Disreputable Edition: Drugs, Corporate Crime, Lies, Shaking Moneymakers and Dirty Linens
Wall Street Folly: Hedge fund manager George Soros is fighting for decriminalization of marijuana. I’m confused, since pop culture and even yesterday’s “Damn It Feels Good To Be A Banker” have taught me that people in finance abuse uppers, not downers.
Seeking Alpha: Jason Schwartz doesn’t feel good about all the bad data out there this year. Guilty parties include the US GDP numbers, oil bull fallacies, and yesterday’s Steve-Jobs-isn’t-dead-yet-gate. (What good journalist doesn’t add “-gate” to the end of every scandal?)
Speaking of decriminalization: An out of date corporate crime law was lifted yesterday.
Freakonomics: The Winners of an economic haiku contest. My favorite:
No matter how hard
I shake my money maker,
It is not enough.