I love me a good fail, hence the whole Weaky Award system. I used to award Weakies for surprising acts, but after 25 awards these events no longer surprise me. By now you should be aware of the newly dubbed “foreclosure crisis” that has emerged from a banker’s testimony.  What basically happened was a guy [...]

Who cares for physics, chemistry, medicine, literature, and peace? We care not for these things, only the hard and true science of economics. I’ve said before that I really don’t like the Nobel Prize in economics, mainly because it was not one of the original prizes set up by the ever so guilty Alfred Nobel [...]

Alicia Keys famously said there’s nothing you can’t do in NY. And though the song was performed by Jay-Z as yet another anthem to his hometown, there are in fact things you can’t do in NYC. For example, you can’t go to an NFL football game. Both the NY Giants and Jets play home games [...]

Back in January, NPR’s Planet Money bought a portion of a toxic mortgage backed security. They hoped that by making the $1000 investment that they would learn a few things, and hopefully not lose all of their money. They got both. Now if you’ll remember a toxic asset referred to any number of investments that [...]

One of the benefits of being in the DC area is that there are a lot of other people in the DC area too. I have a friend that works at a hedge fund, just met a guy that works as a lobbyist broker, and had some interesting interactions with a few Ivy League business [...]

There have been some recent changes in the management of both public and private companies. HP fired their CEO (and hired another), while Twitter just switched out their CEO as well. In the shakeup brought on by the recession many companies have fired their executives or at least asked them to resign. But I’m thinking [...]

Remember when oil was $140 a barrel and oil executives were brought in front of Congress to explain oil prices. Exxon was having record profits that dwarfed anything in history, and the American citizen was suffering amidst a financial crisis on the eve of recession. Corruption was a concern. Perhaps the oil companies were colluding [...]

Admiral Ackbar was so right. You see, in Episode VI when the Rebel Alliance was supposed to surprise the Empire with an attack, Ackbar realized that their attack was a trap set be the Empire itself. But one of his generals pointed out they wouldn’t get another shot to take down the Empire. It was [...]