Here’s a Side Hustle: Go scalp today’s newspaper. Seriously. They’re sold out everywhere.
Death Toll: Layoff watch, Christmastime 08, is looking grim, again. NY Post is predicting 5% more finance jobs will go. That’s on top of the 150,000 pink slips that’ve already been handed out.
Mild Amusement: An NY Post online poll says the song Ball of Confusion by The Temptations best describes the current mood of Wall Street. Other options? I Wanna Be Sedated by the Ramones, Mo Money, Mo Problems by Notorious B.I.G., After the Gold Rush by Neil Young, and Wave of Mutilation by The Pixies.
Endorsements: Footnoted has a suggestion for a new head of SEC: “Movie Mom” Nell Minnow. Here’s why.
Sorry, Obama: Wall Street doesn’t care, according to Paul Kedrosky. “Markets generally don’t know what to make of presidents. Such people rarely do what they say they are going to do, which makes discounting the future difficult; and such things as they do that turn out to matter to markets often have their economic significance missed for years.”
Lex: On Obamanomics.
Does Not Compute: A glitch in Mac OS X Leopard has the words “knswledgable” and “cartriqdge” in its database. The words come up as suggested spellings in Leopard’s TextEdit program, a problem that’s been around since Leopard’s release and not been fixed.
Fuld Fired: With no bonus. Who wants to bet he raises a SPAC?
In Honor Of Verasun: Obama and Ethanol. “It seems likely Obama knows that corn-based ethanol is a pointless, expensive government boondoggle, but also knew he needed to pay it lip service to win the election. A Secretary Vilsack may need to be reined in by the president.”
Gone: Two and twenty is out, at least for hedge fund managers. And it looks like some of them are coming to terms with it.