October 2009
10 posts
“..I think we’re witnessing the end of the newspaper business, full stop,...”
– Megan McArdle, “The Media Death Spiral”
…This one is for @jayrosen_nyu.
Quotation Of The Day
mattpayton:
“And now there are five — five Wall Street behemoths, bigger than they were before the Great Meltdown, paying fatter salaries and bonuses to retain their so-called ‘talent,’ and raking in huge profits. The biggest difference between now and last October is these biggies didn’t know then that they were too big to fail and the government would bail them out if they got into trouble....
“The fiesta is over, the economy as we knew it is dead.The fiesta is over, the...”
– the_recession: Raising up dead horses (via arvidas)
Variations on a Theme: After the Crash
ekstasis:
“Theoretical and material concerns are much closer to one another than one may assume. It might be true that Thales, the first philosopher, fell into a well while gazing at the stars. But there is another famous anecdote about Thales, according to which he bought all the olive presses in Miletus ahead of a bountiful harvest, thus making a huge profit as a result of his monopoly....
Why Do Financial Crises Happen in the Fall?
Perhaps the rhythm of the school year, so ingrained in the American family’s calendar, means that problems that appear earlier in the year are allowed to fester during summer vacation and then finally explode right when workers return from the Poconos. Or perhaps the approaching Christmas-bonus season gets businesses and people looking more closely at their balance sheets.
Or perhaps it’s just...
“IHS forecasts that a third of the nation’s metropolitan areas will have jobless...”
– Gerald Seib (via Andrew Sullivan)
velveteenrabbit:
hardcorefornerds:
Richard...