January 2011
6 posts
“47 percent of us trust the IRS compared with 36 percent ten years ago. The U.S....”
– Donovan Hohn, senior editor at Harper’s, in A Superbowl Spot for Uncle Sam. Harper’s tasked a group of ad creatives (Perry Fair of Grey Group, Mark Fitzloff of Wieden+Kennedy, Thomas Frank of Harper’s, Marc Sobier at Goodby Silverstein & Partners, and Con Williamson at Saatchi...
Idea: A Gym Membership that Charges You for Not... →
genius.
Concentration of Power
According to recent financial data from the 3rd quarter of 2010, six banks represent 64% of GDP. These are JPMorgan, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley. In 2006, before the financial crisis, that number was 55%. And fifteen years ago, it was 17%.
“The point, though, is that anyone who claims that transferring some income from...”
– Paul Krugman, Economics and Morality. I always enjoy reading the comments on Krugman’s blog.
Why Is The US Taxpayer Subsidizing Facebook – And... →
Goldman Sachs is investing $450 million of its own money in Facebook, at a valuation that implies the social networking company is now worth $50 billion. Goldman is also apparently launching a fund that will bring its own high net worth clients in as investors for Facebook.
On the face of it, this might just seem like the financial sector doing what it is supposed to – channeling funds into...