While O’Donnell laudably experimented with to concentrate the audience’s focus onand hopefully last, Charlie Sheen trainwreck interview, courtesy of the tragic undertow that threatens to pull Sheen underneath for good, I used to be overtaken, not through the pulling around the thread, along with the voracious audience he serves. It didn’t make me unfortunate, it produced me angry.
In terms of celebrities, we could be a heartless country, basking within their misfortunes like nude sunbathers at Schadenfreude Seashore. The impulse is understandable, to some diploma. It could be grating to listen to complaints from men and women who like privileges that most of us can not even imagine. Once you can not muster up some compassion for Charlie Sheen, who would make a lot more moolah for a day’s effort than the majority of us will make inside a decade’s time, I guess I can’t blame you.
With the speedy speed of events online and then the data revolution sparked by the Web-based, it is pretty simple for the technology marketplace to presume it’s unique: continually breaking new ground and undertaking facts that no person has actually carried out earlier than.
But you will discover other sorts of corporation that have previously undergone several of the similar radical shifts, and also have just as outstanding a stake inside the future.
Consider healthcare, for instance.
We generally feel of it as a substantial, lumbering beast, but in truth, medicine has undergone a series of revolutions during the past 200 a long time which have been at least equal to these we see in solutions and information.
Significantly less understandable, but nonetheless within just the norms of human nature, may be the impulse to rubberneck, to slow down and find out more about the carnage of Charlie spectacle of Sheen’s unraveling, but with the blithe interviewer Sheen’s life as we pass it in the best lane of our each day lives. To become honest, it can be tough for folks to discern the distinction concerning a run-of-the-mill focus whore, and an honest-to-goodness, circling the drain tragedy-to-be. On its personal merits, a quote like “I Am On the Drug. It is Called Charlie Sheen” is sheer genius, and we can not all be anticipated to take the complete measure of someone’s existence each time we listen to a thing amusing.
Swift forward to 2011 and I am looking to take a look at will mean of staying a bit more business-like about my hobbies (typically music). From the end of January I had manned up and started to advertise my blogs. I had put together a few diverse blogs, which have been contributed to by acquaintances and colleagues. I promoted these actions due to Facebook and Twitter.
2nd: the little abomination that the Gang of Five around the Supream Court gave us a 12 months or so back (Citizens Inebriated) truly has a little bouncing betty of its personal that may particularly effectively go off in the faces of Govs Wanker, Sacitch, Krysty, and J.O. Daniels. Seeing as this ruling prolonged the concept of “personhood” to the two corporations and unions, to test to deny them any ideal to run inside of the legal framework that they had been organized beneath deprives these “persons” of your freedoms of speech, association and motion. Which implies (after again, quoting law school trained family) that both the courts need to uphold these rights for that unions (as particular person “persons” as guaranteed through the Federal (and most state) constitutions, or they've to declare that these attempts at stripping or limiting union rights have to apply to primary 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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