MetaFilter posts tagged with Street and wall

How Markets Crowd Out Morals: A Forum On The Corrupting Effects Of Markets

jhandey — Wed, 30 May 2012 12:16:30 -0800

How Markets Crowd Out Morals: A Forum On The Corrupting Effects Of Markets Michael J. Sandel - Some economists think markets can benefit all spheres of human activity. But they’re wrong: markets can erode important goods and social norms. Not only are there some things money can’t buy, but there are also many things it shouldn’t. Responses: Richard Sennett - When the market is everywhere, we lead a socially impoverished existence. Matt Welch - Because Sandel disagrees with people’s choices, he wants to take those choices away. Anita L. Allen - Financial incentives are improperly used to induce African Americans to embrace “good” behaviors. Debra Satz - Debating the place of the market is less about the value of goods than about inequality. Herbert Gintis - Tolerance, equality, and democracy have only flourished in market societies. Lew Daly - Making money, formerly an exclusive realm of cosmic evil, is now “doing God’s work.” Samuel Bowles - Even market enthusiasts know that society can’t function if people are the amoral, self-interested calculators of blackboard economics. Elizabeth Anderson - The profit motive is corrupting the justice system. John Tomasi - Free markets are a kind of fairness. Michael J. Sandel replies - By keeping markets in their place, we can avoid their corrosive effects.

Yale Economist William Nordhaus disses global warming deniers

blueberry sushi — Wed, 29 Feb 2012 18:13:12 -0800

In January, 16 scientists and/or engineers wrote an opinion piece in the WSJ. This is the response of one of the academics cited in their piece: William Nordhaus. According to the 16 scientists/engineers, Nordhaus recommended no action on climate change for 50 years. But he didn't. The opinion piece has generated controversy among climate scientists as well.

Greater Depression?

beukeboom — Sun, 19 Feb 2012 17:43:08 -0800

Joseph E. Stiglitz "argues that the U.S. is now facing and must manage a similar shift in the 'real' economy, from industry to service, or risk a tragic replay of 80 years ago."

In Distrust Of Movements

eustacescrubb — Sat, 04 Feb 2012 14:09:17 -0800

Twelve years before Occupy Wall Street Wendell Berry imagined something like it. In his essay, "In Distrust of Movements," Berry proposed a "Movement to Teach the Economy What It is Doing" - which the Occupy movements at least attempted. Interestingly, the very qualities that prompted Berry to say he didn't trust movements are the very ones the media wanted to the Occupy movement to have: "I am dissatisfied with such efforts because they are too specialized, they are not comprehensive enough, they are not radical enough, they virtually predict their own failure by implying that we can remedy or control effects while leaving causes in place. Ultimately, I think, they are insincere; they propose that the trouble is caused by other people; they would like to change policy but not behavior."

Kappa Beta Phi evening of racous fun

pallen123 — Sun, 22 Jan 2012 16:29:37 -0800

Billionaires doing skits dressed in drag. Kappa Beta Phi, an exclusive Wall Street fraternity whose members include big-name bankers, hedge fund billionaires and private equity titans, met at the St. Regis Hotel in Manhattan on Thursday night...

Hey, hey, hey.. Gooood-bye!

ReeMonster — Mon, 14 Nov 2011 22:52:26 -0800

Occupy Wall Street is building the barricades at this very moment. NYPD has begun clearing Zuccotti Park.

Occupy Samsara

2or3whiskeysodas — Wed, 09 Nov 2011 07:42:48 -0800

"As teachers and leaders of communities that promote the development of compassion and mindfulness, we are writing to express our solidarity with the Occupy movement now active in over 1,900 cities worldwide....

"The structural greed, anger and delusion that characterize our current system are incompatible with our obligations to future generations and our most cherished values of interdependence, creativity, and compassion. We call on teachers and practitioners from all traditions of mind/body awakening to join in actively transforming these structures."
Occupy Samsara. And here's a transcript of Robert Thurman's speech at Liberty Plaza. Video(s) here.

Wisconsin unions; plus Obama and Wall Street

KathyBraid — Sat, 26 Feb 2011 10:52:14 -0800

SEIU past leader speaks on Wisconsin The battle is for the future our our country, the middle class, and public ownership of public goods

Best and Worst Jobs

Confess, Fletch — Thu, 07 Jan 2010 21:19:36 -0800

Wall Street Journals 200 Best and Worst Jobs

Wall Street's Near Death Experience

SeizeTheDay — Tue, 06 Oct 2009 17:21:32 -0800

Wall Street's Near Death Experience

"Because the math is really complicated people assume it must be right."

dersins — Tue, 10 Mar 2009 12:36:14 -0800

They are known as “quants” because they do quantitative finance. Seduced by a vision of mathematical elegance underlying some of the messiest of human activities, they apply skills they once hoped to use to untangle string theory or the nervous system to making money. "They Tried to Outsmart Wall Street." [spoiler inside] They failed.

Liar's Poker was not intended as a how-to manual.

bitmage — Tue, 11 Nov 2008 13:08:07 -0800

The End of the Wall Street Era. “We always asked the same question,” says Eisman. “Where are the rating agencies in all of this? And I’d always get the same reaction. It was a smirk.” He called Standard & Poor’s and asked what would happen to default rates if real estate prices fell. The man at S&P couldn’t say; its model for home prices had no ability to accept a negative number.

The author of Liar's Poker on the collapse of the subprime industry.

What is a trash-out?

wallstreet1929 — Sun, 05 Oct 2008 18:00:11 -0800

What is a "trash-out?" When you see this, you feel like this. And some music to go along. After Monday, bunker or hunker ?

Paulson: Foreign Banks Can Use US Rescue Plan.

wallstreet1929 — Sun, 21 Sep 2008 10:30:45 -0800

Paulson: Foreign Banks Can Use US Rescue Plan. Treasury Fact Sheet, "broader eligibility" if Paulson decides. Pressure builds at Morgan, Goldman. You Decide (kinda), probably no one listens.

If you can't say it in words, say it in song

Lord_Pall — Fri, 08 Feb 2008 09:56:21 -0800

A most succinct explanation of the current problems facing Wall Street.

The You Generation

wallstreet1929 — Tue, 29 Jan 2008 12:47:46 -0800

Is foreclosure right for you? Walking, a click away.

Subprime contagion

wallstreet1929 — Sat, 11 Aug 2007 22:24:34 -0800

This isn't 1998. There's no model for what's happening now in the housing and mortgage industries. 116 mortgage lenders have imploded since 2006. 11 hedge funds have imploded in just the last couple months. Time to warm up the helicopters?

Fox in Print

destro — Fri, 06 Jul 2007 08:31:55 -0800

Newsfilter: Murdoch Buys The Wall Street Journal/Dow Jones After some protests from editors about what sort of control News Corp. would have over the paper, a deal has been reached with the Bancroft family that runs the paper to sell for $5 billion. Murdoch gave up some demands for editorial control but still has the ability to hire and fire editors at will, making this the same sort of fig leaf agreement he made with the Times of London.

Wall Street Journal owners officially considering joining the Borg

specialk420 — Thu, 31 May 2007 23:01:16 -0800

Wall Street Journal owners officially considering joining the Borg
Minority owner Jim Ottoway vehemently opposed. One wonders what the opinion of a Senator from New York is?