CNBC Beware
The WSJ made a giant leap forward today with some professionals shooting/editing its video clips. It’s got a hot hostess too: Kelly Evans. Now let’s see how readers respond.
Some Rare Straight Talk
From Josephe Stiglitz:
The Biggest Swindle of the Century
And the biggest story of the century, from Bernie’s shoes, boat to his finger nails…
AR
The birth of a hedge fund magazine…
Bear And Bull Arm Wrestling
At crossroads, or an illusion?
The Hangover
The better the party, the worse the hangover. The pain is only starting…
Quote of the Day
“There are cases where people who failed can suddenly make a go of it. In the U.S., you can get your second or third chance. In business school, we say that’s one of the virtues of this country.”
– Richard Sylla, economic and financial historian at New York University’s Stern School of Business, commenting on UBS former banker John Costas and Michael Hutchins starting a new bank after losing $3 billion in their previous venture Dillon Read Capital Management.
Chuck Prince?
Chuck Prince is talking about tightening control on derivatives and bank regulation. Wow, everyone old comes back new again.
Debate On Energy Trading Limits
John Arnold announced his opposition on the issue, in an argument that’s too familiar to many of us. Glass-Steagall will drive banks to foreign countries; more regulation will force institutions to find other loopholes, etc…
China-US Strategic & Economic Dialogue
Chinese media seems to give this dialogue much more attention than their counterpart in the U.S. Why? Media coverage is a reflection of the public’s interests, and at least now, the American people are still living in their own dream world while the Chinese are looking outward to redefine their identity.
