Category Archives: News

Don’t mess with sadness and anger wrote about financial journalism and its critics.

So what are we really talking about when we say that financial journalism utterly failed? Better yet, whom are we talking about? Are we blaming local newspapers; big papers like The New York Times, the Financial Times and Wall Street Journal; the news magazines; CNBC and Fox; the B2Bs; the wires; the personal finance press; the blogosphere; the schools of journalism?

The fact is, someone, somewhere covered many aspects of this disaster. Local papers in California and Florida wrote about local real estate bubbles; and the personal finance media — not usually known for stepping out of the way of a boom — warned about price bubbles. The Economist described Goldman, Sachs & Co. and other Wall Street firms as overleveraged hedge funds years ago. BusinessWeek screamed about private equity. A number of B2Bs, the WSJ and New York Times wrote about concerns over credit default swaps. Barron’s famously took a shot at Bernie Madoff. Here at The Deal we worried about low bankruptcy rates, covenant-lite financing and evanescent liquidity. James Grant regularly warned about nearly everything. Even the Columbia Journalism Review’s Audit, which loves to consign financial journalists to a kind of populist hell, admits that a few early stories were written about subprime, but then rails that none of the big boys followed up.

Read at your own risk. If it’s not your thing, you can just watch Jon Stewart dissing CNBC. He was also on David Letterman and spoke about it, after exchanging parenting stories.

I’d better start my travel plans

World Cup 2010 tickets are on sale! The first phase to be exact, since yesterday.

It’s about 15 months to the tournament. Can’t wait!

Another reason not to network online

Found this:

A lack of “real” social networking, involving personal interaction, may have biological effects, he suggests.

He also says that evidence suggests that a lack of face-to-face networking could alter the way genes work, upset immune responses, hormone levels, the function of arteries, and influence mental performance.

This, he claims, could increase the risk of health problems as serious as cancer, strokes, heart disease, and dementia.

the tension between familiarity and mystery

It’s not just because it was about the Obamas, it was the words that got me.

Michelle is a tremendously strong person, and has a very strong sense of herself and who she is and where she comes from. But I also think in her eyes you can see a trace of vulnerability that most people don’t know, because when she’s walking through the world she is this tall, beautiful, confident woman. There is a part of her that is vulnerable and young and sometimes frightened, and I think seeing both of those things is what attracted me to her. And then what sustains our relationship is I’m extremely happy with her, and part of it has to do with the fact that she is at once completely familiar to me, so that I can be myself and she knows me very well and I trust her completely, but at the same time she is also a complete mystery to me in some ways. And there are times when we are lying in bed and I look over and sort of have a start. Because I realize here is this other person who is separate and different and has different memories and backgrounds and thoughts and feelings. It’s that tension between familiarity and mystery that makes for something strong, because, even as you build a life of trust and comfort and mutual support, you retain some sense of surprise or wonder about the other person.

To think that this interview was done in 1996…

At the core

Politics and religion is a deadly combination. Add military might to the mix and you have most of the world’s problems all lumped into one huge pile.

Will there ever be peace in the Middle East?

– – –

Closer to home, politics is very much a game with very high stakes, I was told. A lot of people are playing it, planning their move, calculating the risks, always trying to eliminate the obstacles and getting ahead (or on top) of everyone else.

I hate it.