A Pulitzer for an inquiry into Wall St. Subcrimes


1st time a group of stories not published in print won a #PulitzerPrize for journalism: http://propub.ca/hoGfXx @niemanlab

While Denmark’s Doma wins 1st word restaurant title by the British Restaurant Mag, @ProPublica it’s champagen for the 2nd consecutive Pulitzer entering the house. This year (and for the first time ever a pure digital media affair) the winners are @Jake_Bernstein & @eisingerj > http://twitpic.com/4miz63. Due to:


 As the housing market started to fade, bankers and hedge funds scrambled for ways to maintain the lavish bonuses and profits they had become so accustomed to, repackaging mortgages in complex securities called collateralized debt obligations. The booming CDO market masked how weak the housing market was, and exacerbated its collapse.

Namely focusing upon this HF, Magnetar:

The Magnetar Trade: How One Hedge Fund Helped Keep the Bubble Going

by Jesse Eisinger and Jake Bernstein, ProPublica – April 9


 Senate report on the origins of the financial crisis cites our investigations: http://propub.ca/eIu8Oo

Their results strongly support a strict and strong regulation, by showing how Austrian or neoclassical, neoliberal self-regulation JUST DOES NOT EXST.

Banks’ Self-Dealing Super-Charged Financial Crisis

by Jake Bernstein and Jesse Eisinger
ProPublica, Aug. 26, 2010, 10:09 p.m.

As investors left the market in the run-up to the meltdown, Wall Street created fake demand, increasing their bonuses — and ultimately making the crisis worse.

All the best to ProPublica, a new kind of professional digital media, and the two laureates.

Published in: on April 19, 2011 at 1:04 pm  Leave a Comment  
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Aulas de “Economia industrial da crise” no IE\Unicamp

Aqui està algum material, que serà de tempo em tempo atualisado, sobre algumas meas aulas como Profesor Visitante  no IE (Instituto de Economia, dir. Marian Laplane) da Unicamp, Campinas SP.

En seguida, tudo este material ficarà fora da blog-timeline, na proxima pagina “fixa” intitulada UNICAMP, que continuarà sua vida propria como a pagina deste blog em lingua portuguesa (com erros, infelizmente – nenhum e’ perfeito). Ver “STATIC PAGES” aqui na coluna de direita, onde em dezembro vai aparecer o iten UNICAMP.

Materiais de leitura com bibliografias:

1) os seminarios e as aulas sao partes dum eschema mas amplo (nao inteiramente tratado, por falta de tempo) “A ECONOMIA INDUSTRIAL DA CRISE” – ilustrado nesse documento: EcoIndaCrise1011_current_v

2) as 3 aulas das terças ferias 10 – 17 – 24 novembro, pelo Seminario da Pos-Graduaçao (Mestrado, Doutorados) sao resumidas nesses documentos.

1o novembro: 1011010aula_I_Enzo. “Background” para entender melhor a atual crise da Irlanda, que està dinamizando a CRISE SOBERANA EUROPEIA:


Para quem sabe ler Italiano, ver tamben no assunto Irlandes esta discussao:


17 novembro: 101117aula_II > “Commanding Heights”, a cit. entervista da Laura Tyson sobre a Politica Economica da epoca Clintoniana: int_lauratyson_CLINTONadm

24 novembro: a tecnologia e as prospectivas de longo prazo; novas bolhas, e uma nova onda lunga?


Interessante este twitter msg (em Italiano) que reuna 2 temas da nossa resenha dos novos paradigmas, o trans-humanismo e o quantum computing:



transumanisti network h+

Computer quantistici più vicini alla realtà grazie a nuove ricerche teoriche: I computer quantistici potrebbero … http://bit.ly/dGQ0TL
Falamos mesmo de spin:
cienciahoje Ciência Hoje
Adilson de Oliveira explica o que é o spin e mostra como ele revolucionará o processamento da informação: http://is.gd/hqoIy

Terà aviso nessa pagina – em breve (Dezembro) transferida na pagina statica UNICAMP – quando eu atualizo alguns documentos, com novos argomentos ou  bibliografias.

Para interagir, podem mandar comentos aquì por qualquer esclarecimento, pedido, pergunta o outro assunto. CIAO (tchao).

Hell Street plunging again in devil’s bubblesmoke…-)

DID WALL STRETS TURN AGAIN TO A HELL STREET, or never stopped to be hellish?


A tale of  W street and the W recession


New post: Equities: Reaching The Danger Zone http://tinyurl.com/y94y8h7 /Monday 12 April, 5 pm GRT

Look at this elementary graph, that you can easily redo yourself on the 1st page of today’s wsj oL, even without being a subscriber – as I must be professionally.

Well, not only the bigger share of the dead bubble appeared in Wall Street, much more than in the RoW (Europe, BRICS and Japan: aggregated and implicit here, in the difference between the two curves – SIMPLICITY and SYNTHESIS matter, for a 1st look).

But, since from the 2009 policy-driven rallys, devil’s smokes reappear again at Hell St.; much before a recovery of Mean St. I don’t think there is any  serious debate about the fact that AT LEAST Hell\Wall St. is already in a new bubble: with all the self-evident, dramatic implications of such a tenet. The analytical-policy complex debate (where perspectives, schools and interpretations of the empirical facts necessarily diverge, before looking for a new convergence focus and a relative ricomposition of the profession) is about how much such a New Bubble is a matter of “CONGIUNTURA o STRUTTURA”, SR or LR in its very nature – i.e. the relevant dynamic forces behind this unsustainable model: of overvaluation of Western assets, at the price of a permanent Eastern overgrowth. My position is that the LR bubble is evident, and actually was never fully dried up; while we are about to enter also an additional SR one, starting from some asset markets. La musica  non cambia.

A lot of work for the world  Obamas, their teams and 1st of all the invisible college of CBs that saved us from another 1929\31 – until now. At a price.

According to the two distinct (but a bit overlapping: GLI ESTREMI SI TOCCANO SEMPRE) Austrian and post-Schumpeterian (evolutionary) schools: AT THE PRICE of  repressing the “Invisible Foot” who makes room for a New Wave of innovations and their bundles. No foot, no room.

As for the congiuntura, there are all the usual caveats about the VWL (VolksWagenLite) shapes of the recession in the different macro-regions of the world, and 20 days ago I listened to such an interesting breakfast time (03/25/2010 09:34) twitting as:

@zerohedge New post: Is Something Big In The Market Coming? http://tinyurl.com/y97jayc“.

The twitting and the post were introducing to an acute FINALE by David Rosenberg (Breakfast_with_Dave_032510.pdf), concluding that markets are signalling turnarounds

And lastly, there is no V-recovery anywhere, except in the Fed-prodded stock market.

Even that bastion might not be firm for longer. In fact, today at early dawn here in Verona, the same little Spring bird awakes me via TweetDeck sounds to tell me:


IMF Prepares For Cataclysm, Expands Backup Facility By Half A Trillion For “Contribution To Global Financial Stability” http://bit.ly/a4vMeh

With linguistic determinism, the philosophical WordPress blog cracking process distills down here such a nice continuation: the-gates-of-hell-open!!!

… what if the demons from Hell decided to enter Wall Street and other business sectors so as to better manipulate and corrupt society? And thus Hell, Inc. was born.

We are at a more ground level here, and we are looking at the devils in the markets details.

ObamaNobel fucks the unfair right & the bloody Islamists

9 October 2009 23:13 (GMT+1)

enzo fabio —

This morning, Michelle and I awoke to some surprising and humbling news. At 6 a.m., we received word that I’d been awarded the Nobel Peace Prize for 2009.

To be honest, I do not feel that I deserve to be in the company of so many of the transformative figures who’ve been honored by this prize — men and women who’ve inspired me and inspired the entire world through their courageous pursuit of peace.

But I also know that throughout history the Nobel Peace Prize has not just been used to honor specific achievement; it’s also been used as a means to give momentum to a set of causes.

That is why I’ve said that I will accept this award as a call to action, a call for all nations and all peoples to confront the common challenges of the 21st century. These challenges won’t all be met during my presidency, or even my lifetime. But I know these challenges can be met so long as it’s recognized that they will not be met by one person or one nation alone.

This award — and the call to action that comes with it — does not belong simply to me or my administration; it belongs to all people around the world who have fought for justice and for peace. And most of all, it belongs to you, the men and women of America, who have dared to hope and have worked so hard to make our world a little better.

So today we humbly recommit to the important work that we’ve begun together. I’m grateful that you’ve stood with me thus far, and I’m honored to continue our vital work in the years to come.

Thank you,

President Barack Obama

Sandra 4 Miss Universe Canada


this is the new twitters tag that admiring sobeauty & sosmart Sandra  inspired 2 me: I’ve already thrown Sandra’s tag, as a bottle message  into the  social ocean.

SOCIAL OCEANS OF BEAUTY, behind these brown eyes…

Who can resist, or just stand this eye2eye coup de foudre? I kan’t.

Sincerely, we all kan’t leave such an International Affair only to our friends of Serbian communities … It’s  Kantian by nature –  a universalist issue. We kan’t.

Vote Sandra 4 times / day / IP address @ http://www.beautiesofcanada.com/2009/sandra.htm

MAY the 1st, Labour day letter 2 friends (fb, gmail)

As #retwolution – a new born libertarian, democratic, bottom-up retwolutionary movement using fb, social media and twitter as boomerangs, i.e. peacemaking weapons against Oppression –
WE CHOSE Sandra’s campaign as our 1st target.
We are mobilising all our Italian and young Serbian people networks, to bring our little river to the Social Ocean of Sandra’s success. YES, WE … !

– enzo AT deeprecession: http://tinyurl.com/dhyde9 [linking this page],
– sandra: http://www.facebook.com/group.php?gid=154206040520, and her interview on http://www.beautiesofcanada.com/2009/sandra.htm
– ian gillespie AT London Free Press http://www.lfpress.com/newsstand/News/Columnists/Gillespie_Ian/2009/03/06/8648471-sun.html

UWO graduate targets Miss Universe Canada title

“Kirilovic says a Miss Universe Canada crown would primarily give her a platform to spread her enthusiasm for environmental sustainability.” (The paper is really alive, and nice in putting things in a proper post-feminist  Millennial generation context)

The worldwide #retwolution newborn movement has detected a big whole in the “Societé du spectacle” Oppressive System: we kan actually elect Sandra Kirilovic MISS Universe Canada!!!
She’s a beauty, green and smart: we join our Serbian friends in her support. A Psychology research assistant at U. Western Ontario, she will now start a Ph.D. in Evironment Studies either at UWO or York. Her final target (requiring further studies in Law as well) would B 2 become an environmental lawyer.
As she told us in her last message: so throw those preconceived notions aside, this girl’s got a greater purpose in being Miss Universe Canada 😉

WE TRUST SANDRA!!! Web3.0, and the #retwolution turning society upside down IT NECESSARILY ENTAILS, are primarily Networks of TRUST. Trust us, viraldiffuse this cause 2 friends. Make vote Sandra 4 times /day / IP address: the deadline is March 14 AT midday!!!
P.S: With some suppliers, yoy change IP address every time you disconnect, reconnect!!! eheh

FB group (16,443 members): SERBIAN girls are GORGEOUS – they actually are!

Sandra issue; she’s really a beauty and smart: read her presentation on the official site (http://www.beautiesofcanada.com/2009/sandra.htm), and u’ll B likely irrationally seduced and rationally convinced (on the 2 sides of the brain or, metaphorically, mind and heart) as I’ve been.

A psychologist and research assistant at the local University, Sandra has a dream: to study again and, this time Environment & Law for the sake of becoming a Green Lawyer,  a competent green activist.

She concludes today’s mail to us, her FB friends, with:

PS> I was accepted into a Masters of Environmental Studies program at both York and UWO & got the position of spokeswoman for the Eating Disorder Foundation of Canada- so throw those preconceived notions aside, this girl’s got a greater purpose in being Miss Universe Canada 😉

On FB, Sandra adds: You can read an article about me that was published in the London Free Press:

“Sandra’s smile is a curve that sets everything straight”

#GreenViralMarketing #sobeauty&sosmart

Underlying  GENERAL issue:

There is (already at work, although in its early, conventions and standards- setting  phase) a complex dyamics law of co-evolution of the 2 sea levels, the Social and the Natural one.

This campaign is quite personalised, Sandra-focussing, environmentalist, independent and standalone; (ma anche) but also semantically & virally associated to the just emerging web2.0 social movement:


“Either RETWO is #viralpervasive, or it aborts”.

Sandra’s  motto (quoted from Miss Canada site) “There is nothing I cannot do in this world”, that motivated her 2  undertake an environment career-oriented conspicuous curriculum (moving next, from psychology 2 law studies), puts her at the centre of the new  post-edonic ethics (a key component of hyper-modernity, according to the Zeitgeist literature, namely Lipovevski).

She’s not alone: e.g.,  @Iconic88 self-def., and already daily acting, “actwitting” as CHO (Chief Happiness Officer) is a natural hub, a leader of RETWO. Exemplifying the linguistic notion  “a word is an act; the speech-act”. An actwitt tells the whole story: 140 characters can

– emotion souls and,

– in clusters,  rebuild houses;

– in clusters of clusters, relevel Oceans. A Social Ocean (galaxy of clusters of custers of …) has  a direct impact and power upon Marine  Oceans, inter alia: tomorrow, with a little help from green lawyer Sandra Kirilovic, London, Ontario.

There is (already at work, although in its early, conventions and standards- setting  phase) a complex dyamics law of co-evolution of the 2 sea levels, the Social and the Natural one.

See Twitters’ tags  –  e.g., from: http://search.twitter.com

#NextLongWave  #OutOfSubcrimeCrisis  #RETWOLUTION  #SocialOcean

nonnoenzo 6\5 PS Pro Serbian-Can. beauty Sandra is & will B a pure act of virallove: axis of the #viralpervasive #RETWOLUTION #OutOfSubcrimeCrisis

all_4_misssandraAny suggestion 4 inspiremetoday? No monopoly is good, either EBay, Google or a-innovative M.soft!

E,g., if you search RETWOLUTION, u can see the Smithian Invisible Hand behind,  quoting Smith:

Realtime results for retwolution

0 more results since you started searching. Refresh to see them.

dal cafone lucano all’avv. di South Chicago


Here’s a letter to Michella Obama. monte-chiaro_bio_090211 >>> MORE ON THE LETTER ISSUE:


to  MICHELLE OBAMA <info@barackobama.com>
date    12 February 2009 04:57
subject    Re: Your call to service (2009/1/12)

Dear Michelle,
I might have found something important, a hidden Italian contribution (in the 1940s, when so many Europeans had to escape to NY) to the birth, growth and emergence of a liberal culture, that is now fully deploying, for the first time ever, in your beloved husband as a President; that we feel as Our President in Italy as well, as everywhere in this cosmopolitan world (and this is another first time in History, I must say). I am about to post this idea, and this is an excerpt from the English Abstract of my post. It will appear on all 3 my blogs which are named below, with my signature. When my hypothesis will be a bit more robust, I might send an op-ed to the NYT on the subject, eventually.

the Secret Magister of the Novecento
the hidden roots in Lucania (Italy) of Obama’s way of thinking

NICOLA “NICK” CHIAROMONTE (1903 – 1972). Born in Rapolla, Lucania, Italia. He died in Rome.
A unique figure of a coherent,  self made and – hiddenly, behind the scenes – highly influential anti-totalitarian intellectual, with many curiosities in philosophy, a pioneering critique of Historicism and a great passion for theatre (where he believed Brecht was by far overvalued).
A pioneer of lib-socialism (although he early split in 1935, in Paris from the Rosselli brothers GL, Justice and Liberty group, for not paying lipservice to Italian nationalism and Risorgimento),  in the company of Arendt, Camus, Orwell and Weil. He fought in Spain with André Malraux’s aviation team: a real legend.
When in New York (Summer 1941-47), he played a  widely recognised Magister role in the liberal, anti-stalinist intelligentsia of the Partisan Review and Macdonald’s Politics, although he had to fight hard against a well alive marxism, yet. He was the best friend of Mary McCarthy (…).

A Maestro of the Novecento, he  found  his own Maestri in Andrea Caffi, Gaetano Salvemini and someone younger than him: Simone Weil. While he despised Gramsci as a cattivo maestro of generations.
We argue here that the hybridation of seminal European and American New Lefts, that happened in New York under his Invisible Direction in the 1940s, was a decisive, necessary and irreversible step toward the (path dependent) emergence of contemporary Liberalism in the East Coast, that has now expressed its most mature figure in President Obama.
The man with the energy and innovation, as  not only to stop the Reagan-Clinton decadence, but to establish a Liberal cultural and political “hegemony” (NOT in the awful, collectivist and retro Gramsci sense!), without antecedents in US history. It is impossible to understand where all this comes from, unless you dig deep, and also in the legacy of a man who literally came from the Nothing:  il “cafone lucano”. Point is: of the  two Nothings (Emanuele Severino), he was just coming from the Future (on a Time Machine). Thanks, Nick!
It is time to make Justice triumph. Time is ripe for the world, from Mumbai to LA to  know whom we have also to reward for the ongoing change.

The truth about such a despised and forgotten man, whose imagination, fed by Simone’s fertile one, created an Impossible Thought Experiment  – a libertarian socialism freed by Marxism – that we can now translate into a Real Experiment.

I follow every day the political battle in the US, and I am deeply engaged in doing the same in Italy. We can’t  believe yet all this is true, and all our destinies changed 180° in less than one year!
Thank you from the deep of my heart.
enzo fabio

Obama New Deal, phase 1

Feb. 17 update – The final stimulus bill allocates $ 790.6 bn:  the CBO estimates tax cuts will amount to $ 288.5 bn and public expenditures about $ 500 bn (wsj) for a total est. cost of $ 787 bn. Today the President signed the bill and wrote us

enzo fabio —

Today, I signed the American Recovery and Reinvestment Act into law.
This is a historic step — the first of many as we work together to climb out of this crisis — and I want to thank you for your resolve and your support. (…)
I’ve assigned a team of managers to oversee the implementation of the recovery act. We are committed to making sure no dollar is wasted. But accountability begins with you.
That’s why my administration has created Recovery.gov, a new website where citizens can track every dollar spent and every job created. We’ll invite you and your neighbors to weigh in with comments and questions.
Our progress will also be measured by the tens of thousands of personal stories submitted by people who are struggling to make ends meet. If you haven’t already, you can read stories from families all across the country:


Your stories are the heart of this recovery plan, and that’s what I’ll focus on every day as President. With your continued support, we’ll emerge a stronger and more prosperous nation.

Thank you,
President Barack Obama

On the eve of the 200-Charles Darwin Day, the US House and the Senate have finally agreed on the mega-stimulus package, which President Obama might already sign next Monday,  February the 15th, i.e. 25 days after entering the White House (1/4 of the early 100 days, when the Beauty versus the Beast – Apocalypse Now – fight will B decided upon in the short term).

Mainstream economists, with whom this time we are tempted to almost agree once (but we have other priorities, since it is not OUR problem to save Capitalisms, but their victims), converge with the great, sublime Paul Samuelson (self-defining himself a Centre-Left, moderate Keynesian), by saying that some moderation and “watering down” (in the Congress revision) of Adm. Obama’s proposals is a first best, since  -e.g. – a demand – only perspective  is balanced with less unilateral supply-side  considerations as well (on this, our friend Michele Boldrin is writing quite important and interesting, fresh things on NfA – Noise from America blog, since early this year; we will discuss them, here and on NfA at length, soon).

Let us say that this is the state-of-the-art in academic Political Economy, and it is symbiotic with what happened in these hard Congressional fights about the final compromise, during the last weeks. One day, just symbolically Sen. Mc Cain presented a  motion to cut the stimulus to half. It comes out with a great momentum, a variety of tools and targets (see the Summary below).

A HISTORIC BILL, starting the Obama New Deal long series, in the next few years.



Congress Makes a Deal


Congress Strikes $789 Billion Stimulus Deal

Historic Bill Would Spur Road Building, Give Businesses Tax Breaks, Expand Broadband Access; Final Passage Expected Soon

wsj summary table:

Focal Points of Stimulus Package

Key goals and what indicators to use to gauge success.

Business confidence
Steps: Tax breaks for businesses, appropriations.
Measurement of success: Stock market results and management surveys.

Low income/unemployment aid
Steps: Benefit checks, foodstamp increases, health insurance assistance, Medicaid.
Measurement: Benefit rates

Consumer spending
Steps: Tax breaks to workers.
Measurement: Retail spending, consumer-confidence surveys.

Job creation
Steps: Infrastructure spending, aid to states.
Measurement: Unemployment.

Economic Growth
Steps: Spending, tax breaks.
Measurement: GDP.

Please also note that:

The stimulus accord is a major win for the high-tech industry, which will receive billions of dollars in subsidies to expand broadband access to rural and other underserved areas and a huge infusion of funds to computerize health-care records.

The latter is a very important point, since it marks much more, than just Silicon Valley getting repaid for the EARLY support to “Sen. Nobody” (see on this Giuliano da Empoli 2008, already a classic and comprehensive book on Obama, in Italian; and our various, often updated  static pages on Obamology in http://arcapedia.wordpress.com/).

On the other hand, it is a strong counter-tendency, a counter-factual to the MARKET SELECTION PARADIGM – e.g., theorised in Italy by the no.1 telecom expert, prof. Enzo Pontarollo.  He argues that it is not so bad that the Schumpeterian effect (sometimes called “The Invisible Foot”) and the credit crunch crisis SELECT among very expensive digital highway plans, and allocate credit only to the more rentable ones, where effective demand will repay faster, at least a part of the infrastructure investment.

This is such a complex, multi-dimensional issue. Let us just say  this, as a complement and further qualification to the important, and  theoretically well-rooted Prof. Pontarollo’s argument.

Japan (as far as I know,  the main great and still powerful State doing this) usually doesn’t bother much about “the digital market” plans selection – perhaps also because Japan’s regional economies have been levelled-up during the last half century, and suffer much more from congestion than regional, or rural\urban imbalances. They just shape and anticipate effective market demand years, or even a decade before, laying down  futuristic cooperative-public digital highways (namely in the New Generation Networks, lately).

But if the Nippon State is  now on the defensive, such programs will be delayed for many years, and this anticipatory effect will be lost. In a strong “neo- Keynesian & neo- Schumpeterian” mixed, eclectic and PRAGMATIST (“Nudge“) approach, the Obama’s New Deal starts now doing what Japan has problems to keep up to. This is another Invisible Foot effect: not across regions but across Nations: the US just elected Obama, while the Nippon political system is in search of a “2nd Republic” trajectory since 20 years ago, with no viable, longterm solution yet.

They desperately need either a Berlusconisan, or an Obamasan.

This stimulus Bull hitech component, has little to do with FDR, and we are happy about that: since you know (or at least, regular blog readers do) that we fully agree from the left with the “right” critique to FDR  –  stemming from the careful Amity Shlaes historic reconstruction of what really happened during THAT New Deal 8o years ago (on this precise point, we take a small bit of distance, a degree of freedom  from Obama’s public image and self-representation). In any case, ce n’est qu’un debut.

no. 10: Holmes, la leggenda vivente


Photo: Scott Audette\Reuters. From boston.com. Se volete questi guanti Reebok di Holmes, l’asta benefica è ancora in corso: sino al 15 Febbraio. Il problema  è il mutuo in banca per parteciparvi.



Nulla sarà mai come prima di questa settimana, e della finale di domenica scorsa a Tampa, Florida. Nulla! Davanti al Mito, il Pluriverso si i è piegato elettro-magneticamente un attimo sfuggente, per rendere omaggio al Semi-Dio. Avete visto che la crisi sembra appena alleviarsi, circola credito finto in Cina?  (Come sempre, si va da mpettis.com per saperne la verità  in merito)

Sono le macchie solari, col ciclo di 11 anni ad un loro punto estremo in questi giorni (se non ci credete, fissate il Sole). Che però si sono fermate per guardare il Super Bowl, ed era un zacco bbbello. Era domenica 1 febbraio, e Margà compiva l’anno.

Anche l’Amerikka s’è fermata tutta come al solito, casse di Budweiser, frigo zeppo di panini e robaccia. Amici e famiglie sospendono ogni relazione, ci si parla appena e solo negli intervalli, manco ci si fa gli auguri di compleanno. Intervalli di gioco, perché quelli pubblicitari manco apri bocca (piena del panino): hai 30″.

Nei blog del settore: no, non il football amerikkano! Il MARKETING  (poi se li ritrovo metterò i link: senza volerlo né cercarli, nei giorni scorsi continuavano a capitarmi delle pagine in proposito, quasi si aprissero da sole – ma anche nel blogroll della colonna di destra ho la rubrica Marketing). I markette-blogs raccontano, fanno un primo bilancio; narrano che è successa una mezza rivoluzione negli ad-tv di 30″ con target la Super Bowl audience: una ditta paninara s’è presentata per la prima volta di sempre, i pubblicitari hanno superato se stessi nella gara.  Farsi una abbuffata di Super Bowl ads, non è male. E s’impara il mestiere.

Lo spettacolo NON HA deluso, proprio no. Suspence al massimo, la gente tocca i cornetti in tasca o  cos’altro usano gli yankees. 43″ alla fine della finale, siamo al campionato del Mondo, no? Non lo so: è Super Bowl, vengono reclutati anche Marziani se di robusta costituzione. Campionato Sistema Solare, intra- o inter-galattico. Vedete voi.

43″, ha la palla il no.7: parte un assist di precisione  nanometrica all’angolino di fine campo – dove sta il salvatore della patria, il no.10, il gigante nero Holmes. Che salta, svetta come un Monte Nero (Bianco, non è)  in mezzo ad una mezza dozzina di cattivissimi avversari.  Prende e segna. Vince  gioco, partita e titolo Mega-galattico ai Sanantonio. Da rivedere 1000 volte su uTube, Gtube, ovunque.

MA LA COSA IMPERDIBILE E’ LA RICOSTRUZIONE SU NINTENDO, è lì che vedi come avvenne la ardita manovra di attacco.

Questa,  è LEGGENDA PURA in the making. E’ umanità che esce dai propri limiti: IL MITO CHE RITORNA.

Holmes,  figlio di un terrestre e della dea Black Athena (quella di Evita prima donna-scimmia, della Leggenda), avrà anche lui il  tallone di Achille?


Published in: on February 7, 2009 at 5:10 pm  Leave a Comment  
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Job losses in the US

Today from the office of the speaker, Nancy Pelosi: an alarming comparison of  job losses in the US recessions 1990-1, 2001-3 and 2008-10.


Published in: on February 7, 2009 at 4:35 pm  Leave a Comment  
Tags: , , , ,

The shrinking of US financial banks

Lehman death telenovela no.2

This w\e marked a milestone and turning point in the restructuring of the US finance capital, although far yet from a recovery of the world economy from the credit crunch.

Starting with Bear Stearns 6 months ago, now US financial independent banks have been CUT FROM 5 TO 2, as we knew and we had easily predicted already last March. But it is important to note that each one of the disappeared banks has followed a different path:

a) protected and public bail-out  for Bear Stearns (absorbed and disappeared within JP Morgan, a very big, top operator  in finance – but not a purely financial bank);

b) open market acquisition by a commercial bank: this w\e, the Californian, agrifood based colossus BoA has acquired for $ 50 bn Merrill Lynch, the less unprofitable of the two financial banks in irreversible crisis, due to exposition to subcrime polluted products;

c) after a refusal by Bernanke-Paulsson to save it, Lehman Brothers was sinking today  and leading to bankruptcy and default, unless a last minute cheap buyer appears (unlikely: everyone abandoned dealings, when realising the Fed Government was not putting money and\or a last resort guarantee, this time).

Such a concentration, and the disappearance of the US anomaly (an autonomous financial segment  of the credit industry), comes together with another IRREVERSIBLE CHANGE: indefinite, almost infinite derivatives, unlimited securitisation will never be back again. Financial innovation will explore other grounds: not these ones, that  weakened the financial system, leading it very close to a collapse and meltdown.

Now we are left with the credit crunch and the world recession 2008-09. But finance capital has been reorganised,  in order to take advantage from the recession, and prepare the next Minsky cycle of  financial speculation.

Published in: on September 15, 2008 at 6:01 pm  Leave a Comment  
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