Even when O’Donnell laudably experimented with to concentrate the audience’s awareness onand hopefully final, Charlie Sheen trainwreck interview, courtesy of the tragic undertow that threatens to pull Sheen under for great, I was overtaken, not from the pulling on the thread, plus the voracious audience he serves. It did not make me unhappy, it crafted me angry.
In relation to celebrities, we will be considered a heartless country, basking within their misfortunes like nude sunbathers at Schadenfreude Seaside. The impulse is understandable, to some degree. It might be grating to pay attention to complaints from people today who relish privileges that the majority of us can not even just imagine. Should you can not muster up some compassion for Charlie Sheen, who may make alot more cash for a day’s give good results than most of us will make inside a decade’s time, I guess I can’t blame you.
Along with the speedy speed of activities on the net and therefore the info revolution sparked by the Online, it is extremely simple and easy for the technological innovation sector to consider it is unique: perpetually breaking new ground and performing issues that nobody has ever done in advance of.
But you can find other types of enterprise which have currently undergone many of the very same radical shifts, and also have just as terrific a stake from the future.
Get healthcare, as an illustration.
We often believe that of it as a large, lumbering beast, but in fact, medication has undergone a series of revolutions with the past 200 years which might be at least equal to these we see in know-how and data.
Less understandable, but nevertheless within just the norms of human nature, may be the impulse to rubberneck, to slow down and consider the carnage of Charlie spectacle of Sheen’s unraveling, but on the blithe interviewer Sheen’s daily life as we pass it in the most suitable lane of our everyday lives. To get truthful, it might be tough for men and women to discern the difference between a run-of-the-mill focus whore, and an honest-to-goodness, circling the drain tragedy-to-be. On its individual merits, a quote like “I Am On a Drug. It is Known as Charlie Sheen” is sheer genius, and we can’t all be expected to take the total measure of someone’s existence any time we hear one thing humorous.
Rapidly forward to 2011 and I am attempting to examine indicates of getting a little more business-like about my hobbies (mostly music). Through the finish of January I had manned up and started off to advertise my blogs. I had made a variety of completely different blogs, which were contributed to by mates and colleagues. I promoted these activities via Facebook and Twitter.
2nd: the little abomination that the Gang of Five around the Supream Court gave us a yr or so in the past (Citizens Inebriated) truly incorporates a bit bouncing betty of its own that can incredibly well go off while in the faces of Govs Wanker, Sacitch, Krysty, and J.O. Daniels. Considering this ruling extended the concept of “personhood” to the two businesses and unions, to strive to deny them any proper to operate inside the legal framework that they were organized beneath deprives these “persons” from the freedoms of speech, association and motion. Which suggests (when again, quoting law school skilled loved ones) that either the courts really need to uphold these rights for the unions (as person “persons” as guaranteed by the Federal (and most state) constitutions, or they have to declare that these attempts at stripping or limiting union rights really have to apply to key businesses, also.
In New York, Tuesday marked the beginning of the long awaited trial of hedge fund manager Raj Rajaratnam, who ran the $7 billion Galleon Group and whose personal wealth is estimated at $1.3 billion. He is being prosecuted by the SEC for insider trade deals. Rajaratnam is said to have made $45 million in illegal profits. He has denied the charges and is free on $100 million bond. If he is convicted he could go to prison for as long as 20 years. The SEC historically has been such a handmaiden of the finance business that it's hard to imagine anything serious coming out of its prosecutions, but one never knows.Whatever happens to Rajaratnam, it would be simple enough to prosecute many of the high rollers on first civil, then criminal charges, fining them millions of dollars and taking them out of circulation for up to 20 years.
"Contrary to prevailing propaganda, there is a fairly straightforward case that could be launched against the CEOs and CFOs of pretty much every US bank with major trading operation," writes Yves Smith in her popular Naked Capitalism blog. "I'll call them 'dealer banks' or 'Wall Street firms' to distinguish them from very big but largely traditional commercial banks.’’ She proceeds to lay out the case, the key points of which I have excerpted below:
Since Sarbanes Oxley became law in 2002, Sections 302, 404, and 906 of that act have required these executives to establish and maintain adequate systems of internal control within their companies. In addition, they must regularly test such controls to see that they are adequate and report their findings to shareholders (through SEC reports on Form 10-Q and 10-K) and their independent accountants. “Knowingly” making false section 906 certifications is subject to fines of up to $1 million and imprisonment of up to ten years; “willful” violators face fines of up to $5 million and jail time of up to 20 years.
• • • • •
At Daily Kos on this date in 2009:
It is difficult to muster any sympathy whatsoever for the goddamned banks. This is a crisis entirely of their own manufacture. Yes, the housing market went down -- which anyone with an ounce of sense could have predicted, and did. Any bank betting the entirety of its assets many-times-over on that not happening deserves to fail as spectacularly as possible, its corporate leadership condemned to no greater future responsibilities than bussing tables. ...We are aware of Japan's "Lost Decade", a period of real estate collapse and economic stagnation. We have, though, been in our own Lost Decade since the turn of the millennium, and only now that the higher echelons of our society have found themselves in as unpalatable a situation as the rest of us have been in has anyone important deigned to notice. We have had a decade of doing nothing, and two decades of offshoring our every competence, leaving us to putter in our financial closets and declare ourselves kings of all we could see.
In New York, Tuesday marked the beginning of the long awaited trial of hedge fund manager Raj Rajaratnam, who ran the $7 billion Galleon Group and whose personal wealth is estimated at $1.3 billion. He is being prosecuted by the SEC for insider trade deals. Rajaratnam is said to have made $45 million in illegal profits. He has denied the charges and is free on $100 million bond. If he is convicted he could go to prison for as long as 20 years. The SEC historically has been such a handmaiden of the finance business that it's hard to imagine anything serious coming out of its prosecutions, but one never knows.Whatever happens to Rajaratnam, it would be simple enough to prosecute many of the high rollers on first civil, then criminal charges, fining them millions of dollars and taking them out of circulation for up to 20 years.
"Contrary to prevailing propaganda, there is a fairly straightforward case that could be launched against the CEOs and CFOs of pretty much every US bank with major trading operation," writes Yves Smith in her popular Naked Capitalism blog. "I'll call them 'dealer banks' or 'Wall Street firms' to distinguish them from very big but largely traditional commercial banks.’’ She proceeds to lay out the case, the key points of which I have excerpted below:
Since Sarbanes Oxley became law in 2002, Sections 302, 404, and 906 of that act have required these executives to establish and maintain adequate systems of internal control within their companies. In addition, they must regularly test such controls to see that they are adequate and report their findings to shareholders (through SEC reports on Form 10-Q and 10-K) and their independent accountants. “Knowingly” making false section 906 certifications is subject to fines of up to $1 million and imprisonment of up to ten years; “willful” violators face fines of up to $5 million and jail time of up to 20 years.
• • • • •
At Daily Kos on this date in 2009:
It is difficult to muster any sympathy whatsoever for the goddamned banks. This is a crisis entirely of their own manufacture. Yes, the housing market went down -- which anyone with an ounce of sense could have predicted, and did. Any bank betting the entirety of its assets many-times-over on that not happening deserves to fail as spectacularly as possible, its corporate leadership condemned to no greater future responsibilities than bussing tables. ...We are aware of Japan's "Lost Decade", a period of real estate collapse and economic stagnation. We have, though, been in our own Lost Decade since the turn of the millennium, and only now that the higher echelons of our society have found themselves in as unpalatable a situation as the rest of us have been in has anyone important deigned to notice. We have had a decade of doing nothing, and two decades of offshoring our every competence, leaving us to putter in our financial closets and declare ourselves kings of all we could see.
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