Counterparties

By Felix Salmon
September 13, 2010
WaPo

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Even in New York City, $250,000 is rich — WaPo

Woman doors & kills cyclist, then tries to leave for a baby shower. NYPost commenters pile on, blaming… the cyclist — NYP

“Fortuitously, there exists one location that would be ideal for the ‘Ground Zero mosque.’ That would be Ground Zero.” — TNY

Sue Craig, in her first NYT story, recapitulates a story she wrote, better, 4 years ago — NYT, Times

“The value of a house is the capitalised value of the stream of housing consumption provided by it over its lifetime. So it depends on the capitalisation rate used. You can’t ignore the level of interest rates in thinking about these things.” — Dsquared

Even after Lehman collapsed and Einhorn’s Allied book was published, Allied was paying Sitrick to discredit him — Boyd

Forbes Jumps the Shark — MoJo

The Death Of The RSS Reader — PaidContent

“The HP board can now lay claim, officially, to the title of the Most Inept Board in America” — NYT

High income improves evaluation of life but not emotional well-being — PNAS

If the Fed wants to do a $300bn helicopter-drop onto Treasury, all it needs to do is mark its gold to market — Alea

“It’s the best first day of school they’ve ever had” — SFGate

Research subjects treat computers like other people — WSJ

Think your seat in coach is cramped? Take a look at the SkyRider — USA Today

March 2007 was not Austan Goolsbee’s finest hour. “The mortgage market has become more perfect, not more irresponsible” — NYT

How to get ahead at Citi, if you’re a woman: “one good pump” on the handshake, ladies — Dealbreaker

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Comments
6 comments so far

On this prompt i went and checked my site stats, where it notes that 18X more people are reading the site on RSS via Google Reader than via Bloglines. Eighteen times!

Methinks RSS under Google is doing just fine.

Posted by ottorock | Report as abusive

Even in New York City, $250,000 is rich?

But what you buy and whether you try to keep up with the people in the penthouse is a personal decision, not an objective economic necessity?

That those 2 sentences even needed to be said makes me gag a little.

~~~

So sad about the cyclist. The comments are pretty heartless. You are a brave man, Felix, to be cycling in New York… I hated to walk there at times… and would never THINK of cycling…

~~~

Citi forgot to add, let your moustache grow and add testosterone shots to your B12 appointments.

~~

I loved the wish list for teachers (best first day of school) More people should consider being benefactors for schools!

Our parent organization at our school(like your PTA) gave $100 to each teacher every year to help offset their costs. Did you know most teachers spend up to 1k of their OWN money to buy supplies their students need or couldn’t afford and for items the school board can’t provide?

Plus the teacher made wish lists and the reasons they needed the items and those were presented to the fundraisers throughout the year.

Posted by hsvkitty | Report as abusive

As always Ezra gets everything wrong, and even supplies the information to confirm that he doesn’t know what he’s talking about. On top of which he manipulates his graph to distort the information that he provides.

I love the comments, beating the hell out of Ezra for not understanding the basics or accounting for the difference between NYC and Manhattan. Then you have to consider NYC’s horrible taxes which push out high income earners to CT, NJ, Westchester, and FL (the really high end tends to be tax resident in FL) and its status as a World city, so the world’s elite buys “pied a terres” in Manhattan. Before accounting for these last two Manhattan already has more than 16% above a $200k income.

Now of course this exposes the lie behind your shared politics – anyone making more than a subsistence living is part of the hated rich and must be destroyed as an offering to your God Obama. It’s just hilarious to see you both fail so publicly and in a half-assed manner. you know you’re talking to quants and yet you pull ridiculously fail stunts. Show why no one should ever trust a Liberal Arts major or journalist.

Posted by B_Bracket | Report as abusive

Felix,

Sorry, but Ezra Klein is the epitome of gold-plated misinformation. Always has, always will.

Posted by AllDueRespect | Report as abusive

Didn’t Felix add the post by Ezra klein because it was just so ‘dumb?’ The assertion that what you had available to buy makes you richer or poorer is pretty odd … but then I will never be rich so can’t assume think like one who may be.

And cannot the rich in Columbus afford even more readily to jet off to New york to buy the things that are more available in the ‘big city?’ If I missed his point then tell me how because I didn’t get that.

~~~
Update at Dealbreakers. We females can rest assured it was a female ‘head of Diversity’ handing out schlock from a book written by a felmale Psychologist to make life more reasonable in a man’s world … so life is rosey after all?

Errrm, well NO! Read the comments of pent up sexual envy/hate/harrassment on Dealbreaker to understand that THAT truly is what women face on a daily basis and why crap like that handout are laughable.

(I preferred leaving my handprint on the cheek as it said it all and being it lasted for up to 3 days was a better deterrent for the bad behaviour then any. Trouble is, the same jerks who put their hand up the skirt now think your assault on them is unwarranted and they will now cry baby to management and get YOU sacked)

Here is the update

“As a female employee at Citi, I have one of these on my desk. They were NOT handed out by the HR department, but rather by the Head of Diversity, Patricia David, who is no longer with the firm. (Currently at JP Morgan I believe.) They are handed out at workshops geared towards women, often hosted by “Women’s Councils” that exist in various Citi locations.”

Posted by hsvkitty | Report as abusive

“Flabbergasted” was the perfect word for the Mother Jones article the Forbes cover story. Holy crap was what I said out loud though…

Obviously you are not writing a smack down?

Posted by hsvkitty | Report as abusive
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