition wants to deal with.  Of course, government policies [...]

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Dec 23 2008

Surprises-not #6:

Lobbyists are gnashing their teeth and rending their garments; what are they to do without having a ready-made place to grease palms now that Ted Stevens is leaving the Senate?

To maintain an open line to Mr. Stevens, the association hired Ms. Sutherland, who left Mr. Stevens not long after delivering those warnings to open her [...]

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Dec 23 2008

Surprises-not #5:

Craft stores and online stores that sell handmade stuff are doing well as cheap gift-things with the recession.  Me, I’m worthless at handmade gifts, unless you make ‘em on a computer.
People (and primates) will believe lies and deceive each other far more than dolphins will. I say we elect dolphins.
Yes, the non-US based [...]

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Dec 23 2008

Semi-legal pimping out:

Saudi man needs money, and essentially sells off his eight-year-old daughter for $5000 for marriage to a 58-year-old-guy.  Horrified mom takes it to court.  Court sides with the dad, and says the kid can make the decision to go for a divorce - when she’s older.   Like puberty.

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Dec 23 2008

Do the Right Thing for a change…

A commercial real estate attorney speaks up:
Suddenly, and coinciding with the Lehman/Goldman fiasco, the commercial lending markets completely disappeared. Not just a slow down, but a complete and total shut down. Loans for which there were commitments were suddenly pulled. Term loans (most in the development world are for 1-2 years at a time) were [...]

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Dec 15 2008

House of Saddam:

HBO production and presently running on that network.  My take on it is that it’s a once-funny;  I have a hard time watching gangster movies because I really don’t get off on people beating and killing each other, especially if the people involved doing the beating are serious scum.   This is SOPRANOS GO BAGHDAD; [...]

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Dec 15 2008

Surprises-not:

No more Polaroid film.  Digital’s killed it.
Whole Paycheck Foods is having problems, and people are going for store generics everywhere in grocery stores.
Mark Penn can’t imagine how he hurt the Clinton campaign for President.
China is having serious upsets and problems due to the recession elsewhere; if nobody buys the stuff you make, [...]

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Dec 13 2008

Can’t be my fault, must be yours:

Zimbabwe is a complex subject, and the complexities have gotten a whole lot rougher on the inhabitants as time passes by.   Europeans under Cecil Rhodes marched in in the ned of the 1800s and took control of the land from the local chiefs, and passed out all sorts of claims to white settlers, who set [...]

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Dec 10 2008

Blago in chains or Merry Fitzmas:

Well, if you’d never heard of our Governor before, you have now.    My reflections on this inside.

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Nov 26 2008

So what to do to a Citi?

Some folks have mentioned privately to an earlier post that the idea of putting strings on a bank deal is a bit much.   And that there has to be other things that could be done to make them behave better.
Well, yes, in a couple of months, when a grownup who won’t be afraid of going [...]

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Nov 26 2008

I agree with Hilzoy:

If some particular division of Citi has done well over the past few years, I can see letting the management of that division stay on. But the people who either ran Citi into the ground or were asleep at the wheel need to go. That should be the condition of a bailout: if you turn [...]

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Nov 22 2008

More businessy:

Kosher meat production in the US has been hit - 65% drop in supply of beef.  Part is due to a fire, most is due  to a big processor in Iowa’s problems with raids on the plant by the Feds for employing tons of illegal immigrants, etc.
The skyrocketing IT presence in Bangalore, India is honking [...]

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