What Does $22 Billion in Goldman Bonuses Buy?

Iceland, at 1.32 times 2008 GDP 51 bottles of cheap vodka for every Russian, babies included 1,629,460 years of public school, K-12 400,000 gastric bypass surgeries 611,111 free passes for Irish atheists to blaspheme* Avatar tickets for everyone living in China, the...

What Slang Should We Ban During 2010?

aka Survivor Jargon Tweets, sexting “unfriended” in U.S. banned word list I just saw Lake Superior State University’s (“LSSU”) 35th annual list of words or expressions that should be banned. The committee attacks slang sweeping through...

Too Big to Lend?

Move Your Money: A New Year’s Resolution Did you see Arianna Huffington’s post yesterday? She advocates moving money to small community banks during 2010. Here’s why: The big banks on Wall Street, propped up by taxpayer money and government...

What Does $65 Billion Buy?

One of my New Year’s resolutions is to examine what money buys in the world of high finance—legitimate or otherwise. At the hedge fund named Galleon, $5,000 bought the right to tase an employee. When executives from stun-gun maker Taser International Inc. came...

The Double Standard for Wealth Advisers

aka Runaway Stockbrokers Informant Says He Will Assist Further in Tax Case Against Swiss Bank Bradley Birkenfeld is the wealth adviser who blew the whistle at UBS. He’s the guy who carried a toothpaste tube loaded with diamonds through airport security, hiding...

Wassup in the Air?

No Perk Too Small for Top Fliers ‘Tis the season to be jolly, right? Not if you’re flying coach. I’m breaking from Wall Street’s headlines to discuss Christmas travel, an experience that generates equal parts zeal and dread. How many times have...