Barack accepted the Nobel Peace Prize today, defending– and in fact espousing– American exceptionalism.
This move by Goldman Sachs to award so-called “shares at risk” is cunning: it sounds great (and it is in fact a much more fair/logical/long-sighted way of distributing bonuses) but it also affects a whopping 30 employees. Goldman has 31,700. So this does not affect the attitudes/behaviors/risk tolerance of the thousands of traders who are evaluating their risk based on their annual bonus pay-outs just like before. Nor does it affect the complexity or the masked risked that goes into 99% of bankers’ work as they structure financial instruments. It’s a cunning move because it’s hard to criticize outright, but it also really does not get at any way to solve the problems of the financial services sector. (It’s a mentality thing, not something which changes when you reorganize pay incentives for the top 30 guys in your firm).
Chad Ochocinco is changing his name again. In 2010 he’ll become “Chad Hachi Go,” Japanese this time for 85.
Gawker deconstructs Ms. Palin’s latest appearance in the Washington Post, showing why her lack of knowledge is this time apparent in regards to global climate change.
I don’t see a thesis in this article, but it seems from the title that the author is trying to compare will.i.am to Irving Berlin. I’d comment on how (un)persuasively that argument is made but frankly I don’t see it anywhere in here.
Finally, also in the realm of ridiculous, via Ella Chou, apparently a girl at Columbia Law School has been accepting applications from her classmates (requesting resumes and undergrad transcripts)…so they can join her study group.
Tags: barack obama, china, cloud computing, columbia university, deforestation, exceptionalism, gawker, GE, goldman sachs, Google, irving berlin, law school, nobel prize, oregon, sarah palin, slate, study group, washington post, will.i.am, wind