I Heart Henry Paulson. China Is His Thing. (1)
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China Law Blog (6)
1 day
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Not for anything he has said or done on the bailout, on which even those of us who agree it was necessary cannot truly be happy about. No, I like him for his opinions on what the United States must do in terms of its relations with China. Paulson just came out with a very thoughtful piece in Foreign Affairs Magazine, entitled, "A Strategic Economic Engagement: Strengthening U.S.-Chinese Ties." The summary nicely summarizes the article ...
SuperSonicSoul on Economic Meltdowns, Stadiums, and NBA Owners (1)
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ESPN.com - True Hoop - Blog (11)
3 days, 2 hours
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PN of SuperSonicSoul has been writing about Aubrey McClendon. He's one of the richest men in America, and one of the minority owners of the Thunder. They don't like him in Seattle. PN is from Seattle. He writes: Today, I want to explore the sickening relationship between McClendon's immense wealth and his complete lack of interest in using that wealth to help whichever city his team calls home. Let us look, first, and some of ...
5 Reasons India's Largest Bank is Thriving (4)
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Navi Radjou (6)
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HarvardBusiness.org (95)
3 days, 3 hours
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Right as many Western banks are facing bankruptcy or being bought, it's refreshing to see that an Indian bank is doing very well, thanks to its forward-thinking innovation approach. I just published an extensive case study on ICICI Bank, India's largest private bank, and one of India's most tech-savvy and innovative firms. In this study, I explain how ICICI is cashing on huge market opportunities by harnessing two disruptive forces -- globalization and rapid technology ...
Palin vs Biden and the Maverick (1)
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Dave Allen (2)
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social cache: we deal in uncommon cents. (2)
3 days, 3 hours
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Daniel Day-Lewis as Daniel Plainview in the movie ‘There Will Be Blood.’ Much is being made in the current election cycle of which presidential candidate will bring about change. The Vice Presidential Debate twisted and turned on which party’s presidential candidate was more of an agent of change than the others. ‘Maverick’ was a word that I heard a lot during the VP debate and it only came from the lips of Governor Sarah Palin ...
09.23.2008: America The Beautiful (2)
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David Byrne (7)
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David Byrne Journal (7)
4 days
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Memphis In the afternoon, one group went to the Stax Museum of American Soul Music and raved about how interesting, well thought out, and moving it is. I went to visit Winston Eggleston regarding a project to project some of his dad’s photos onto the side of a massive former Sears building here in November. This project would coincide with dad Bill’s upcoming retrospective at the Whitney in New York City. Jenni and Graham stopped ...
this is sippey.typepad.com: marshall on mccain (2)
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Michael Sippey (14)
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this is sippey.typepad.com (14)
6 days, 3 hours
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Josh Marshall in "Losing Everything": My verdict may be a severe one but I think a lot of people -- a lot of former admirers -- are coming around to agreeing with the general outlines. McCain has revealed himself as a liar well outside the permissive standards applied to politicians. He's shown himself to be reckless to the point of instability, repeatedly putting the country at risk (exploiting the Georgia crisis, picking Palin, storming the ...
The Icahn Report™: Bailout Plan Must Include Corporate Governance Changes (2)
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Carl Icahn (13)
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The Icahn Report (13)
1 week, 2 days
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With the shocking collapse of multiple banks and financial institutions in recent months and staggering losses to shareholders, Congress clearly needs to forge a bailout package to stall the economy from further downward spiral. In my view, the primary factor that got us into this mess is the egregious mismanagement and short-sightedness of boards and CEOs of these institutions, who took inordinate and leveraged risks with stockholders money, not simply external factors like the housing ...
After the BailOut - Can the Bankers Who Caused the Mess Fix It ? (8)
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markcuban (158)
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Blog Maverick (238)
1 week, 4 days
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The bailout is a given. Its needed to introduce liquidity into the system. I wonder why no one is defining what happens after the 700B of mortgage and other assets are purchased by the Fed. Has everyone forgotten that we didnt trade in last year’s bankers for a new team. The bankers that we hope will reflate the economy with loans to the people and companies who need it ARE THE SAME BANKERS THAT GOT ...
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Michael Hyatt said:
I don't know if Mark is right about this, but it is directionally sound. $700B is only the beginning. Just look at what happened with the cost of the war!
President Bush's Speech: The Strangest Thing ... (5)
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pk (216)
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Paul Kedrosky's Infectious Greed (215)
1 week, 4 days
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Keaton: McManus. What the fuck is going on? McManus: The strangest thing... -- The Usual Suspects (1995) Here is a quick tag cloud of President's Bush's speech to the nation earlier tonight on the credit crisis. You'll notice, as I did, that the word "taxpayers" didn't pop up often. All snark aside, this was a creditable effort, and I don't say that lightly. Creditable it might have been, of course, but it was still an ...
How to Build a Next-Gen Business Now - Umair Haque (24)
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Umair Haque (61)
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Umair Haque (76)
1 week, 4 days
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For the last ten days - as I've been predicting for the last few years both here and at bubblegen - a fire has raged through the heart of the global economy. Central banks and governments are throwing money at an economic superstructure rotting from the inside - but given the severity of the situation, that's like trying to put out a fire by throwing Molotov cocktails at it. So what should we do - ...
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Alex said:
"When your market cap, for example, can be utterly vaporized in a matter of days, it's a stark reminder that shareholder value is a videogame - and it is human outcomes that make work meaningful."
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guynameddave said:
Yes, Yes, and Yes. Umair gets it.
A Few Good CDOs (2)
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pk (216)
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Paul Kedrosky's Infectious Greed (215)
1 week, 4 days
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To be delivered with Jack Nicholson-style intonation, from A Few Good Men: "Son, we live in a world that has bonds and those bonds need to be bought by men with balance sheets. Who's gonna do it? You? You, Lieutenant Fuld? I have a greater responsibility than you can possibly fathom. You weep for Bear Sterns and curse the short sellers; you have that luxury. You have the luxury of not knowing what I know: ...
Finalist at Whole Foods Recipe Challenge! (1)
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SteamyKitchen (14)
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Jaden's Steamy Kitchen - Modern Asian Recipes and Cooking (14)
1 week, 5 days
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Wonton Noodle Soup My Wonton Noodle Soup is a finalist at the Whole Foods Budget Recipe Challenge! Can you believe it? Need your help, please. There are 6 finalists and the winner is decided by votes! And because I’m up against blog-friends, Karina, Rachel and Katy. They are all really pretty, super-talented and I love them dearly. But. I’m going to play dirty….real dirty. I’m gonna throw out all I’ve got, baby. The Bribe Card: ...
Quote du Jour: Sex and Sachs (2)
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pk (216)
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Paul Kedrosky's Infectious Greed (215)
1 week, 5 days
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It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's a little like saving sex for your old age.' -- Warren Buffett explaining his support for the Paulson plan, plus justifying his Goldman Sachs investment (Bloomberg)
these are good (1)
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Michael Sippey (14)
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this is sippey.typepad.com (14)
1 week, 6 days
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I think the Seinfeld + Gates long form ad was a lure to get us warmed up for these new "I'm a PC" spots. Which I think are great. Leaving aside operating system and brand preference for a minute, what's works with these ads is the message of joy and abundance and widespread use of Personal Computing. I use a Mac these days, but I'm also a PC. And I wear glasses.
The Scoble Experiment: Day 5 Report (1)
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Drama 2.0 (2)
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The Drama 2.0 Show (2)
1 week, 6 days
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I have developed a slight rash on my back. My doctors tell me that this reaction is typical within the first week of exposure to the Twitter toxin. The rash is well worth it, however, as I have already made an important discovery via Twitter: the reason why Web 2.0 doesn’t make any money. The vast majority [...]
Why Isn’t Facebook Making More Money? (Hint: Advertiser Value and User Value Are Not Aligned) (9)
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Scott Karp (95)
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Publishing 2.0 (85)
1 week, 6 days
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I happened to visit Facebook’s Business Solutions page, and was struck by how, at least on the surface, these advertising formats seem like exactly the kind of innovation that should be helping Facebook achieve Goolge-style revenue — which is of course what Facebook’s $15 billion valuation assumes will happen. And yet with 100 MILLION users, Facebook’s 2008 revenue was only projected to be $300 million. (The number may higher, haven’t seen, but it would be ...
Corporate Waste Brings this Nation Closer to the Brink (4)
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Carl Icahn (13)
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The Icahn Report (13)
2 weeks, 3 days
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Few things bother me more than the titanic government debt load this country carries from years of reckless government borrowing and spending. We really have no ability to repay this debt, other than by continually issuing new debt to pay the interest on the old debt. The Peter G. Peterson Foundation calculates that we as a country have racked up a staggering $53 trillion in government obligations. That’s $455,000 per household and growing at the ...
The Blame Game Part I: Short-Sellers are Witches (2)
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pk (216)
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Paul Kedrosky's Infectious Greed (215)
2 weeks, 3 days
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We're now into the blame game, and it seems obvious that a major chunk of the blame for the current mini-round of the ongoing financial crisis is being accorded to short-sellers. Tonight we are hearing about new disclosure rules for short-sellers, new bans on short-selling certain financial stocks in certain jurisdictions, strong pushing for a reinstatement of the uptick rule, John McCain saying deranged things about naked short-selling, and pretty much everything else short of ...
We Pay So Much For So Little (4)
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Stock Market Meltdowns - Why they will happen again and again and again (22)
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Mark Cuban (82)
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Blog Maverick (238)
3 weeks
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There is one major problem on Wall Street, that until solved, will result in meltown after meltdown in future years. I can't say if the meltdown monkey will hit every 2,3, 5 or 10 years. But I can say with certainty that it will happen again. Why ? Because Risk and Reward have been decoupled for CEOs on Wall Street. If you are the CEO of a major public company, once you qualify for your ...
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Jack said:
Man has a point...
