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On Leonard Lopate: Listen to Benjamin Anastas discuss “Mammon from Heaven: The prosperity gospel in recession” (subs) from the March 2010 Harper’s Magazine.
The question everyone should be asking, as one bailout recipient after another posts massive profits– Goldman reported $13.4 billion in profits last year, after paying out that $16.2 billion in bonuses and compensation– is this: In an economy as horrible as ours, with every factory town between New York and Los Angeles looking like those hollowed-out ghost ships we see on History Channel documentaries like Shipwrecks of the Great Lakes, where in the hell did Wall Street’s eye-popping profits come from, exactly? Did Goldman go from bailout city to $13.4 billion in the black because, as Blankfein suggests, its “performance” was just that awesome? A year and a half after they were minutes away from bankruptcy, how are these assholes not only back on their feet again, but hauling in bonuses at the same rate they were during the bubble? The answer to that question is basically twofold: They raped the taxpayer, and they raped their clients. –“Wall Street’s Bailout Hustle,” Matt Taibbi, Rolling Stone via CommonDreams
In short supply: jobs
and health care;
in abundance: Lady Gaga, thanks to social media;
related: Washington Post describes how a Harper’s Magazine piece (free) is better than a few zillion dollars of official intelligence
Hundreds of millions of dollars have been spent funding transparency projects around the globe. That money doesn’t come from the sky. The question isn’t whether some transparency is better than none; it’s whether transparency is really the best way to spend these resources, whether they would have a bigger impact if spent someplace else. I tend to think they would. All this money has been spent with the goal of getting a straight answer, not of doing anything about it. Without enforcement power, the most readable database in the world won’t accomplish much— even if it’s perfectly accurate. So people go online and see that all cars are dangerous and that all politicians are corrupt. What are they supposed to do then? –“When Is Transparency Useful,” Aaron Swartz, Raw Thought
Pektos– translation: spin. If you’re going to jump before deciding how to finish the play, you better be able to score from all angles and from an array of release points. To that end, PBA scorers like Lim and his modern day forebears James Yap and Willie Miller combine spin and touch with scoops and finger rolls to bank shots like they were born with a Spalding in one hand and a protractor in the other. They may have grown up speaking tongues like Tagalog, Cebuano, and Ilonggo, but their use of shot-making English could leave H.L. Mencken at a loss for words. Spin is such a necessary part of the Philippine game that when large numbers of Filipino-Americans started coming back to play in the Nineties, guys from Cali received earnest instructions to imagine they were unscrewing a lightbulb while shooting layups. –“Where Magaling Happens,” by editor Rafe Bartholomew, FreeDarko.com
In Havana, the past year has been marked by a parade of bold-faced names from the north — John Kerry reopening the United States Embassy; Andrew Cuomo bringing a delegation of American business leaders; celebrities ranging from Joe Torre, traveling on behalf of Major League Baseball to oversee an exhibition game between the Tampa Bay Rays and the Cuban national team, to Jimmy Buffett, said to be considering opening one of his Margaritaville restaurants there. All this culminated with a three-day trip in March by Barack Obama, the first American president to visit Cuba since Calvin Coolidge in 1928. But to those who know the city well, perhaps nothing said as much about the transformation of political relations between the United States and Cuba that began in December 2014 as a concert in the Tribuna Antiimperialista.
Amount traders on the Philadelphia Stock Exchange can be fined for fighting, per punch:
Philadelphian teenagers who want to lose weight also tend to drink too much soda, whereas Bostonian teenagers who drink too much soda are likelier to carry guns.
Nuremberg’s Neues Museum filed a criminal complaint against a 91-year-old woman who completed a crossword puzzle that was in fact a $116,000 piece of avant-garde Danish art.
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“Matt was happy enough to sustain himself on the detritus of a world he saw as careening toward self-destruction, and equally happy to scam a government he despised. 'I’m glad everyone’s so wasteful,' he told me. 'It supports my lifestyle.'”