While I’m trying to decide whether unmanaged funds are preferrable to mismanaged ones, and wondering whether any discussion of Mark Cuban (I like the picture better than CNN’s) belong here,* the NYT decides to continue its determined destruction of its reputation. Stanley Fish manages to forget—or, more accurately, ignore, since he mentions it in the […]

Via Dr. Black, the NYT quotes the Alabama Senator: “Companies fail every day and others take their place. I think this is a road we should not go down,” said Mr. Shelby, the senior Republican on the Senate Banking, Housing and Urban Affairs Committee. “They’re not building the right products,” he said. “They’ve got good […]

Everyone should read Joe Wilcox’s update, based on the release of more court docs, on the ongoing saga of Why Vista Sucked on Release. (Short version: because Intel asked.) Teaser quote, which would look fine in Mankiw or Krugman’s next Macro text: Based on the available information, I come to an easy conclusion: One monopoly […]

I hesitated to post this one, but since Charlie Stross agrees about the implications, the rest of the world better hope we’re wrong:

Warren Buffett: [Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.

Thursday morning editorial: The voters may be full of hope about the looming Obama Presidency, but so far investors aren’t. No President-elect in the postwar era has been greeted with a more audible hiss from Wall Street. The Dow has lost 1,342 points, or about 14%, since the election, with the S&P 500 and Nasdaq […]

Ken Houghton There does indeed seem to have been a visible change in Treasury policy since the election. Until that point, it cared a little about optics. Now, it’s giving monster bailouts to the likes of AIG and American Express; it’s dragging its feet on homeowner relief; and in general Hank Paulson’s Wall Street buddies […]

Ken Houghton Not Veteran’s Day, which is a U.S. construction to make certain we don’t have to give another Federal holiday to Those Who Served. And arguably not Remembrance Day, the version here in Canada, since (as Rob[ert] Farley notes) there are “only” ten known survivors remaining of The War to End All Wars, which […]

Ken Houghton Consider this a bright, cheerful post, as opposed to my next one. As long as TAPPED is talking about “classism,” let’s recall that the easy solution was Common Knowledge by the early 1980s: When I was in school I ran with kid down the streetBut I watched him burn himself up on bourbon […]

Ken Houghton I would prefer not to talk about AIG, especially since we already have two posts on it today: Robert brilliantly puts it into context, while DOLB goes for blood. But the Gorgeous, Brilliant, and Talented BessNormally-not-this-astute-or-succinct Equity Private posted the perfect summary. And Floyd Norris is on fire as to why this move, […]