The turning point for Stephan Jung came in February, around the time bonus checks were slashed. [Quelle surprise!] A veteran of UBS, one of many banks tarnished by the financial crisis, Mr. Jung realized that the old Wall Street would not be bouncing back any time soon. It was time to head for the new.
Lawrence Summers, the president’s chief economic adviser, made $5.2 million in 2008 from a hedge fund, D. E. Shaw, for a one-day-a-week job. He also earned $2.7 million in speaking fees from the likes of Citigroup and Goldman Sachs. [Yet/And at] the start of his stormy and short-lived presidency, Summers picked a fight with Cornel West for allegedly neglecting his professorial duties by taking on such extracurricular tasks as cutting a spoken-word CD.
Jim Kunstler in clusterfuck nation:
We'll soon find out whether an organism the size of the United States can run an economy based on one family selling the contents of its garage to the family next door. My guess is that this type of economy won't support the standards of living previously enjoyed in places like Dallas and Minneapolis.
Another 15-year-old has died after being tasered by the Warren Police Department of Warren, Michigan. You'll remember that not even a fully month ago another 15-year-old boy died after a tasering in Bay City, Michigan.
Warren -- A Detroit teenager who police say fled a traffic stop Friday died after being subdued with a Taser. He is the second Michigan teen to die following a Taser stun in less than a month.
Woody Harrelson's explanation for an alleged tussle with a TMZ photographer at New York City's La Guardia Airport Wednesday night is Method acting. "I wrapped a movie called Zombieland, in which I was constantly under assault by zombies, then flew to New York, still very much in character," Harrelson said in a statement issued by his publicist and obtained by CNN. "With my daughter at the airport I was startled by a paparazzo, who I quite understandably mistook for a zombie."
Hey, it's not every day that the man we laughingly call Pravda's "editor" argues that our political system has "failed" -- and where was he from 2000-2008 -- but if the Blue Dogs are on board with a solution, then sign me up! Read more about Fred Hiatt has the solution for "fixing the budget"
UPDATE: See hipparchia's comment for how much less a Medicare for All system would cost.
One of the sticking points emerging in the health reform debate is whether to include a public insurance plan that could either be open to certain groups like the self-employed or perhaps be available to everyone. Now a new study by the Lewin Group spells out how much the premiums for such a plan might be and projects how many people might join.
Those of us who oppose the Emanuel-Fuchs plan (((an "access plan" now being promoted behind the scenes within our own administration - - - a plan which would not only mandate an all-private insurance scheme without a public option, but would actually phase out and privatize traditional Medicare, our most viable model for Single Payer))) ?
you got nuthin to lose. Or, in long form:
If you aren't dependent on "progressive" funding sources who want to enforce "message discipline," you don't have to worry about your funding being cut off if you speak an unseasonable truth.
Funding should be organic. Which reminds me, I really to have to set up that advertising module that I've been testing. We could call it a "tag sale".... Read more about When you ain't got nuthin