Thursday, April 7, 2016

Good to Know




In the midst of the worst banking scandal since the worldwide crash of 2008, you have this little nugget of wisdom:

The CEO of Austrian bank Hypo Landesbank Vorarlberg resigned Thursday, following the release of 11.5 million documents from a Panama law firm accused of setting up secret offshore accounts to evade scrutiny. According to local news, the bank was one of the many institutions around the globe named in the documents released. Executive Michael Grahammer said he was “100 percent convinced that the bank broke no laws or violated sanctions” but that he was still leaving the company, due to an alleged misrepresentation in the media. Prime Minister Sigmundur Gunnlaugsson of Iceland stepped away—but did not resign—from his post on Tuesday following protests over allegations that he and his wife own an undisclosed tax haven-based company with large claims on some of the country’s collapsed banks. In a new interview with The Wall Street Journal, Mossack Fonseca partner J├╝rgen Mossack also denied wrongdoing and said the controversy wouldn’t change its business model. “We’re not going to stop the services and go plant bananas or something,” he said.

That's good to know, but can you make money with a banana tree plantation nowadays? And don't you think that the shareholders of Mossack Fonseca are feeling a little nervous when they hear flip answers from the man in charge?

Tuesday, April 5, 2016

The New Republic is Hiring

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Are you looking for a gig handling the Twitter account of a media empire that has seen better days? The New Republic is going to be hiring, soon...

Friday, April 1, 2016

Fewer and Fewer Bums Out There




Thanks to President Obama, there are fewer bums out there:

The rest of the world economy and Wall Street may have been shaky, but American employers were full steam ahead in March, adding a stronger-than-expected 215,000 jobs, according to new figures Friday from the Bureau of Labor Statistics. Average hourly wages rose 0.3 percent, up from the 0.1 percent registered in February. However, the unemployment rate edged up to 5 percent, a slight bump from 4.9 percent a month ago. So far this year, average monthly job gain have averaged out at 209,000.

Now, there may be an uptick of hobos, but that simply means that Obamacare has given them the option of spending the summer on the lam from all the railroad dicks out there because they know that if they take a truncheon to the throat, they can spend a month in County Hospital eating that spread.

I used to think I would end up sleeping under a bridge, using the railroad tracks as a sidewalk. What happened to my dream? How did I end up respectable and bathed?