In my last year on Wall Street my bonus was $3.6 million — and I was angry because it wasn’t big enough. I was 30 years old, had no children to raise, no debts to pay, no philanthropic goal in mind. I wanted more money for exactly the same reason an alcoholic needs another drink: I was addicted. … I wanted a billion dollars. It’s staggering to think that in the course of five years, I’d gone from being thrilled at my first bonus — $40,000 — to being disappointed when, my second year at the hedge fund, I was paid “only” $1.5 million.
For the Love of Money
by Sam Polk
posted by Jasper Friendly Bear
on Jan 20, 2014 -
"What is a cult film? A cult film is one that has a passionate following, but does not appeal to everyone. James Bond movies are not cult films, but chainsaw movies are. Just because a film has become a cult movie does not automatically guarantee quality. Some are very bad; others are very, very good. Some make an awful lot of money at the box office; others make no money at all. Some are considered quality films; others are exploitation movies. One thing cult movies do have in common is that they are all genre films - for example gangster films or westerns. They also have a tendency to slosh over from one genre into another, so that a science fiction film might also be a detective movie, or vice versa. They share common themes as well, themes that are found in all drama: love, murder and greed."
- of the British TV film slots accompanied by an introduction perhaps the most celebrated
, running between 1988 and 2000 and presented first by Repo Man director Alex Cox
and then film critic Mark Cousins
. [more inside]
posted by Artw
on Aug 3, 2012 -
In 1943, while the Allies were busy battling the Axis Powers and the Nazi Regime, there was another
kind of war that was being waged against a helpless populace (living on the Indian Sub-continent). A war
that has been largely ignored by the mass media and the history books of our time. It is known as the Great Bengal Famine
, and ended up causing the death
of an estimated 1.5 million to 4 million
posted by hadjiboy
on Aug 30, 2008 -
A few years back
ASCAP, the performing rights agency that collects fees on behalf of songwriters and publishers, attempted to collect licensing fees from summer camps for songs sung around the campfire by Girl Scouts. This week
, PRS, the UK equivalent of ASCAP, flexed its muscles by demanding a licence fee from a guitar shop owner for customers who play copyrighted riffs while testing instruments. Jimmy Page
must be rubbing his hands together.
posted by gfrobe
on Dec 18, 2005 -
Greed May Not Be Good, But It Sure Comes Easy And Feels Lovely, Thank You Very Much:
Just how greedy
are you? Lately I've been rereading Rabelais's
outrageous, politically incorrect, magnificently written Everyman's edition
of Gargantua and Pantagruel, in Thomas Urquhart's and Peter Anthony Motteux's no less magnificent translation
]. Everything in this 16th Century book seems to address us and challenge us to be - how shall I put it? - up to it
. It's rolicking; bawdy; irresistible. Too much is not
enough, indeed. Just how valuable is excess of all sorts? Very, I'd say. And this century presents unique opportunities for overdoing it in the most delightful way, wot, wot?
posted by MiguelCardoso
on Jun 27, 2003 -
WorldCom goes boom.
(NY Times link.) Another big firm with accounting, ahem, "issues" declares bankruptcy. If you're comparing these disasters by size, this one completely blows Enron and Global Crossing out of the water.
posted by mrbula
on Jul 21, 2002 -
Someone we trust says something reassuring.
Fed Chairman Alan Greenspan, arguably the most powerful man in the world, blames "infectious greed" for the recent panic-like tail-spins on Wall Street, but says that the economy is on the way to recovery. One comment held that Greenspan was finally able to let out how he feels about what's going on, without shrouding his opinion in economic jibber-jabber.
"For once he really spoke his mind. He usually tends to obfuscate things quite a bit."
But really, how many of you expected Greenspan to say anything other than "the fundamentals are in place for a return to sustained healthy growth"? Does Greenspan actually feel this way? Could it be that he is actually majorly pessimistic, but is using his soothing sweet-song voice and obvious clout and earned respect to somehow buck recent trends? Bush's speech didn't do much for our faltering economy, but will Greenspan's? Can one man's mere words possibly change the course of history? Well?
posted by Hammerikaner
on Jul 16, 2002 -
Gasoline price gouging reported.
In the wake of yesterday's tragedies, I'm not surprised by the courage and resolve many have demonstrated. I'm also not surprised by the nauseating greed evidenced by others. What's the price of gasoline (or other goods and commodities) doing in your part of the country?
posted by Big Dave
on Sep 12, 2001 -
The problem isn't too much greed, but too much cowardly greed.
"Spineless lenders, weak-kneed investors and meddling regulators intent on reducing risk pose a greater threat to the global economy than the volatile financial markets... 'The critic's image of the global financial markets as a giant casino is wrong," [writes British financial writer Daniel Ben-Ami], 'On the contrary, the modern financial markets are more often characterized by a fear of risk-taking than a reckless disregard for danger.'"
posted by tranquileye
on Aug 2, 2001 -
Aslan gets a makeover? (NYTimes link, reg. required, sorry.)
Apparently Harper-Collins and the C.S. Lewis estate see a Harry Potter
-style merchandising bonanza in the Narnian Chronicles -- if they de-emphasize that pesky Christianity, that is, and write a few more Narnia books, and produce some plush toys of the Narnian characters. I feel queasy.
posted by litlnemo
on Jun 3, 2001 -
So we think we're free?
Bill Moyers tells us that we're in the grip of the mega-corporate media who know how to lavishly butter their own bread. And if we like jam? Too bad.
posted by caraig
on Apr 22, 2001 -
If any of you hypocritical snobs think the Christmas season has been ruined by consumerism, University of Florida Prof James Twitchell is here to set you straight - A century ago, Twitchell says, people relied on family ties, professional status or religion to provide them with...a sense of meaning in life...
Today...an expensive handbag can mean as much as a college degree or membership in a church...And that, Twitchell says, is a good thing.
posted by twitch
on Dec 23, 2000 -
Capitalism to the extreme in Russia.
A Russian Grandma was caught trying to sell her grandson for $90,000. No she wasn't selling him to some adoption agency so he could go to a 'caring family' somewhere in the west. She was selling him for his organs
. She even rips off her other son (the boy's uncle). His excuse, "I wanted to buy a house and a new car and some clothes. It was my dream
." I'm sure it was his nephew's dream as well to be sold for his organs.
posted by jay
on Nov 28, 2000 -