It's probably the worst jobs market since the Great Depression. The Obama administration continues to buy into the Geithner/Summers/Wall Street view of the world which puts Wall Street above everyone else at the expense of everyone else. Americans are generous people who grudgingly accepted the bailout to prevent an even worse economic failure but enough is enough. The greed and the acceptance of that greed - regardless of words - by the White House is wearing thin as Americans wait for the upside to the bailout. All pain and no gain can only be tolerated for so long. Meanwhile the 17.5% and their friends and family look at the outrageous bonuses that are being lined up and wonder how it can be possible. Full story...
The only surprise is that it's taken so long to come to this conclusion. California is on the right side, again.
Earlier this week Goldman was ripped for creating a $500 million fund to help small businesses. Many complained that this represented just a few percent of their profits.
Dropping under 50% isn't the worst thing in the world to happen. The big change seems to be on the issue of the economy and the health care fight.
There's a reason why The Strokes were at the top of the NME Top 50 list.
Noooooooo! If you can find a fresh pumpkin, it's amazingly easy to prepare it for pie filling and it will taste better than the can.
It wasn't long ago that people thought this fish had been extinct for 80 million years. The fish is living in Indonesian waters and it's not alone.
This picture is much better blown up, but still, I like it - it was the view from the conference room where we had my panel discussion today about the blogs and their influence, and it's got a bit of a futureworld meets old Europe - which is very much Barcelona, and this conference (Personal Democracy Forum - Europe).
I've been wondering how long it would take before shareholders turned on the excessive costs of payouts.
John met someone promoting equality for the new EU cabinet but as I mentioned earlier, we need to do much better with promoting women.
Hallelujah.
Fisher suggested the only way of ensuring that such financial giants do not pose recurrent problems is by making them smaller.
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