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  • Who’s Hiring in Finance – October 2009

    Banks, Consulting firms, and Financial advisors top Finance hiring during October 2009, based on job advertisements open for 30 days from the top job boards. Led by banks that are repaying TARP funds, banks including Chase, Wachovia, PNC, Citi, HSBC, Fifth Third, Wells Fargo, Bank of America, and National City are the top Finance hiring firms ...
    Posted to Moneybox by philrosenberg on October 25, 2009

  • AIG and GM: A Double Standard

    Let’s see if I’ve got this straight. We bail out AIG and they use the money to make good on the credit default swaps they insured. (Although they didn’t call it insurance!) A lot of this money has gone to banks in foreign countries. When it comes to GM, we want to force them into bankruptcy, which means a massive loss of jobs for blue and white ...
    Posted to Today's Papers by mathpol on March 30, 2009

  • We Should Have A “Which” Hunt Instead of A Witch-Hunt

    I told you so. One has to be selective about whom at AIG to direct our “bonus anger”. As “Exhibit A” I give you the resignation letter of Jake DeSantis, an executive vice president of AIG’s Financial Products unit, to AIG president Edward Liddy, which appears as an op-ed in today’s New York Times. Quoting from his letter: “I started at this ...
    Posted to Today's Papers by mathpol on March 25, 2009

  • Bonus Madness and AIG

    From an article in today’s Washington Post: “Fed officials also hope to keep current employees with [AIG]. The senior executives whose decisions caused the company's collapse are long gone. Most of those left behind are trying to unwind complicated derivative contracts. Completing that process correctly is essential to preserving as much value ...
    Posted to Today's Papers by mathpol on March 17, 2009

  • Kinder, Gentler, Justice

    I agree with Gillian Tett's assessment of the function of the word ''criminal'', specifically, that it suggests that ''problems can be pinned on a small minority while letting off the majority scot-free, and it also detracts from the systemic problems.'' Financial problems are system-wide, and the system will not be fixed by tossing out a few bad ...
    Posted to Dialogues by kingdingaling on March 3, 2009

  • I want someone to finance my journalism, but who? How?

    My career as a journalist/photojournalist has been a bit odd and out of the mainstream, as I have created and put together very small circulation magazines that have been well known and well read in remote regions of Alaska. Occasionally I have done something in mainstream periodicals, such as National Geographic and GEO. I do have some newspaper ...
    Posted to The Big Idea by frostfrog on February 22, 2009

  • newspaper survival strategies

    Over the past few weeks thousands of words have been written on this subject. This article comes closest to the financial realities of newspaper publishing. If newspapers close, democracy is threatened. There will be no reporters digging up dirty deals at city hall. There will be no photographers shining light on our elected officials' actions. ...
    Posted to The Big Idea by pjadv on February 21, 2009

  • Maureen Dowd's column:"Wall Street's Socialist Jet-Setters"

    Keeping Up Appearances Much has been made of corporate “excess“, even during this time of government bailouts and loans. End-of-year bonuses, office remodeling, fancy retreats, using corporate jets and buying fancy new ones, and so forth. The latest blast is Maureen Dowd’s column, ’Wall Street’s Socialist Jet-Setters” in Wednesday's New York ...
    Posted to Moneybox by mathpol on January 29, 2009

  • Why weekends won't start on Wednesday for most of us

    Some of the other responders have noted flaws in this analysis; there are several: 1. At least within the US, the average family does not earn twice as much as prior generations. You do have to look at medians rather than averages. Real median household income in 2007 was $50,233, with 12.5% of US households below poverty level. Median ...
    Posted to The Undercover Economist by VLCrain on December 28, 2008

  • Are Madoff and his frauding cohearts Financial Terrorists?

    Could the Madoff scandal be a result of neo-Social Darwinian Capitalism? Where the richest are deemed the greatest people and therefore are worthy of trust, respect, even adoration and worship simply because of their meritocratic accomplishments and presumed wealth? Is this the end of the American meritocratic way? As I said on my other posts ...
    Posted to Foreigners by Usama3 on December 17, 2008
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