Citi’s math doesn’t add up
Messed Up is Citi?: "The SIVs may be why Citi held on to this crappy
paper when it should have dumped it. It would have required them to mark the
prices down of any similar paper held in their SIVs, something they would be
loath to do."
B, C, D, E, F, Gphone: "My three-year-old had the best comment the
other day. He asked, "Is there an Hphone too daddy?" For sure — just
wait."
10 worst jobs in America: "Last year, models made a median hourly wage
of $11.22."
theory there is no difference between theory and practice. But in practice…:
A right-wing defense of cap-and-trade over a carbon tax. Not sure I like it,
although I agree with the conclusion.
behind the Fortress slaughter?
Cory Doctorow: A great
interview at kottke.org. Lots of blogonomics in there.
Few Thoughts on "The Plight of the Fortune Tellers"
Nightmare: "One has to wonder whether this
is really Roubini’s nightmare or whether his real nightmare is that his bearish
forecasts (which I’ve been following/echoing) won’t come true." (By the
way, Nouriel, please stop committing the "ABX price = CDO price" fallacy.)
IAC Splits, Who Gets the Gehry?
bankers, talk radio hosts, and baseball pitchers all get paid so much.