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The Fed’s pay proposals are out: a whole lot of nothing? — Federal Reserve
What happens when you pay traders too much: their performance drops off. — Reuters
The Center for Plain Language 2009 symposium is next week. Shame I can’t make it, I’d love to go. — CPL
NYC can buy Battery Park City for $1. Seems like a good idea to me. — NYT
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Center for Plain Language — wow those guys move fast. It was only two days ago I proposed “i-CHANGE” (The Center for Clear Honest Analysis with NO Gobbledeegook or Equivocation)
http://baselinescenario.com/2009/10/20/w hy-is-the-chamber-of-commerce-defending- big-banks/#comment-31356
http://i-changeblog.blogspot.com/
(p.s. if you bump into Jaime “Felix” Caruana in Spain, please convey my apologies. He might even know what I’m talking about)
I remember back in the 1980s a NYC friend of mine described Battery Park City as a place where Wall Street types kept their mistresses. A short convenient distance to hustle over for a noon-time quickie.
Lot of gold mining company earnings released in the past few days, good summary at http://www.goldalert.com/gold_price_blog .php. This is one of the best performing sectors this year, although they have definitely underperformed the past few weeks. But going forward I think the gold price will remain strong and benefit these companies because of the Fed’s easy monetary policies.