The civil authorities are trying to fight occupy Wall Street.
Siege warfare, even the gentlest kind, grows bitter in time.
All that I will do is stand back and nurse the wounded.
Government must promote the general welfare.
Individual interests must not run the affairs of state to the detriment of the whole.
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A Call to Take Back the Internet From Corporations
Is the Internet due for a “Magna Carta moment?”
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Rena Silverman
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Artists Offer 'Day Without Art' to Focus on AIDS - The New York Times
“Artists Offer 'Day Without Art' to Focus on AIDS - The New York Times - http://bit.ly/2hhPzb”No. This is not a good idea. AIDS threatens everyone.Art has no special claim or responsibility in relation to it.Better to declare a day without religion to concentrate on AIDS.http://keithharingfoundationarchives.wordpress.com/His work is "art". I have never had much doubt about that.I react badly to it.Things are not much improved by drawing on their surface.Making a drawing does not improve the paper. Here the drawing, which is a thing in itself, communicates viscerally about the draftsman. I do not want it on my wall.
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Jef
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Mark Twain’s Unexpurgated Autobiography
“Dead for a Century, Twain Says What He Meant- http://nyti.ms/aaaJLv”I am glad it is there. I may read it if I get bored and confused.That has not happened in the past couple of decades. I read the expurgated book. I am glad I did not wait. The Nation has not become much wiser.
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Rena Silverman
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Artists Offer 'Day Without Art' to Focus on AIDS - The New York Times
“Artists Offer 'Day Without Art' to Focus on AIDS - The New York Times - http://bit.ly/2hhPzb”Art always has the pox of the time.Hiding the art does not draw attention to the pox.http://en.wikipedia.org/wiki/Masque_of_the_Red_DeathThe 'red death' has not visited me. Luck more than planing.I have been leading a low risk life for decades.
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mikeoshea
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Death Toll in N.Y. Bus Crash Reaches 15
I've taken the buses from Chinatown to Albany and vice-versa many times, and I've always observed the drivers to be alert and competent, although they do drive quite fast. The bus company I use does not permit its drivers to work 20 to 22 hours a shift, as a previous e-mailer claimed, but there is another problem mentioned by writer #1 and questioned by writer #3 which might be, I think, closer to the core of the tragic incident. Every bus driver, on every one of the Chinatown buses I have taken in the past 3 or 4 years, has received many phone calls during the ride. On several occasions when I told the driver that talking on cellphones while driving was against NYS law, his response was that it was his company calling to find out where he was and to make sure that he would arrive at his destination on time. I fear that pressure to make sure that he didn't arrive late, coupled with the possible distraction of a phone call from the office, may have diverted the driver's attention from the job at hand, to tragic consequences.The writer is speculating. We could know.Still, driving long distances is a good reason to reduce communication. Be safe. As soon as you can is best.
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Jeff
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Artists Offer 'Day Without Art' to Focus on AIDS - The New York Times
“Artists Offer 'Day Without Art' to Focus on AIDS - The New York Times - http://bit.ly/2hhPzb”"The Gay Plague" has no special relationship to art.
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Mark Twain’s Unexpurgated Autobiography
“Dead for a Century, Twain Says What He Meant- http://nyti.ms/aaaJLv”I am glad I did not wait for "the directors cut".
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4Heavenssake
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Does IMF Stand for Impressive Macroeconomic Flexibility?
So the IMF is holding a meeting on rethinking macroeconomic policy (I was invited but couldn’t make the timing work.) And the Fund’s chief economist has already made it clear that he’s open to some serious revision of the prevailing paradigm.
http://www.zerohedge.com/news/late-day-derisking-sovereign-debt-crisis-becoming-banking-crisis
http://www.guardian.co.uk/business/debt-crisis
http://ftalphaville.ft.com/blog/2011/11/16/750771/further-further-reading-249/
Further further reading
For the commute home,
- The BEA releases a report titled Operations of US Multinational Companies in the US and Abroad. “In the US and abroad” seems redundant and robotic: we’d prefer “in the whole wide woolly world”.
- US equity markets close down late as Fitch warns about US banks’ exposure to Europe (welcome to the show, fellas!) and Moody’s downgrades ten German banks.
- Very good interview of Richard Koo hosted by Joe Weisenthal.
- A short history of the Deficit Wars of 2009-2011.
- Bon Appétit.
- JP Morgan and Goldman keep investors in the dark on country-specific exposure.
- Italian default scenarios.
- A summary of the latest Pozsar paper on the Triffin dilemma and shadow banking.
This entry was posted by Cardiff Garcia on Wednesday, November 16th, 2011 at 21:44 and is filed under Capital markets.
Dow Jones 15 min delayvaluechange%11905.59-190.19-1.57No winners Top loser Alcoa Inc. 9.97-0.39-3.76Nasdaq 15 min delayvaluechange%2639.61-46.59-1.73Top winner and loser ARCA biopharma Inc. 1.71+0.52+43.70Rambus Inc. 7.11-10.93-60.59S&P 500 15 min delayvaluechange%1236.91-20.89-1.66Top winner and loser Eastman Kodak Co. 1.27+0.11+9.48Abercrombie & Fitch Co. 48.10-7.60-13.64
Market reportsvaluechange%5482.73+3.39+0.06
London
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Wall Street
Tokyo FTSE 100 15 min delayvaluechange%5509.02-8.42-0.15Top winner and loser Intertek Group 1952.00p+66.00+3.50Essar Energy 258.90p-14.60-5.34Dax 15 min delayvaluechange%5913.36-19.78-0.33Top winner and loser Deutsche Bank AG 28.35+0.40+1.41Bayerische Motoren Werke AG St 55.71-1.84-3.20Widening Split in Europe on the Virtue of Austerity
By LIZ ALDERMAN and GRAHAM BOWLEY
Countries that have backed Germany’s call for fiscal discipline elsewhere are realizing austerity could make it harder for them to pay down their own debts.
Interim Greek Government Wins Confidence Vote
By NIKI KITSANTONIS
Though the vote passed by a comfortable margin Wednesday, the unity of the coalition, which must secure crucial rescue funding and save the country from default, appeared tenuous.No screaming headlines.I expect the markets may feel better in the morning.Currency controls have not gone on yet.The hole is deeper today.
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