Friday, July 23, 2010

Lexington: Where has all the greatness gone? | The Economist

Lexington: Where has all the greatness gone? | The Economist:
"When Barack Obama visited France last year a British reporter asked the president whether he believed in American exceptionalism. Mr Obama said he did—“just as I suspect that the Brits believe in British exceptionalism and the Greeks believe in Greek exceptionalism.” You may think that an agreeably tactful answer. And yet some conservatives have turned it into a profane text, one that proves Mr Obama’s unfitness for the great office he holds. More than a year after the event they are still banging on about it."
It still amazes me how much badwill itcan create at home when a president acts and speaks like a rationale, responsible and mature representative of his country on a visite of another nation. - Granted, this already happened about a year ago. Unbelievable to read that there is still unrest about it!




Feinberg Says Bonuses Paid by Troubled Banks Were Unmerited - NYTimes.com

Feinberg Says Bonuses Paid by Troubled Banks Were Unmerited - NYTimes.com

Just a few days ago, the overhaul of the U.S. Financial System received quite some applause from abroad. This morning Ilearned about this:

In a report to be released on Friday,Kenneth R. Feinberg, the Obama administration’s special master forexecutive compensation, is expected to name 17 financial companies that made questionable payouts totaling $1.58 billion immediately after accepting billions of dollars of taxpayer aid, according to two government officials with knowledge of his findings who requested anonymity because of the sensitivity of the report.

The group includes Wall Street giants like Goldman Sachs, JPMorgan Chase and theAmerican International Group as well as small lenders like Boston Private Financial Holdings. Mr. Feinberg’s report points to companies that he says paid eye-popping amounts or used haphazard criteria for awarding bonuses, the people with knowledge of his findings said, and he has singled out Citigroup as the biggest offender.

When I read this and consider that many people lost their jobs because of the financial crisis - it really makes me wonder what people paying out enormous bonuses based on questionable criteria essentially abusing taxpayer dollars and those receiving them think when they look into the mirror?

Thursday, July 22, 2010

I.B.M. Shuffles Top Management - NYTimes.com

I.B.M. Shuffles Top Management - NYTimes.com

Increasingly, Mr. Palmisano wrote, computer systems must be “designed and brought to market as tightly integrated” packages of hardware and software.

Even though one can argue that Oracle's acquisition of Sun validates this point, I am not sure this really holds true.

Thursday, July 08, 2010

Neues Deutschland-Bild: Die Sympathie-Weltmeister - SPIEGEL ONLINE - Nachrichten - Politik

Neues Deutschland-Bild: Die Sympathie-Weltmeister - SPIEGEL ONLINE - Nachrichten - Politik
Das ist doch eine angenehme Überraschung:
"Zwei Generationen nach dem Krieg sei Deutschland endlich auf dem Weg zurück in die Rolle Europas führender Kulturnation. Das deutsche Integrationsmodell könne zum Vorbild für Europa werden, schreibt Journalist Mogensen."

Saturday, July 03, 2010

Argentina 0 Germany 4 | The Sun |Sport|Football|World Cup 2010 | View All Comments

Four month ago Maradona didn't want to sit besides Mueller in a press conference because he didn't know the young german player and meant that's beneath him to sit by a "nobody". Well, Maradona, do you twig it now? Argentina is not the centre of the football world. You have to respect your combatants.
Argentina 0 Germany 4 | The Sun |Sport|Football|World Cup 2010 | View All Comments