- In the December, 2008 Atlantic, James Fallows interviews a Chinese banker who worked here in the US after college. The article is titled "Be Nice to the Countries That Lend You Money." Gao Xiqing, the banker, has it right about derivatives using the example of a mirror. And, to think that the best-and-brightest here have played a type of shell game thinking that the rest of the world consists of a bunch of idiots. Needless to say, Gao suggests that stopping this gaming would hurt, especially CBOE.
- The December 5, 2008 WSJ has an op-ed about some silliness at US colleges ("Pleading Poverty: Colleges Want Parents to Foot the Bill for Their Largess"). Imagine that the head of a small college would make 2.8M in a year. More outrageous than Grasso!
- The December 5, 2008 WSJ has an article about Japan's use of 'temp' workers which is something that they learned from us ("Japan's Recession Hits 'Temps'"). There is a lost generation, essentially, who never got any economic traction.
12/18/2008 -- We can identify players, games, etc.