Friday, January 30, 2009

Finally Cannibal Planet is mainstream!

I don't know how long it will last, but I think at least I can take a hiatus in comfort for a bit. Dozens of major media from the NYTimes to the Washington Post, from CNN to the Daily Show are exploring the ideas I've been discussing on my blog for the past year. Don't know if anything will come of it. Wall Street has reduced the typical bonuses, but they aren't giving them up anytime soon. The culture of excess runs deep there:

Of course, many Wall Street employees never expected the good times to end. They lived large, believing bonuses would always arrive, so they are ill prepared, both emotionally and financially, to cope with a sudden drop in income.

“Without a doubt, $18 billion is a lot of money, but it’s a drop in the bucket on Wall Street,” said Gustavo Dolfino, president of the WhiteRock Group, a headhunter for the banks. “These bonuses are down, and the salaries are not enough for these people. They can’t live on $150 to $180,000, so they haven’t saved any money. They put it on credit lines and at bonus time, they thought they’d pay it off.”


I shed a tear for these guys and gals...no that's just dust in my eye.

Just Let It Bleed.

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