Apologies for thin links!
Even With U.S. Oversight, AIG Keeps Secrets Huffington Post
WH Not Sweating Greg Craig’s New Role Defending Goldman Talking Points Memo
House Democrats calling for criminal investigation of Goldman Sachs The Hill
Greek debt costs get higher and higher FT Alphaville
Same old arguments = lack of leadership billy blog
ABACUS Spells More Trouble for Ratings Agencies Jack McHugh, The Big Picture
Antidote du jour:
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“Come back, Yves. Yves, come back.” Rent a whaleboat if necessary. Those limeys can gin up their own maven. Our insighter is outta sight; but not out of mind.
I fear also, as Greece is not too far away.
Last time Vinny came down here, well…see link: http://www.youtube.com/watch?v=Lto_ePxpnTo
Richard, Yves is gone, man. But she’ll be all around in the dark. She’ll be everywhere – wherever you can look. Wherever there’s a fight so hungry people can eat, she’ll be there. Wherever there’s a cop beating up a guy, she’ll be there. She’ll be in the way guys yell when they’re mad – she’ll be in the way kids laugh when they’re hungry and they know supper’s ready. And when the people are eating the stuff they raise, and living in the houses they build – she’ll be there, too.
“Those limeys can gin up their own maven.” I’ll bet we can! Though we’d find it easier if we knew what you meant.
“Jury-rig ‘engineer’ their own sage.”
http://www.todaysengineer.org/2010/Apr/maths.asp
They are talking about value-added tax.
I think it works like this: if you add value to a product during the chain of events, you have to pay VAT.
I wonder if you value-subtract a product, say you accidentally mess up your friend’s painting or dent his car, do you get a refund?
I’m really enjoying your book Yves – It’s the perfect time to read it.
“Darwin understood that competition was an important factor in evolution, but it wasn’t the only factor. Cooperation, sympathy, and fairness were equally important features in his vision for the evolution of life.”
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“[C]himpanzees in this study went beyond the basic tenets of the social contract and demonstrated what could be considered the foundation of social solidarity. In 95 trials chimpanzees that received a grape were significantly more likely to refuse the high-value reward when their group mate only received a carrot (p = 0.008). Even those who benefitted from inequality recognized that the situation was unfair and they refused to enjoy their own reward if it meant someone else had to suffer.”
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“The Andrew Carnegies of the world have led us to believe that they are an exception to the social contract; fairness and equality may be fine for the little people, but for masters of industry it is best to leave such quaint ideas by the wayside. But he was as wrong about this as he was about the way that evolution operates. As we move to regulate financial markets it might be wise to consider Darwin’s understanding of human society and follow the lead of our ape cousins.”
“Chimpanzees Prefer Fair Play To Reaping An Unjust Reward,” Eric Michael Johnson
http://scienceblogs.com/primatediaries/2010/04/chimpanzees_prefer_fair_play_o.php