Tendency shirtfronting irony

Recently, New York Fed President William Dudley gave a speech on remedying cultural problems in financial services firms, meaning the tendency of employees to loot them and leave the mess in taxpayers’ laps. It caught pretty much everyone by surprise because it contained two sensible and effective reform ideas, namely, that of putting compensation measures in place that would have the effect of rolling them a long way back towards the partnership model, as well as making it harder for bad apples to find happy homes in other firms.

Thank You for Your Valor, Thank You for Your Service, Thank You, Thank You, Thank you…, Still on the Thank-You Tour-of-Duty Circuit Thirteen Years Later TomDispatch

Professor suspended from top university for giving off ‘negative vibes’ Telegraph. Lambert: “Privatizers hated him. He used sarcasm and irony!”

Why income inequality is America’s biggest (and most difficult) problem Salon

Many police officers earn poverty wages, forced to take second jobs to cover basic costs NBC

Home Prices Drop in 69 of 70 Chinese Cities; Did the Pool of Greater Fools Run Out? Michael Shedlock

Confessions of a white Oxbridge male Financial Times (Li). “”Like the communist rulers in 1989, we white Oxbridge males cannot defend our dominance with arguments.”