“Don’t be Evil” — Tell that to Wall Street

After Google announced that it might leave China, Wall Street and other stock exchanges around the world reacted in typical fashion, by buying Baidu stock and selling Google stock. Baidu’s stock jumped by at least 12%, while Google’s slid by about 1%. For the money-men — the same people, let us not forget, who caused […]

Its all bad; its all good

My landlord Nikki V is doing a piece for KBOO Radio about austerity measures people (may or may not have learned from their parents/grandparents) are using to get by in “this nasty economy.” I listen with mild interest, because so far my economy seems unaffected by Wall Street’s 777+ drop this week after the big […]

We have seen this before, and its always sinister

In today’s NYT, the “demise” of Freddie Mac and Fannie Mae is treated with the soft gloves of supposed objectivity. The article begins by saying that the tumultuous tumble in stock value of the two mortgage giants is inexplicable and at the same time potentially devastating for the US economy and, above all, taxpayers.“There is […]