Tag Archives: United States

Can semantics save mandatory health insurance?

If this weren’t such a deadly serious issue — and one fraught with such danger down the road — I’d be getting a huge giggle out of the way mandatory health care is twisting on the spit of hairsplitting definitions. … Continue reading

Posted in business, Health care | Tagged , , , , , , , , , , | 12 Comments

Wall Street's Recovery — I begrudge them, but I'm glad

So life’s not fair, we knew that. Droves of working class folks and hopeful college grads still hanker for elusive jobs. Many retirement accounts are still in the tank. The climate’s still changing, Deepwater Horizon is still gushing, most of … Continue reading

Posted in business, Uncategorized | Tagged , , , , , , , , , , , | 9 Comments

CEO Pay: 'But Johnny's daddy raised his allowance!'

Never mind that Johnny got straight A’s and you even flunked gym. Never mind that Johnny takes out the garbage while you blast your rap music at 2 AM. You’ve decided Johnny is your “peer,” and what he gets, you … Continue reading

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Financial Reform: Don't let the perfect be the enemy of the good

I’m looking at the many facets of the financial reform bill that Chris Dodd, chairman of the Senate Banking Committee, will unveil on Monday. And I’m wincing at the compromises, and gagging at some of the wrong-headed aspects. But I … Continue reading

Posted in business, politics, Wall Street | Tagged , , , , , , , , , | 9 Comments

Goldman defends itself — or at least, tries to

Apparently, the big New York Times piece on the relationship between Goldman and AIG (okay, I’m self-serving — I’ll link you to my blog piece on it) has really struck a cord at Goldman. It has posted an item-by-item response … Continue reading

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Is Ben Nelson the Senate's Lloyd Blankfein?

Talk about physician heal thyself! I mean, all of Washington has been up in arms against greed and selfishness in corporate America, right? Liberals want to narrow the income gap between fat cats and mangy mutts, redistribute wealth, and perhaps … Continue reading

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And yet more proof that retention bonuses are stupid

There’s an excellent piece in the NYTimes chronicling the many times Citigroup has risen and fallen over the last decade. I do remember, in fact, when Sandy Weill, head of Travelers (which many of you may not realize actually evolved … Continue reading

Posted in business, Wall Street | Tagged , , , , , , , , , , , | 14 Comments

Disloyal customers — great news for Detroit

There’s a piece in today’s New York Times bemoaning — at least I think it was bemoaning — the death of loyalty among car buyers.  Twenty years ago, you traded in your chevy for another chevy, and so forth.  Today, not … Continue reading

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The compensation wars: Some battles won, still more to fight

This has been a day of mixed blessings when it comes to braking runaway compensation. On the wow-how-great side: Ken Feinberg has ruled — and boy, has he ruled right. Top execs at Citigroup, AIG, BofA, GM and Chrysler — … Continue reading

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Hookers can't be green? Such cynicism!

I don’t know what’s more hilarious — Steven Levitt’s posting on the Freakonomics blog telling of a German brothel that is giving a discount to folks who arrived by bike or public transportation — or the analysis of it, and … Continue reading

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