Let’s say you’re empty-walleted Tim Geithner, and a senior Citigroup executive offers to buy your home — currently being rented out for rather less than its monthly cost — for the full asking price of $1.575 million. Naturally, you suspect that your identity is responsible for the fact that the buyer isn’t looking to haggle over the price. What do you do?
As the current crisis evolved, global governments and central banks went into their arsenals and wheeled out a series of fiscal and monetary weapons — including, famously, a bazooka. The central banks even managed to improvise a few brand-new armaments of their own, mostly carrying unpronounceable four-letter acronyms like TSLF.
As every financial journalist knows, if you talk to self-proclaimed experts at investing in some given asset class, those experts will always tell you that what you really need, if you want to invest in their asset class, is expertise. This is not helpful. But Brett Arends seems to have bought it, at least when it comes to wine:
Dealscape joins in the Bloomberg-bashing:
Bloomberg’s attempt to wring a bit of news out of an apparently boring interview with Zipcar CEO Scott Griffith makes it clear the traditional news outlets are often just as guilty of churning out nonsense as the user-generated content, blogs and tweets they fear.
Tomorrow is the two-week anniversary of Dan Colarusso‘s last blog entry — and last day of work — at The Business Insider. After the fanfare surrounding his arrival, his departure after just four months on the job has been very quiet indeed, but does raise the question of whether and how a group blog should try to manage its contributors.