Look, the #1 thing Ayatollah Ali Khamenei wants is for the US, UK and Israel to come out and say "fight for freedom in Iran!" That would be absolutely proof of his baseless accusations (that this is all a plot by our governements -- as if we could muster such solidarity from this far away in some orchestrated attack). It would be validation of his cause: the destruction and resurrection (as a Muslim theocracy) of the West.
Next time you wish to communicate complicated economic information, use PowerPoint. Our nation has become a bloated, bleary, cynical shadow of its former self. We are no longer the critical, self-motivated populace whose "can do" attitude got things done in a big way. Instead, we're easily distracted by shiny things and loud noises. Much like a cat on Ritalin, we respond best to loud noises and bright lights.
Well, it's been a great couple of years on Vox, but it's time to move on. InsideTWiT is now new and improved and can be found at http://inside.twit.tv. And it won't be just me on it, but Tony, Colleen, and other TWiT staff will also chime in from time to time. Thanks for everything!
Well, it's been a great couple of years on Vox, but it's time to move on. InsideTWiT is now new and improved and can be found at http://inside.twit.tv. And it won't be just me on it, but Tony, Colleen, and other TWiT staff will also chime in from time to time. Thanks for everything!
If you recall the depravity of the worst Roman emperors, you might get close to the vacuous dreamworld those clueless boneheads on Wall St. live in. Seriously, this is a problem that is going to get WORSE before it gets better. Why? Here's a juicy quote from my paper this morning:
Jason Weisberg, vice president of the Wall Street brokerage Seaport Securities, said bank employees count on performance bonuses like salesmen count on commissions.
"What are you supposed to pay them?" Weisberg asked. "Or are you not supposed to pay them? And if you don't pay them, how do you expect that employee to stay employed at that company?"
Well, guess what Mr. Weisberg: I am not getting a bonus this year, nor am I getting a merit raise. Have my basic costs gone up? Yep, like everyone else. Have we cut corners? Yep, like (almost) everyone else. Does it suck? Yes. Will I find work elsewhere? Um, dickweed, you DO realize unemployment keep going UP, right? You're telling me people are going to leave a job when we're hitting the skids? Bullshit. Every component of this argument is bullshit, and a pitiful excuse at rationalizing the institutionalized greed that has enveloped Wall St. since the 80's.

Today we had eight people in studio, a new record. Including Robert Scoble, second from left.
Well, you're probably NICER... Peter Schiff should get an award for telling us the hard truth: we are spending money we borrowed and we did it too much over the past 10-20 years.
Listening to NPR this morning I hear a lot of debate about a Detroit bailout (loans, whatever). Some things I hear that scare me: