doctor paradox

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"So, for large complex financials, capital cannot be measured precisely enough to distinguish conservatively solvent from insolvent banks, and capital positions are always optimistically padded. Given these facts, and I think they are facts, even “hard" capital and leverage restraints are unlikely to prevent misbehavior. Can anything be done about this? Are we doomed to some post-modern quantum mechanical nightmare wherein “Schrödinger’s Banks" are simultaneously alive and dead until some politically-shaped measurement by a regulator forces a collapse of the superposition of states into hunky-doriness?" -- steve randy waldman
They've got you scared And on the run Always working hard Never any fun Mindfulness is worthless Mindlessness is key The trick that keeps them them The trap for you and me They got you runnin' 'round Suspicious of any sound Especially from your heart Especially from the ground There's no time to question And no time to be But there for the looking Is what they don't want you to see That worth is not money Worth is not work Value is vulnerability Where your demons lurk Long it's been said That the poorest must toil So the elite can have bread The rich can strike oil We're all at the back of the bus The back of the train Always them vs. us Always for their gain We fight each other Instead of our common enemy Sister torn from brother By self-loathing malady A disease imposed Manufactured at the top Distributed to the exposed Infecting every crop A deep foul sickness Akin to a curse Struggling to escape it Only make it worse Like drowning men We clutch for the shore Gasping...
by doctor paradox · April 8, 2009 “We’re looking, of course, at ways to extract payments from the consumers of our news — micro-payments, subscriptions, memberships, licensing, even voluntary donations," Bill Keller, executive editor of The Times, said last week in a speech at Stanford University. Time Inc. EVP John Squires used strikingly similar language in a recent statement about figuring out how to “save magazines": these guys are busy scratching their brains about how to “get a payment from a consumer." So what’s missing here? How about any discussion of how to actually provide better value to the consumer? Or perhaps how to reach consumers in the new landscapes they’re inhabiting? Nope. We don’t hear much about that. It’s all fire and brimstone about how consumers have the audacity to skim headlines to absorb the news (did these guys think people read newspapers cover to cover when they come on paper?) or how Google dared to invent a way to find stuff you were look...