For those banksters whose bonuses got paid out in stock this year instead of cash: Let them eat steak! Smith + Wollensky’s new ad campaign: The chain, which does a significant chunk of its business with financial professionals and for corporate lunches, is keenly aware of its clientele’s evolving cash flow status — and its [...]
Entries from February 9th, 2010
Smith + Wollensky Trade Steak For Stock
February 9th, 2010 · No Comments · breaking news, caturday
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Cash-Strapped Florida Literally Losing Track Of Assets
February 9th, 2010 · 5 Comments · fail
You’d think that these days, with revenue falling, expenses rising and budgetary crisis looming on the horizon, that the states would at least be trying to keep track of the assets they DO have with an iron fist, so as to maximize their revenue-generating capability. Not Florida, of course. Florida has misplaced not computers or [...]
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Bloomberg Defends The Loller Dollar
February 8th, 2010 · No Comments · loller dollar
Yesterday, the W.C. Varones blog posted this handy chart of “then and now” pricing provided by the University of Southern Cal in a fundraising newsletter, which shows 1000%+ inflation in prices between 1959 and now. Then, today, Bloomberg publishes this article in defense of the dollar, calling its weakness “illusory”: For all the concern over [...]
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This Guy, Still? Again?
February 8th, 2010 · 4 Comments · all ur bankz, fail
John Thain: does he have a deal with Satan? He keeps turning up, like a bad penny, most recently named chairman and CEO of failbank CIT, for $6mm a year. Seriously, how does he do it?
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