“Investors who backed the recent drive by US financial companies to raise capital are sitting on nearly $10bn in paper losses amid a continued slump in the sector’s shares, an FT analysis shows.” Shit - I wonder how long it will be before they get that back? 5, 10, 20 years?
Asides
It’s strangely ironic that prostitution can exist in an Iranian holy city, though I guess the world’s oldest profession will always find a way.
In the more than a century since ‘perfect’ platinum-iridium cylinders were first used as the world’s kilogram standards, their weights have mysteriously fluctuated.
It seems that the Colbert bump, the phenomenon where guests on his show experience a surge in popularity, is real. No, really. There was a study done!
Apparently, the Wii shortage is the result of a weak dollar. And before I had just thought Nintendo had just underestimated consumer demand. Shows how much I know.
The sky is blue, the grass is green, and Hillary Clinton is a liar. Please tell me something I don’t know.
Gordon Smith over at Conglomerate has done some research on the facial hair of past Vice Presidents. I tell you, a beard comeback to the White House would be the only good thing to result from a successful Obama-Richardson campaign.
Obama exploits his still living white grandmother. James Taranto of the WSJ thinks simple decency dictates that a public figure treat embarrassing facts about loved ones with discretion, but come on, he’s a politician!
In One Year to Midnight, there are some awesome photos of the characters from the film adaptation of The Watchmen.
Amity Schlaes argues that Nobel Prize winner J. Stiglitz gets the math wrong in his book The Three Trillion Dollar War. I see this as more proof that economists can “prove” anything.
