Loss-making subsidiaries. Anyone who can effectively work the phrase “torpid portentiousness” into an essay is worth a read. Please see this Mark Steyn piece, from National Review Online, comparing GM to the relative titan, Bed, Bath and Beyond – and more. Many thanks to Michael Wade for the tip.
Dull diligence. Would you have thought that economists might concern themselves with the presumption of a relationship between good manners and tailoring, and integrity and intelligence? Please see this concise article from The Economist describing the codependence that sometimes exists between the honest consumer – both individual and institutional – and the con artist, the surprisingly big fish caught in this most recently discovered net, and what we might want to do about it.
Whistling past the graveyard. One thing you might not want to dare do about malfeasance you witness is blow the whistle on it. Please see John Phillips for a chilling report on the disturbing things that can happen to you – and the disturbing places where they can happen.
Keeping obnoxious options open. And for all the risky whistle blowing, what do we get? Please stop over to see what Miki Saxon uncovered about a special provision in the Siemens settlement with the US government – and the unhappy reason for it.
The antidote to all that. For all the depressing events we see going on around us, and the poor examples driving them, it’s never quite as bad as it seems. After all, we turned out alright, didn’t we? For all our good reasons for concern, we have equally encouraging ones for hope. Please stop over to see Michael Wade’s U.S. News and World Report article about some of his. When you do, you will undoubtedly recall some of yours. And when you do that, consider how you might pass them along.
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3 Comments
Hi Jim, although there is plenty around that works well and most of us turned out just fine, I sincerely hope that this time we don’t “put it all behind us” to the point of rationalizing and forgetting what these leading losers did to the entire planet, not just us.
If we don’t remember it could easily happen again in a few years.
Hello Miki,
A good message, and received. Thanks for emphasizing it – you’re right that the concern is real and shouldn’t be lightly dismissed.
Maybe, Jim, but I’ll bet you a round tuit that it will rationalized away five years or so after the recovery.
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