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Evacuation day is a holiday celebrated only in Suffolk Co., Massachusetts (Boston).
Technically, it is to celebrate the British evacuating Boston during the Revolutionary war.
But the supposedly true story I have heard is that some court ruled that they could not celebrate St. Patrick’s Day because it was a religious holiday. So they created Evacuation Day so all the kids could get out of school and workers could have the day off and wasn’t it an amazing coincidence that it always fell on St. Patrick’s Day.
In many respects I am suprised that folks are suprised that Goldman puts itself first. After all IMHO the finacial services industry is populated by folks that have no better ethics than the prototypical used car salesman. (See F.I.A.S.C.O. (a book) on sales tatics at Morgan Stanley). What is amazing is that the customers financial advisors don’t just say no if they don’t understand what is being sold, and also the customers. As Robert Reich observed on his blog: http://robertreich.org/post/19402713930, this is the way wall street has always worked. Goldman may have been tempered in the past by the screw up in 1929 over Goldman Sachs Trading, but that has become history and not part of anyone actives memory, so the go back to the way it always was. If the folks dealing with wall street did not understand this, then IMHO the CFPB should start running public service adds saying Wall Street types don’t necessarily have your best interest at heart since they have no legal duty (fiduciary) to do so.
There is nothing humane about human behavior. There is good reason that the old Monkey House in the Prospect Park Zoo (Brooklyn, NY) had a sign at the top of a long mirror on one of its walls. The sign read, “The Most Dangerous Animal on Earth.” Things will not change until the majority, most of whom are gentle and considertate of one another, take back control of their government from the few who are pernicious and self serving. Historically this has only occured when some small portion of that majority took on the aggessive and egotistical characteristics of the few in control and loped off their heads. Human behavior being what it is we keep repeating that cycle and the few regain control for the sake of their own benefit.
No, this is not the result of a rational expectation. Were there no other empoloyees working to assure that the company would be profitable? Did Jonas Salk get even one million dollars for helping to eliminate polio as the scurge that it was?
Great blog. Very informative. Need some bear images for your blog? http://www.harveywildlifephotography.ca/#/north-american-bears/alaskan-brown-bears/Kiss-for-Mom http://www.harveywildlifephotography.ca
Maybe it’s time to put your bears on anger management therapy – cheapest RX anywhere!
Happy Evacuation Day everyone.
Evacuation day is a holiday celebrated only in Suffolk Co., Massachusetts (Boston).
Technically, it is to celebrate the British evacuating Boston during the Revolutionary war.
But the supposedly true story I have heard is that some court ruled that they could not celebrate St. Patrick’s Day because it was a religious holiday. So they created Evacuation Day so all the kids could get out of school and workers could have the day off and wasn’t it an amazing coincidence that it always fell on St. Patrick’s Day.
In many respects I am suprised that folks are suprised that Goldman puts itself first. After all IMHO the finacial services industry is populated by folks that have no better ethics than the prototypical used car salesman. (See F.I.A.S.C.O. (a book) on sales tatics at Morgan Stanley). What is amazing is that the customers financial advisors don’t just say no if they don’t understand what is being sold, and also the customers. As Robert Reich observed on his blog:
http://robertreich.org/post/19402713930, this is the way wall street has always worked. Goldman may have been tempered in the past by the screw up in 1929 over Goldman Sachs Trading, but that has become history and not part of anyone actives memory, so the go back to the way it always was.
If the folks dealing with wall street did not understand this, then IMHO the CFPB should start running public service adds saying Wall Street types don’t necessarily have your best interest at heart since they have no legal duty (fiduciary) to do so.
There is nothing humane about human behavior. There is good reason that the old Monkey House in the Prospect Park Zoo (Brooklyn, NY) had a sign at the top of a long mirror on one of its walls. The sign read, “The Most Dangerous Animal on Earth.” Things will not change until the majority, most of whom are gentle and considertate of one another, take back control of their government from the few who are pernicious and self serving. Historically this has only occured when some small portion of that majority took on the aggessive and egotistical characteristics of the few in control and loped off their heads. Human behavior being what it is we keep repeating that cycle and the few regain control for the sake of their own benefit.
When you find yourself thinking about what it is that is wrong with our economy and our corporate system keep this in mind. From today’s NY Times:
“Former Gannett CEO Gets $32M Severance Package” No, he did not discover a cure for cancer. He was nothing more than the hub in the center of a corporate wheel. And for only a short period of time. Find something in this story that justifies one man’s King’s Ransom: http://www.nytimes.com/aponline/2012/03/17/business/ap-us-gannett-executive-compensation.html?_r=1&hp
No, this is not the result of a rational expectation. Were there no other empoloyees working to assure that the company would be profitable? Did Jonas Salk get even one million dollars for helping to eliminate polio as the scurge that it was?