Hugo Chavez is fast becoming a hotel baron. He nationalized a Hilton in Caracas a few years ago, rechristened it the Hotel Alba, and recently spent some time at another Hilton on the island of Margarita, which he decided he liked so much he’d add it to his portfolio too: President Hugo Chavez ordered the [...]
Entries from October 13th, 2009
Nerd Prize! Nerd Prize!
October 12th, 2009 · 2 Comments · Uncategorized
As is customary, all the other lesser Nobel prizes are awarded first as a sort of opening act for the real star of the show, the Economics prize (which, it is often pointed out, isn’t a real Nobel prize, but that’s just the talk of sore losers). This year, instead of going to Paul Krugman [...]
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Dick Bove On Phibro and How Citi Is The Future (shudder)
October 12th, 2009 · No Comments · all ur bankz
Dick Bove likes to rant and sometimes you just expect it to be “next verse, same as the first, a little bit louder and a little bit worse” but every once in a while he says something truly chilling. Per FTAlphaville, a dissection of his recent rant, entitled Socialism in Action, looks at $C’s deal [...]
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There Is No Recession, Dogs Are Still In Therapy
October 11th, 2009 · No Comments · bandit, fail
When I saw the NYT headline this weekend that read “Whispering to Rottweilers, and to C.E.O.’s“, I truly hoped that perhaps our Pay Czar had retained Cesar Millan – star of “The Dog Whisperer”, a show where, yeah, a guy is paid a lot of money to correct dogs’ behaviors, e.g., irrational fear of your [...]
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Drugs, You Say?
October 8th, 2009 · No Comments · Uncategorized
From Bloomberg, a shocking – shocking – tale of cocaine usage among bankers. I had no idea! The story here is not so much the blow as it is the sudden cessation thereof, as the finance-minded do the math and realize how much their eightball budget has been cut back as of late. Professionals in [...]
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