The only people who know what business Wall Street is in are the traders. They know what business Wall Street is in better than everyone else. To traders, whether day traders or high frequency or somewhere in between, Wall Street has nothing to do with creating capital for businesses, its original goal. Wall Street [...]]]>

The only people who know what business Wall Street is in are the traders. They know what business Wall Street is in better than everyone else. To traders, whether day traders or high frequency or somewhere in between, Wall Street has nothing to do with creating capital for businesses, its original goal. Wall Street is a platform. It’s a platform to be exploited by every technological and intellectual means possible.

The best analogy for traders? They are hackers. Just as hackers search for and exploit operating system and application shortcomings, traders do the same thing. A hacker wants to jump in front of your shopping cart and grab your credit card and then sell it. A high frequency trader wants to jump in front of your trade and then sell that stock to you. A hacker will tell you that they are serving a purpose by identifying the weak links in your system. A trader will tell you they deserve the pennies they are making on the trade because they provide liquidity to the market.

I recognize that one is illegal, the other is not. That isn’t the important issue.

The important issue is recognizing that Wall Street is no longer what it was designed to be. Wall Street was designed to be a market to which companies provide securities (stocks/bonds), from which they received capital that would help them start/grow/sell businesses. Investors made their money by recognizing value where others did not, or by simply committing to a company and growing with it as a shareholder, receiving dividends or appreciation in their holdings. What percentage of the market is driven by investors these days?

What Business is Wall Street In ? | blog maverick

“The hiring process is not nearly as important as the firing process. By this I mean: your skill as a manager is not based on your ability to get good people into your group, but on getting bad people out. The sooner you cull weaker players, the sooner you can replace them with stronger players [...]]]>

“The hiring process is not nearly as important as the firing process. By this I mean: your skill as a manager is not based on your ability to get good people into your group, but on getting bad people out. The sooner you cull weaker players, the sooner you can replace them with stronger players (for relatively the same salary) and improve the human composite of your firm”.

There is no such thing as good hiring, only good firing | Fonality

It is possible that the public will not fall on the iPad, as I did, like lions on an antelope. Perhaps they will find the apps and the iBooks too expensive. Maybe they will wait for more fully featured later models. But for me, my iPad is like a gun lobbyist’s rifle: the only way [...]]]> Lovely…

It is possible that the public will not fall on the iPad, as I did, like lions on an antelope. Perhaps they will find the apps and the iBooks too expensive. Maybe they will wait for more fully featured later models. But for me, my iPad is like a gun lobbyist’s rifle: the only way you will take it from me is to prise it from my cold, dead hands. One melancholy thought occurs as my fingers glide and flow over the surface of this astonishing object: Douglas Adams is not alive to see the closest thing to his Hitchhiker’s Guide that humankind has yet devised.

The iPad Launch | TIME

Women prefer dates wear a suit and because women are predisposed to look for “good providers” Li says he can track for every extra 1,000 RMB you make a month, statistically what percentage more attractive you will be to an average woman. “It’s a math fact,” he says. [...]]]> The Chinese Internet: Why the “Copy Cats” Win

Women prefer dates wear a suit and because women are predisposed to look for “good providers” Li says he can track for every extra 1,000 RMB you make a month, statistically what percentage more attractive you will be to an average woman. “It’s a math fact,” he says. “I can build you a model.”

My research revealed that lucky people generate good fortune via four basic principles. They are skilled at creating and noticing chance opportunities, make lucky decisions by listening to their intuition, create self-fulfilling prophesies via positive expectations, and adopt a resilient attitude that transforms bad luck into good.

Be lucky – it’s an easy skill to learn [...]]]>

My research revealed that lucky people generate good fortune via four basic principles. They are skilled at creating and noticing chance opportunities, make lucky decisions by listening to their intuition, create self-fulfilling prophesies via positive expectations, and adopt a resilient attitude that transforms bad luck into good.

Be lucky – it’s an easy skill to learn | Telegraph

Benjamin Skinner as an investigative reporter, rather than an academic, went to where the trades are made, the suffering takes place and the survivors eke out their existences.

How much for a slave? In Romania about 1,500 euros. While that may sound like [...]]]> There Are More Slaves Today Than at Any Time in Human History | AlterNet

Benjamin Skinner as an investigative reporter, rather than an academic, went to where the trades are made, the suffering takes place and the survivors eke out their existences.

How much for a slave? In Romania about 1,500 euros. While that may sound like a very low price for human life, consider that five hours from where I live in New York — a three-hour flight down to Port au Prince, Haiti, and an hour from the airport — I was able to negotiate for a 10-year-old girl for cleaning and cooking, permanent possession and sexual favors. What do you think the asking price was?

They asked for $100, and I talked them down to $50. Now to put that in context: Going back to the time when my abolitionist ancestors were on their soapbox, in 1850, you could buy a healthy grown male for the equivalent of about $40,000.

This is not to diminish the horrors that those workers would face, nor to diminish their dehumanization one bit. It was an abomination then as it is today. But in the mid-19th century, masters viewed their slaves as an investment.

But here’s the thing: When a slave costs $50 on the street in broad daylight in Port au Prince — by the way, this was in a decent neighborhood, everybody knew where these men were and what they did — such people are, to go back to Kevin Bales’s term, eminently disposable in the eyes of their masters.

NB: I have altered the text of the article above to drive a certain point home, please follow the link to see the original transcript.

Please also see the below links for more…

A Crime So Monstrous

Free the Slaves