Archive for June 16th, 2012
Marriage Counseling
Here’s another cartoon from ARG, who offers two perspectives on marriage counseling:
More of ARG‘s work can be found here.
Free Wi-fi
Lifehacker offers ten ways to get free Wi-fi. I’ve made use of a few of these ideas, especially tethering from my phone. I work hard to avoid paying $10 for a couple of hours of use of Wi-fi at airports, for instance.
Matt Taibbi analyzes Jamie Dimon’s appearance before the Senate Banking Committee
Matt Taibbi of Rolling Stone found it hard to watch all of the U.S. Senators giving homage to Jamie Dimon of J.P. Morgan Chase. You can read his detailed report here. And here’s the lesson Dimon doesn’t get:
You can either be a commercial bank, with all the federal support that entails, or you can be a high-risk gambler. But you shouldn’t be allowed to be both. We could have Chase Commercial Bank, and Chase Investments Inc., and they can each be as big as they want, but those companies should be separate. Why do we need companies like Chase that are both things, under one tent?
The real answer, from Jamie Dimon’s point of view, is simple – there’s no way he could have a $350 billion hedge fund if he didn’t have mountains of federally-insured money to play with, and a steady stream of low-interest loans from the Fed.







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