01.06.2013 Views

Image of the Day

Image of the Day

Image of the Day

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Many commentators are complaining that Congress will refuse to<br />

face <strong>the</strong> difficult issues and kick <strong>the</strong> can down <strong>the</strong> road, leaving <strong>the</strong> fiscal<br />

cliff looming. This would probably be <strong>the</strong> best outcome. As <strong>the</strong> fiscal cliff<br />

is a result, not a cause, to focus on <strong>the</strong> fiscal cliff is to focus on <strong>the</strong><br />

symptoms ra<strong>the</strong>r than <strong>the</strong> disease.<br />

The US economy has two serious diseases, and nei<strong>the</strong>r one is too<br />

much welfare spending. Read More<br />

Crony Capitalism Lives On: New York Times’ Event Headlines<br />

Its Writers With Wall Street Honchos<br />

By<br />

Pam Martens<br />

In what can only be described as an unseemly marriage <strong>of</strong><br />

<strong>the</strong> plundering herd on Wall Street and <strong>the</strong> so-called paper <strong>of</strong> record<br />

assigned with <strong>the</strong> arduous task <strong>of</strong> delivering unbiased investigative reports<br />

to <strong>the</strong> public, <strong>the</strong> New York Times has made <strong>the</strong> deeply unwise decision to<br />

hold “The Inaugural DealBook Conference.”<br />

The all-day conference to be held at <strong>the</strong> New York Times Center on<br />

December 12, headlines Jamie Dimon, Chairman and CEO <strong>of</strong> JPMorgan<br />

Chase – a company under serious Federal investigation on multiple fronts<br />

— and Lloyd Blankfein, Chairman and CEO <strong>of</strong> Goldman Sachs, a<br />

company which faces multiple lawsuits alleging investors were defrauded<br />

and which paid $550 million two years ago to settle SEC charges that it<br />

knowingly harmed its own clients.<br />

The Times’ business writer, Andrew Ross Sorkin, appears to be <strong>the</strong><br />

<strong>of</strong>ficial host <strong>of</strong> <strong>the</strong> conference, delivering <strong>the</strong> opening welcome alongside<br />

Arthur Sulzberger, Jr., Chairman <strong>of</strong> <strong>the</strong> company and Publisher <strong>of</strong> <strong>the</strong><br />

paper. Sorkin will also interview Jamie Dimon on stage and deliver <strong>the</strong><br />

closing remarks at <strong>the</strong> conference. Read More<br />

World:<br />

Egyptian Revolution, Act 2<br />

by<br />

Umm Kulthum (in Cairo)

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!