Tuesday, March 31, 2009
Can design save the newspaper?
A review of Citi field
TUDO É PERMITIDO
Here they are performing the aforementioned slow ballad, Grand' Hotel.
Monday, March 30, 2009
Now that's a workout...
Testing the lad: 3 different viewpoints
Obama fires Wagoner
It's Monday
MOTW: Social Misfit Manager
Sunday, March 29, 2009
How many people does it take to be a country?
The one-half square mile Vatican city-state retains that honor, with approximately 1,000 residents.
Carpet of the Sun
Lyrics are below the video as well as an additional video of an unplugged version of the same song. For those that might think she is lip synching in the electric version, her voice doesn't change one iota in the unplugged version. If anything it's better because it's unplugged. It's just a pure voice, period.
There's a story that during a performance a fan yelled out, "I love you Annie!" Without missing a beat she responded, "You haven't seen me in the morning."
Come along with me
Down into the world of seeing
Come and you'll be free
Take the time to find the feeling
See everything on its own
And you'll find you know the way
And you'll know the things you're shown
Owe everything to the day
[Chorus:]
See the carpet of the sun
The green grass soft and sweet
Sands upon the shores of time
Of oceans mountains deep
Part of the world that you live in
You are the part that you're giving
Come into the day
Feel the sunshine warmth around you
Sounds from far away
Music of the love that found you
The seed that you plant today
Tomorrow will be a tree
And living goes on this way
It's all part of you and me
[Chorus 2x]
See the carpet of the sun
See the carpet of the sun
See the carpet of the sun
See the carpet of the sun
Saturday, March 28, 2009
A philosophical question
No Top Dog award for you!
Haiku
and bring men a chance to rest
from looking at the moon.
Basho (1644-1694)
Friday, March 27, 2009
Who will clean the new 10 million dollar offices?
Today's CEOs or the Pointy Haired Boss?
Cut to the press conference and the first question asked by a member of the press goes something like this, “Sir, on the way in to this conference we noticed that your limo hit and ran over a shareholder in the parking lot. What do you have to say about that?”
The PHB responds, “It will be good for him.”
It seems to me that these days CEOs and other executives are not even feigning concern over the fate of those woebegone people who invested in their companies. Instead they spend most of their time wondering how effectively they can weather the public storm (mostly in the form of Monday morning quarterback congressional hearings) decrying their ineptitude. They also are spending time lining up their companies at the public trough for their share of the bailout. I know that this sounds terrible to say, but I think I prefer the Pointy Haired Boss.
Thursday, March 26, 2009
Live forever...on what?
In an ironic twist of fate, the architects are also victims of Bernie Madoff's Ponzi scheme. The money quote in the video is by Mr. Nobutaka Yamaoka, an inhabitant of one of Mr. Arakawa's and Ms. Gins's exorbitantly priced lofts in Tokyo.
"Before I moved here, I would read Mr. Arakawa's books, but I didn't understand them."
Hold us accountable!
As the recent Jon Stewart-Jim Cramer feud shows, just because someone has funny writers and someone else screams loudly on their show doesn't mean either one of them is right. This Op-Ed is only one page and Nicholas Kristof makes a valid point. Or does he?
Retention at the Citi
Another opinion on the whole AIG public outcry...
More fallout from Bernie's web
Introducing the Hardline
His voice is subtle and goes from raspy blues exhortations to high pitched squeals and runs such a gamut that it makes it hard to classify. It’s good though, really good and his songs range from snappy dance numbers to silky smooth pop constructions with jazzy/funky twists. There is the occasional slow ballad too. The album produced the hits Wishing Well and Sign Your Name. It has sold over 12 million copies worldwide. I like all the songs on this album and enjoy it thoroughly whenever I listen to it. TTD has since changed his name to Sananda Maitreya.
Here he is performing Wishing Well.
Now that's hang time
Wednesday, March 25, 2009
Another view
Out of Towners
Here we are walking the course. As you can see from the sign in the foreground we do warn other unsuspecting park patrons that there may be golf discs flying in the area.
Next up here I am driving on hole 18. Visible from the tee, the basket is straight back in that thick batch of trees. You can see the disc on its way. Also if you look further along in the picture you can see that the fairway narrows considerably where the two trees are pretty close together. As many holes on this course do, this hole rewards accuracy and finesse more than power. Somehow, I managed to birdie the hole.
Here is Matt preparing to drive on hole 18.
Next up, Jim Jr. on hole 18.
Tara, following her flight after her release on the same hole. Is that some body English I see there?
Not to be left out, Jim Sr. lines up his drive on our last hole as well.
The group after holing out on 18. Nice round everyone. Next stop? The 19th hole of course. Actually, that had to wait until later in the evening for all of the group except myself. From what I understand they were going on a pub crawl. I could not make it. I wonder how that turned out?
The other member of the group. Two generations of disc golfers, Jim Sr. and Jim Jr., at basket 18. As you can see, it was a beautiful day and from what they told me they enjoyed the course and a good time was had by all. Oh, and what's that you ask, the scores. Let's put it this way, what scores?
Hopefully one day I will get out to Arizona and they can show me their course. I would really like that. Bang chains.
Segla På Ett Moln
Here is the title track, Segla på ett moln. She can really belt out a ballad, can't she?
Tuesday, March 24, 2009
Best basketball player on the planet right now
Meet the Parents
New CFO at Citi
Being There
Consider the following passage from page 88. Through a series of serendipitous circumstances, our protagonist Chauncey Gardiner is at a dinner party with several powerful people from the United Nations. He is addressed by one of them.
“All right, Mr. Gardiner,” he said, “the President’s speech was reassuring. Still and all, these are the facts; unemployment is approaching catastrophic proportions, unprecedented in this country; the market continues to fall toward 1929 levels; some of the largest and finest companies in our country have collapsed. Tell me sir, do you honestly believe that the President will be able to halt this downward trend?”
“Mr. Rand said that the President knows what he is doing,” Chance said slowly. “They spoke; I was there; this is what Mr. Rand said after they were finished.”
“What about the war?” the young woman sitting on Chance’s left said, leaning close to him.
I'll stop there. This book is such a simple, quick read and yet such an intricate and subtle creation that it speaks volumes to all of us about the convoluted state of today’s society. The more mundane Chance’s pronouncements become the more they are taken to be the wise advice of an illustrious sage. It gets to the point where Chance is feted internationally as a man of substance and conviction. He is quickly elevated to the status of a moral compass and mouthpiece which society as a whole is desperately seeking. This book will resonate with readers today like never before. On top of all that, it's a fun read. The movie version, starring Peter Sellers as Chance, has en ending which is one of the most allegorical and talked about to this day.
Monday, March 23, 2009
It's Monday
MOTW: Fish Out of Water Manager
Sunday, March 22, 2009
Which poem begins...
T.S. Eliot opened the The Waste Land with those now famous words.
Everything is Everything
London Warsaw New York
Saturday, March 21, 2009
Was the answer that obvious?
The elevator.
Jewel to Sparkle
Please don't turn your eyes my way
They're unnerving and undeniable underneath all the work that you do
I can feel the real you
I can see the real you
You're a jewel to sparkle around my neck
The fragrant scent of morning I cannot forget
You're a jewel to sparkle around my neck
The fragrant scent of morning I cannot forget
You're smiling wide with slender frame
You're immoveable in recollection
underneath everything that you do
I can feel the real you
I can see inside you
You're a jewel to sparkle around my neck
The fragrant scent of morning I cannot forget
You're a jewel to sparkle around my neck
The fragrant scent of morning I cannot forget
You're a jewel to sparkle
You're a jewel to sparkle
Through my mind you wander
Spell to bind forever
Pain and ease together
Love can pull us under
You're a jewel to sparkle around my neck
The fragrant scent of morning I cannot forget
You're a jewel to sparkle around my neck
The fragrant scent of morning I cannot forget
Lyrics by Brett Detar
Music by The Juliana Theory
Keep that dish in the fridge
“Morning Donovan,” I said
“W wants to see you immediately,” he replied without looking up from his monitor.
W sat on the ninth floor and had an office with a window. He headed up a lot of committees. It must be important.
“What about?” I asked.
“The problem."
“Of course, the problem…” I invited further explanation, but none was forthcoming.
Donovan was staring straight ahead at his screen, fascinated by some tidbit of information there.
I had no idea what he was talking about, but I refused to appear uninformed. To be uninformed was akin to signing your death warrant. “Well, W knows it’s being looked into.”
“He’s pretty worked up about it.”
“I know,” I bluffed. “It’s a pretty hot potato.”
“You’d better get up there.”
I didn’t have any voice mail messages so I booted up my machine and checked my email to see if there was any enlightenment there. Perhaps there would be a message sent after midnight, which was the last time I had checked it. There was nothing. I steeled myself and rode the elevator up to the ninth floor.
W’s secretary wasn’t in and his door was closed. From within I could hear him saying something about forming a committee that would schedule a meeting to study the feasibility of strategies available as options for various other committees to consider. I knocked.
“Enter,” said the voice from within.
“Morning W. You wanted to see me.”
W was hanging up the phone. He was a corpulent man, the result of too many years of expense reports passed to payables with limousines, fancy dinners and lots of fine wine surreptitiously buried in them, all attributed to non-existent clients. His eyes peered out at me suspiciously from his puffy face.
He scratched his ear and spoke. “The consultants are coming.”
I wondered what on earth he was talking about, but didn’t miss a beat. “Of course they are.”
“Hmm, so you knew about this did you?”
I gave a non-committal response. “Well W, as you well know, transitions are sometimes accompanied by an information vacuum." Who the heck talks like this I wondered to myself.
He thought about that one. The silence in the office could charitably be described as funereal.
“Transitions huh? Well, what’s it all about then?”
“We had to call them in sir. After all, they’re specialists in this sort of thing.”
“Of course they are. They’re consultants,” he muttered. “I thought this was Presky’s idea.”
My heart sank. Presky was my nemesis and he was very close to W. He and W golfed quite a bit together on the weekends. I was certain that Presky filled W's head with bad things about me during their time on the links together. Presky worked in Strategic Services and used every opportunity to make my pitifully understaffed department look bad. He had screwed me over numerous times. More than once he had covered up his going over budget and somehow made it look like it was my fault. Two years ago he had almost gotten me fired for something he did.
“Presky’s a good man sir. If he brought them in then we’re bound to get results.”
He perked up a bit. “Well, that’s all right then. Go get them situated and let me know how it turns out when they’re finished.”
He waved his hand in dismissal and buried his nose in the paper, letting me know the conversation was over. He was reading the style section. An interesting choice since the man had none.
I left and immediately went to Bryant’s secretary to set an appointment to see him. Bryant was an early bird so his secretary had to be one also. Bryant was close to the CEO and had a contact network that was second to none. He was on every single committee. It was hard to see him because he was always in meetings. In all my years with the company I had never seen him actually produce anything.
“He’s in meetings all day,” his secretary told me after my attempt to schedule an appointment.
“Well, can he see me now?” I insisted.
She smiled at me. “He told me he’s not seeing anyone or taking any calls. He’s very busy preparing for a committee meeting.”
Through a cracked vertical blind I could see him in his office throwing darts at his cork board. I left dejected.
I went downstairs and outside to the smoking area. I lit up and thought about the situation. No solution came to mind. By the time I returned to my cubicle I had two frantic voice mails from some members of my staff, wanting to know about the consultants. The situation was becoming untenable. As much as I hated to I had to call Presky.
He answered on the third ring. “Morning Presky,” I said, “I understand the consultants are coming.”
I heard the glee in his voice as he told me that they were already sitting in his office.
“They’ll be by your cubicle to interview you around ten this morning,” he said.
“But I have a very important conference call at ten,” I objected.
“Reschedule it,” he said and hung up.
I mulled that one over. I rescheduled the call and then dialed Hildebrand, the office gossip, to see if he knew anything. Hildebrand was the type of guy who took two or three unrelated bits of office banter and mentally stretched their meaning. He would then add his own conjecture until he had pieced the whole thing together into some sort of nefarious corporate conspiracy. Nonetheless, I was desperate for information.
“Secret project, very hush-hush. I’ve been checking it out. Big problem floating around.” It was the least he had ever put his own spin on any subject. This meant he didn’t know anything either.
It was now eight thirty. I had an hour and a half to find out what Presky and his consultants were up to. I knew one thing. If Presky was behind it the odds were it did not bode well for me. Where could he have gotten the authorization to bring in consultants? You had to go to J.B., the big boss himself, to get that kind of go-ahead. Expenses were tight at our company. You brought in consultants for one thing and one thing only, to cut expenses. Cutting expenses meant cutting headcount.
To me it seemed ridiculous to spend large sums of money on consultants to cut expenses. The consultants translated into even more expense and if management wanted to know where the money went they could ask me. I knew where those types of expenses came from. They began and ended with guys like Presky and W, guys who formed committees and went on boondoggles.
Obviously I didn’t get it and that’s why I wasn’t senior management. My own view was that the seniors called in consultants when they needed someone to blame for things having gone south, but what did I know.
I looked up to see three of my team surrounding my cubicle. They were shuffling their feet and looking concerned. Their spokesperson took the initiative.
“We heard you called in consultants…” she blurted out, “what’s it all about?”
“What’s it all about?” I echoed.
“You hadn’t even told us. They’re coming at ten and we didn’t even know.”
Where did these people get their information I wondered? It was uncanny. Hildebrand must be working overtime. “It’s nothing to worry about, I just wanted to bounce some ideas off them. You know, sort of close the loop on this thing.”
They all looked at each other. “What thing?”
“You know, the problem that came up.”
They nodded in apparent understanding so I added, “Ask Donovan, he’ll fill you in on it. Listen guys, I’m sorry. I don’t have time for this now. Get back to work. I’ll talk to all of you after my meeting with the consultants. I have to prepare for it.”
They left. By now I was sweating. The heat wave rolling through the state was in its second week with no sign of abating. The air-conditioning couldn’t keep up and things were hot everywhere. I stewed for a while and then went to the cafeteria, as good a place as any to bone up on the rumor mill.
There were several groups sitting at tables sipping coffee and eating various assortments of breakfast foods. I took a circuitous route to the vending machines, trying desperately to overhear snatches of conversation along the way.
One group of four in particular had an air of conspiracy about them, their hushed tones giving nothing away. I knew two of them. One worked in Purchasing while the other worked in the Legal department.
I sidled up to them and they fell silent, but not before I heard Purchasing say, “We’re forming a committee to evaluate our options so we can seamlessly leverage our viable potential. We’ll be exploring success transfers for our turnkey operations. It’s all about best practices.” The others nodded their heads sagely and murmured agreement.
“Hi guys,” I said, “What’s going on?”
They mumbled something about paradigms and looked down at their food. I took the bull by the horns and asked, “Anyone hear the buzz about the consultants in Presky’s office?”
The legal eagle spoke. “I saw something about that last week, I had to review the contract.”
“And…” I prompted.
He took on the pious air of someone with insider information. “I’m not at liberty to say anything at this time. There’s a big problem there, a lot at stake. I hear they’re forming a committee.”
My patience was wearing thin and my concern escalating by the minute. “Yes of course.” I said and walked away.
On the way back to my area I stopped in the men’s room. Philson was washing his hands. “Heard about the problem. Tough break, you really can’t plan for those sorts of thing now, can you? You should’ve formed a committee as soon as you heard.”
“Not to worry. I’m following up,” I told him.
“Let’s do lunch sometime,” he called out as I left.
There was nothing for it. I would just have to wait for the inevitable. I walked back to my cubicle and called my wife. I told her to check the balance in our meager savings account and to cut up the credit cards. By this time tomorrow, if Presky’s consultants had anything to do with it, I’d be unemployed. I worked on updating my résumé until the consultants came.
They showed promptly at ten, two suits with staccato talking heads attached. They asked for some privacy so we went to the small conference room and shut the door. They were polite, but that didn’t stop them from taking turns asking a barrage of questions. I parried the questions as long as I could; giving nothing away, anything that I thought would help Presky bury me. About ten minutes into the interview I got an eerie feeling. By the types of questions they were asking it became clear to me that there was something very seriously wrong. The light bulb suddenly came on.
“You guys aren’t consultants. You’re Feds.”
Suit number one spoke. “Mr. Phelan, you must keep this in complete confidence. We’ve set up a cover story, complete with a consulting contract to make our spending a few weeks asking questions around the various departments seem as plausible as possible. Yes, we are with the government. We’re investigating illegal goings on in the company, money laundering, fraud, a big Ponzi scheme, that sort of thing. You’re a key source in this investigation, managing the MIS department you do. So please, answer our questions as best you can.”
“Call me Frank. Can I ask a question?”
“You may, however we may not be able to answer it.”
“What were you doing in Presky’s office so early this morning? Why is he your contact in this whole thing?”
They looked at each other and in an unspoken agreement seemed to make a decision. Suit number two took the initiative.
“This investigation was set up at the highest levels. We aren’t supposed to do this, but since you are one of the key sources of information we will. This is strictly off the record. The target of this probe is Mr. Presky. Apparently he and a fellow who goes by the initial W with no period behind it have been up to some shenanigans with the company’s financial control and accounting systems. Presky was the one used to set up the consulting contract. Our experience in these types of investigations has shown that when the target of a probe, unbeknownst to them, is also the driving force of it, they are usually the last to know the true purpose. It’s sort of a hide in plain sight strategy, if you will. So please sir, now will you answer our questions?”
I rolled up my sleeves and grinned. “Like I said guys, call me Frank. Ask me anything, anything at all. What do you want to know?”
They started firing away, but I stopped suit number two in mid sentence.
“Do you guys mind if I give you some pointers?”
“Go ahead,” he said.
“Well, you’ve got to beat them at their own game. So, if you want to stay here and ask questions and not blow your cover, you should make an initial recommendation to Presky and W that they form a committee. They’ll expect that from you, since you’re consultants. Actually, recommend two committees and have each of them chair one. Copy Hildebrand on all your communications. If you don’t he’ll dig and make stuff up which may cause problems. Make sure Bryant sits in on all the meetings. Philson should sit in at least once a week so he feels involved.
You can start by saying that one committee is a task force to brainstorm the different aspects of the project you assign them, whatever that may be. Have them prepare capacity plans and a force field analysis. The other one can prepare Pareto charts and a feasibility study. That will take two weeks. Set up a conference call once a week to track progress.
Then you can bring the two committees together to prepare a white paper that in turn will be the raw data for a straw man. That’s another couple of weeks at least.
Then they’ll actually have to prepare the straw man. You just bought yourselves another week. After that you can have them present the straw man to an oversight committee of your choosing which will evaluate and recommend partnering strategies for the two committees to work together discussing viable alternatives for implementation. That’s another two weeks minimum.
Finally, they won’t be able to make a decision so they’ll look to you guys to tell them what to do. Tell them you need a week to come up with your final recommendations and you’ll have had eight weeks to unearth whatever it is you’re looking for.”
I was on a roll so I stopped and looked up. They were busily taking notes.
"What do you recommend the overall project should be?" one of them asked.
I thought about that one. Things were looking up. I was going to have fun directing this investigation. In my mind I had already dubbed it Operation Cold Dish, as in the old adage, “Revenge is a dish best served cold.”
Friday, March 20, 2009
Petra: The forgotten city
Petra, which was founded by Nabataean Arabs, is located in present day Jordan. Once a very important trading center, the abandoned city was forgotten by the Western world for hundreds of years before being rediscovered in the early 19th century.
Hank Greenberg is suing
Is it just me, but with all the bailouts, the bonus scandals, the bailout monies going to the list of firms which AIG had to be pressured to disclose, don't you think we should just take that trip to the glue factory and deposit AIG there? Oh, and by the way, the CEO who was in charge at AIG when the stuff really hit the fan is an ex-Citi executive. Just saying.
Thursday, March 19, 2009
Will Citi lose its Mexican crown jewel?
What the heck? I'm speechless
Wednesday, March 18, 2009
Make them fly coach: Chapter 1
Mommy is angry and talking tough
Newspapers going digital
Tuesday, March 17, 2009
Nathaniel Adams Coles
Citi: We can rebuild him...
It's all in the fine print
Citi: Perhaps not hopeless
Patrick, Patron Saint of Ireland: An exploration of myths
In the course of our research the three most prevalent myths which we ran across were the following:
Myth 1) Patrick: Patron saint of the all night pub crawl.
While the available body of evidence does not allow the dates of Patrick's life to be fixed with certainty, we do know that he had an innate ability to convince hordes of people to follow him around from pub to pub as he looked for the ever elusive inspiration of his life’s work in the bottom of a pewter mug after consuming its contents. It is unclear what the contents of said mugs were, but third hand accounts have stated that the longer the night went on, the more garbled Patrick’s fabled pronouncements became, to the point where his wife would have to come and pack him off home, since his speech had become completely slurred and unintelligible. An interesting side note to all this is that there is not even one reported bodily injury to Patrick or any of his followers during any of these nocturnal excursions.
Myth 2) Patrick: Luckiest man in all of Ireland.
Many have stated that Patrick was sanctified due to his incredibly long run of good luck, since no one believed that any human being could enjoy such an implausible stretch of beneficent fortune without divine intervention. Ironically, the minute he was canonized his run of luck ended and his golf game suffered terribly as a result. Patrick never forgave his promoters for this and he died an embittered man with a 47 handicap.
Myth 3) Patrick: Banisher of Snakes.
Legend has it that when Patrick’s pet python reported him to the Irish version of the Society for the Prevention of Cruelty to Animals for not feeding it Lobster Thermidor and Chateaubriand every other Friday evening, Patrick banished it and all snakes from Ireland in a fit of pique. Sadly, Patrick’s wife also left him for the very same reason and his attempt to similarly banish all women from the Emerald Isle was met with fierce resistance from the rest of the country’s male population. Patrick eventually remarried and at the time of his death was working on a petition to allow only female snakes back on the island.
Conclusion
It is our hope that this explanation has clarified any doubts readers may have about the legend of Saint Patrick. Suffice it to say that he is still venerated today more than ever. This is evidenced by the fact that on March 17th, St. Patrick’s Day, millions of people around the globe drink millions of gallons of green beer and march in parades, all in remembrance of his name. So, happy Saint Patrick’s Day and Erin Go Bragh!
Have you ever seen something that was vandalized?
They were a Germanic tribe that conquered Spain and Gaul, and sacked Rome in the 5th century.
The Art of Tea
Click here to see a live version of Eggplant, which is track 2 on the album.
Monday, March 16, 2009
The Step-Dad weighs in
Waning gibbous moon
It's Monday
MOTW: Charmed Manager
Sunday, March 15, 2009
This is unbelievable
Mad About You
Saturday, March 14, 2009
Be healthy, be really healthy
Quote for today
Prime Minister Wen Jiabao, of China.
Fun fact for Saturday
The longest river in the world is the Nile in Africa, which flows 4,160 miles to the Mediterranean Sea. The next two rivers in length are the Amazon and the Chang Jiang (Yangtze) Rivers.
Whatever happened to pay for performance?
The money quote of the article, "A guaranteed bonus is an oxymoron -- a bonus should only be given for superior performance," said Richard Ferlauto, director of corporate governance and pension investment for the American Federation of State, County and Municipal Employees. "Particularly given the precarious situation that Citi is in, folks shouldn't be rewarded until they create additional shareholder value."
For House fans
Friday, March 13, 2009
Our primary lender is starting to get skittish
Iron Man sequel gets platinum lady added to cast
The Trojan Horse
The Trojan Horse has its genesis in classical literature. According to the story, Odysseus conceived the clever idea of smuggling Achaean troops concealed in a wooden horse into Troy to defeat the hostile Trojans. But, contrary to popular opinion, the horse was not presented to the unsuspecting Trojans as a gift. Rather, it was merely left in the abandoned Achaean camp outside the city walls. Curiosity got the better of the Trojans, they took the bait, and the city was conquered.
White Feathers
Thursday, March 12, 2009
Madoff's Bail Revoked After Guilty Pleas to ALL Charges
Thank you for doing your job
Big Papa said it so it must be right
Mark Twain's The Adventures of Huckleberry Finn.
Post
Uncle Vik reaches into his pockets, finds spare change
El Satanico Dr. Cadillac
Wednesday, March 11, 2009
Scam victim rage by proxy
Smooth is far
Today felt like a video day so here is a Disc Golf one. Proving the old axiom "Smooth is Far" once again, 4 of the sport's best pro players tee off on hole 2 at the European Open Disc Golf Tournament.
In order you have Ken "The Champ" Climo, David Feldberg, Timo Pursio and Avery Jenkins, the leader group of the tournament's second round. The first three play safe and make an easy (for them) mid-range drive to behind the OB area. Jenkins makes a long drive over the OB to the other side. Notice how even the long drive by Jenkins (last on the tee) is one smooth, flowing motion. He is however, the only one to take a pre-flight pump.
She speaks about Citi again
I've refrained in the past from referring to her because it would be too easy, (like shooting fish in a barrel) but she's been right every time before and was the first one to call it way back when. So why not now? Listen to what ole Meredith, speaking with Maria Bartiromo, has to say about Citi and their latest "leaked" internal memo. It's a ten minute piece of tape starting with a general view of the credit crunch, so if you are just interested in the Citi part go to the 4:20 (hmm) mark.
The money quote, "By my math, they don't make money in any of their businesses."
A Madoff victim speaks
How old...
Tuesday, March 10, 2009
The other side of the coin?
From the "too big to fail" file: What if?
Trees will be happy
Uncle Vik must have gotten the message
A Radical Prescription
Having decided this, he made B sign a consent form that for a month he would answer no telephones, would not check email or the Internet and that he would head out to his brother’s farm and follow the farmer’s instructions to the letter. B’s last act before heading out to the country was relinquishing his Blackberry, cell phone and laptop to the counselor who dutifully promised they would be waiting for him safe and sound upon his return from the cure.
B arrived at the farm with some trepidation since he had never done any manual labor in his life, but the farmer soon set him at ease. After a healthy dinner at five p.m. the farmer showed him his room and explained that the next day at five a.m. he would awake B and hand him his first assignment.
The next day the farmer told B what his first task would be. “According to my brother,” he said, “you’re here for a month. The farm has 45 acres. 44 of them need to be fertilized. Normally I would bring a truck in and do this myself, but since you are here to recover from your incident through manual labor you are going to fertilize the entire 44 acres by hand. You will take the cow dung, shape it into round pies with your hands and drop these patties in a symmetrical pattern 100 feet apart throughout the entire farm except for the acre the house and barn sit on. I have calculated that this task will take you about two weeks, excepting Sundays which are your day of rest. Do you have any questions?”
“Seems pretty straightforward,” replied B and set off to fertilize.
That same evening, B returned to the farm house covered from head to toe in manure and said to the farmer, “All done.”
The farmer’s jaw dropped in disbelief, but when he went out in his tractor to inspect B’s work he found the claim to be true. He couldn’t believe his eyes. The entire 44 acres were completely fertilized to his specifications.
The next day he gave B his second assignment. “Over in the coop you will find about 2,000 chickens. Although modern technology has found a use for almost every part of the chicken the wholesalers still do not buy the head from me. I need you to go into the coop, chase every chicken down and decapitate each one. The truck is coming in a week to collect the carcasses so you have until then. Any questions?”
B merely shrugged and wandered off in the direction of the coop. That evening, he came back, completely covered in feathers and blood and laconically reported to the farmer. “Finished,” he muttered.
The farmer was surprised but by now realized that this corporate type was no ordinary individual so he strode off to the coop to inspect B’s handiwork. Sure enough, all the chickens were decapitated, with their bodies lined up perfectly and the heads off to the side in a separate pile. The farmer marveled at B’s productivity and thought that it was no wonder that Corporate America was the world leader in business (right?). How could it not be with denizens of B’s efficiency within its ranks.
The next day the farmer reluctantly handed B his last assignment. “You know B,” he said, “I had thought that I would have enough work for you for the entire month, but when you’re done with this last task I’m going to call my brother and tell him you’re ready to go back to work. I must say though that if you want to stay here and help around the farm I’ll be more than glad to hire you because you’re the most efficient farmhand I’ve ever come across. Anyway, your last chore is in the barn. There you’ll find two tons of potatoes, all interspersed. There are large potatoes and small potatoes. Your task is to separate them into two piles since the big ones will be taken away and packaged as bakers and the smaller ones go to fast food chains for fries. I had budgeted a week for you to complete this task, but seeing the way you’ve tackled the last two jobs I expect you’ll be done in no time at all. Any questions?”
“Not really,” replied B and off he went.
A week went by and the farmer began to wonder. B had not come back from the barn and reported. Nevertheless, his brother’s instructions had been adamant. Under no circumstances was he to intrude upon B during his assignments as B had to work out his issues by himself. Time continued to pass with no word from B until the entire month was up. Finally the farmer went to the barn to see for himself. He walked into the barn and saw B standing in front of the mountain of potatoes. It didn’t seem as if B had even begun to separate the spuds. As he drew nearer he saw that B had a potato in each hand and was staring at them quizzically. There was an eerie silence and he could see B was sweating profusely. He had a panic-stricken, confused look on his face. The farmer touched B lightly on the shoulder and B jumped, his hands shaking as he dropped the two potatoes to the floor.
The farmer gently asked, “B, what seems to be the problem? You did so well on the other two assignments. I expected you to knock this one out no problem, but here I find you with the first two potatoes in your hand after almost three weeks. Please tell me, what went wrong?”
“Well, you know I’m a Vice President in a Fortune 500 company,” B replied, “so let me explain. When it comes to spreading bullshit around or cutting heads I’m excellent, but for heaven’s sake, please don’t ask me to make a decision. I’m clueless at that.”
I live in a pretty low lying area, but...
Earth's lowest point on land is the Dead Sea, in Israel and Jordan, which is 1,312 feet below sea level.