• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

THe WWF FaRCE 2011 (WiLL iT EVeR eND?)

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Sat, 06/30/2012 - 17:39 | 2577638 dizzyfingers
dizzyfingers's picture

Eeeeeiow!!!!! Geithner -- gross.
 

Wed, 10/26/2011 - 20:12 | 1814920 Yankee.go.home
Yankee.go.home's picture

Now THAT was a scary chart.

Tue, 02/07/2012 - 05:44 | 2133276 glenn17
glenn17's picture

I hardly ever write comments on blogs, but your article urged me to praise your blog. Thanks for a great read, I'll be following you.

tourism marketing speaker

Wed, 10/26/2011 - 19:31 | 1814719 earleflorida
earleflorida's picture

fast andy and skilling's brain-waves  should be put on lay's poltergeist halloween visit list

right on target,... subject down

thanks wb7 

Wed, 10/26/2011 - 19:27 | 1814704 acabrer
acabrer's picture

hey go sell your "art" to the other "artist" in new york doing the ows. im sure they could afford it because it is not worth a dime...

Wed, 10/26/2011 - 22:45 | 1815606 williambanzai7
williambanzai7's picture

If I was trying to make money online I'd be running a moron chatroom for people like you.

Wed, 10/26/2011 - 19:18 | 1814665 rosiescenario
rosiescenario's picture

Great stuff as always.

 

I never tire of V....I wonder who designed the mask...just perfect.

Wed, 10/26/2011 - 23:08 | 1815721 williambanzai7
williambanzai7's picture

The design is Good, but what makes it resonate is the historic connection.

Plus the speech in that movie V is excellent.

Wed, 10/26/2011 - 19:11 | 1814632 Coldfire
Coldfire's picture

Rajat Gupta's McKinsey & Company colleagues must be so proud.

 


McKinsey & Company, while formally organized as a corporation, functions as a partnership in all important respects. Its managing director (currently Dominic Barton) is elected for a three-year term by the firm's other senior partners. Each managing director can serve a maximum of three terms, a policy instituted by Rajat Gupta.[6] At a strategic level, a number of committees are charged with the development of policies and making critical decisions. Committee memberships, senior roles, and the managing director position all rotate regularly among the firm's senior partners and directors.

Former managing director Rajat Gupta explains McKinsey's structure as follows:

It is very much, in many dimensions, like an academic organization. We have senior partners who are very much like tenured faculty: they are leaders in their own right. [...] We have about 80 to 100 performance cells -- a geographic office or industry practice or functional practice. They are very much autonomous and they are not organized in any hierarchy beyond that. We don't have any regional structures or sectoral structures. So all these performance units, in a theoretical sense, report to me, which means they don't report to anybody, because nobody can have 80 or 100 people reporting to them.[6]

McKinsey operates under a practice of "up or out", meaning that consultants must either advance in their consulting careers within a pre-defined timeframe or leave the firm. "25% of the firm is new every year," Gupta says, "so half the people have less than two to three years' tenure in the firm, and their values need to be reinforced."[6]

All leadership positions, including the position of managing partner, rotate among the senior partners and directors.

McKinsey has about 9,000 consultants in 99 locations in 56 countries, [7] working with more than 90% of the 100 leading global corporations and two-thirds of the Fortune 1000 list.[8] Forbes estimated the firm's 2009 revenues at $6.6 billion.[9] The notion of company growth has been controversial from the 1970s as the firm began its global expansion; McKinsey opened many new offices under Rajat Gupta's tenure in the late 1990s. The election of British-born Ian Davis as Gupta's successor was seen as "a return to McKinsey's heritage".[10]

Another controversial McKinsey practice is its non-exclusivity policy: a conflict of interest could arise as different teams of consultants might work for direct competitors in an industry. This works to McKinsey's advantage, because it does not rule out working for potential clients. Furthermore, knowing that a competitor has hired McKinsey has historically been strong motivation for other companies to seek McKinsey's assistance themselves. The policy also means McKinsey can keep its list of clients confidential. However, because of this there is great emphasis placed on client confidentiality within the firm, and consultants are forbidden from discussing details of their work with members of other teams. While still working for McKinsey, consultants are prohibited from serving direct competitors unless they wait two or more years between the date they cease serving one competitor and begin serving the next; in some cases, consultants are forbidden from ever serving a competitor.

This philosophy has come under increased scrutiny with the Galleon case, with some questioning whether the firm is a discreet broker of confidential or even inside information marketed as "best practices".[11]

[edit]

 

Wed, 10/26/2011 - 23:06 | 1815715 williambanzai7
williambanzai7's picture

People don't realize that the entire financial services industry, investment banks, lawyers, consultants and accountants, regulators and rating agencies is one big conflict on interest. Someone could write a very interesting book on why this is the case.

Wed, 10/26/2011 - 19:09 | 1814625 General Debility
General Debility's picture

Next time I try to give up coffee, I hope to get that image of Tim G on a razzle dazzle cup. that should do the trick.

You must have interesting nightmares WB7:O

Wed, 10/26/2011 - 23:01 | 1815692 williambanzai7
williambanzai7's picture

I'll put it on a cup if you really want it. But it's not pretty ;-)

Wed, 10/26/2011 - 18:17 | 1814418 Fix It Again Timmy
Fix It Again Timmy's picture

Now that we're saved, there will be:

http://www.youtube.com/watch?v=9G4jnaznUoQ

 

Wed, 10/26/2011 - 17:49 | 1814326 Zero Govt
Zero Govt's picture

Finger-lickin-good Banzai  :)

Wed, 10/26/2011 - 23:30 | 1815824 williambanzai7
williambanzai7's picture

Have some chilling sauce;-)

Wed, 10/26/2011 - 17:34 | 1814294 falak pema
falak pema's picture

Merkozy trying to beg the banks to accept around 50% haircuts on Greece...

"Please, please, please, do this for us as a face saver or we wil look worse than dumb." 

"Hey you clowns, we don't bail YOU out, you bail us out in the real world!!..."

 

Wed, 10/26/2011 - 23:00 | 1815683 williambanzai7
williambanzai7's picture

BTW, she has apparently pulled out the war, Europe and history card.

Wed, 10/26/2011 - 17:23 | 1814272 PulauHantu29
PulauHantu29's picture

"Polterscheist"...excellent!

Wed, 10/26/2011 - 22:58 | 1815678 williambanzai7
williambanzai7's picture

Studies have shown that a surprisingly high number of douche bags choose Rush for their ideas.

Wed, 10/26/2011 - 17:18 | 1814258 tamboo
tamboo's picture

PDF The World Order

 

Murder By Injection

 

Jewish NeoCons Dominate GOP

 

Bette Midler (j-ny) Offers To Buy Occupy Wall Street Protesters (j-ny) Porta-Potties

 

ADL's Foxman wants Congress to sign pledge stifling debate on Israel in election debate

 

Jewish biographer Marcus Eli Ravage, published in 1928 in The Century magazine: "You accuse us [the Jewish elite] of stirring up revolution in Moscow! Suppose we admit the charge. What of it? ------- You have not begun to appreciate the real depth of our guilt. We are intruders. We are disturbers. We are subverters. We have taken your natural world, your ideals, your destiny, and played havoc with them. We have been at the bottom not merely of the latest great war but of nearly all your wars, not only of the Russian but of every other major revolution in your history. We have brought discord and confusion and frustration into your personal and public life. We are still doing it. No one can tell how long we shall go on doing it."

Wed, 10/26/2011 - 18:07 | 1814376 baby_BLYTHE
baby_BLYTHE's picture

Dr. David Duke new video (10/26/11): Whe Controls Wallstreet?

Wed, 10/26/2011 - 19:47 | 1814805 GCT
GCT's picture

Duke is an idiot and in bed with them talking about calling the kettle black, Please!.

Wed, 10/26/2011 - 20:45 | 1815042 baby_BLYTHE
baby_BLYTHE's picture

'in bed with them', not sure I understand what you mean by that? Care to elaborate? 

Wed, 10/26/2011 - 16:55 | 1814196 AldousHuxley
AldousHuxley's picture

Greedy Indians....the new jews?

 

Rajat Gupta

That fat fuck Raj Rajaratnam

Neel Kashkari

 

These 3rd world kinds areone of world's most corrupt!

 

A 2005 study conducted by Transparency International in India found that more than 55% of Indians had first-hand experience of paying bribes or influence peddling to get jobs done in public offices successfully.

India tops the list for black money in the entire world with almost US$1456 billion in Swiss banks (approximately USD 1.4 trillion) in the form of black money

As of December 2008, 120 of India's 522 parliament members were facing criminal charges

 

And this is where your jobs are going folks.

 

Wed, 10/26/2011 - 17:13 | 1814247 Commander Cody
Commander Cody's picture

Obiwan has taught them well.

Wed, 10/26/2011 - 17:20 | 1814263 gangland
gangland's picture

 

You were right about one thing, Master. The negotiations were short

Wed, 10/26/2011 - 16:52 | 1814192 Gully Foyle
Gully Foyle's picture

I would like to point out that the OWS have finally hit a nerve. Thus the use of force.

As goes California so goes the US.

I'm a tad baffled as to whether Doonesbury is dissing OWS or supporting them? I mean it isn't like they have an Obama icon in the strip yet.

On the other hand Ted Rall has been right on the money lately.

http://cdn.svcs.c2.uclick.com/c2/28736740de3b012e2fb000163e41dd5b?width=...

 

Wed, 10/26/2011 - 22:56 | 1815661 williambanzai7
williambanzai7's picture

We are reaching the point where there can be no denial about our overlords and the brand of fascism we are dealing with.

Wed, 10/26/2011 - 16:58 | 1814203 iDealMeat
iDealMeat's picture

Help kick the system in the nuts..

http://www.youtube.com/watch?v=xV79ObObSh0

Wed, 10/26/2011 - 16:39 | 1814138 wang (not verified)
Wed, 10/26/2011 - 22:52 | 1815637 williambanzai7
williambanzai7's picture

Those were the good old days when cheesy nightmare images were in the movies and reality was so clean and fun. Now we have the reverse.

Wed, 10/26/2011 - 16:48 | 1814186 Gully Foyle
Gully Foyle's picture

Goddamnit!

I thought it was round two of the World Wrestling Federation versus the World Wildlife Fund!

Bastards! I really wanted to see someone suplex a Polar Bear!

Wed, 10/26/2011 - 16:29 | 1814131 chunga
chunga's picture

You raise the bar every time Banzai! Gee...why are people protesting again...lol.

Wanna get really pissed off? Give this bitch a good swift click...

Oakland Policeman Throws Flash Grenade Into Crowd Trying To Help Injured Protester

Thu, 10/27/2011 - 03:21 | 1816252 Overflow-admin
Overflow-admin's picture

I AM MAD AS HELL! I CANNOT TAKE IT ANYMORE! I'M A HUMAN BEING! I DESERVE RIGHTS! I DESERVE FREEDOM!

 

I'm spreading the world IRL. And I hope you do so.

 

We are Anonymous. We are Legion.
We do not forget. We do not forgive.
Expect us.

Wed, 10/26/2011 - 22:49 | 1815625 williambanzai7
williambanzai7's picture

Beanbag rounds. Instead of shotguns they should call them fun guns.

Wed, 10/26/2011 - 17:06 | 1814231 LawsofPhysics
LawsofPhysics's picture

Come on guys, you should expect this.  Look around, who do you know who became a police officer?  What kind of person were they to begin with?  You now know what to expect.

Wed, 10/26/2011 - 17:40 | 1814308 NotApplicable
NotApplicable's picture

Oh, I expect it. A state forged in violence can only maintain its rule through violence. That still doesn't make it right.

Hell, I can look out my window right now over at the police garage and see their tank sitting there (population: 120k). It's never been used, but you know they're just itching to try it out, as it has sat there since 2002.

 

Wed, 10/26/2011 - 18:24 | 1814448 buyingsterling
buyingsterling's picture

I'd like to move to a state that is not supported by violence. Any suggestions?

Wed, 10/26/2011 - 23:29 | 1815812 williambanzai7
williambanzai7's picture

I think the last one was Cambodia before the CIA rectified the problem.

Thu, 10/27/2011 - 09:57 | 1816985 WALLST8MY8BALL
WALLST8MY8BALL's picture

Costa Rica - No army since 1949!

Wed, 10/26/2011 - 17:03 | 1814220 NotApplicable
NotApplicable's picture

As far as I'm concerned, that action was attempted murder.

Wed, 10/26/2011 - 18:23 | 1814438 buyingsterling
buyingsterling's picture

"attempted murder"

Since when is lobbing an explosive device into an unarmed crowd attempted murder?

Wed, 10/26/2011 - 22:36 | 1815556 chunga
chunga's picture

That was probably just a "behavior modification" bomb. The target's behavior gets modified right to the hospital. I bet it's approved by Homeland Security so you know it's safe and doesn't really hurt. Modern behavior bombs  contain no hydrofluorocarbons so it's good for the environment too.

The cop is getting a bad rap. I wouldn't trust Dwight Evans (in his prime) to make that throw. Heck, it had to be 30'. I'm sure the officer did not intend the behavior bomb to land right in the small crowd directly in front of him.

Clear eyes recognize this guy for what he is. A true hero.

Wed, 10/26/2011 - 23:27 | 1815804 williambanzai7
williambanzai7's picture

I noticed that bean bag rounds are called behavior modification arms. Whoever comes up with that shit does Joseph Goebbels proud.

Wed, 10/26/2011 - 17:56 | 1814344 chunga
chunga's picture

Hijacking Banzai's post here but it looks like the crack-down is in full swing. This one is from New Mexico.

Police arrest UNM protestors

Reporter describes the scene as a "Combat Zone".

Wed, 10/26/2011 - 16:53 | 1814194 web bot
web bot's picture

This is exactly the kind of #uckin shit that is not helping the situation. When opinion turns on the police, watch out.

I come from a family that had 2 uncles as cops (one detective, one ran a "state"), a brother and a brother-in-law also. I've heard enough about police brutality. If you only knew how many of these cops have been charged and found guilty for the use excessive force and the like, you'd understand that many of them are nothing more than a bunch of thugs in uniform... a long way away from their original intentions of wanting to do good.

Its a sign of the times... get use to it... you'll be seeing much, much worst from the National Guard before its all over (when martial law is enacted).

Wed, 10/26/2011 - 16:09 | 1814045 RemiG2010
RemiG2010's picture

Don't know whether to laugh or to cry or both at the same time?! EFSF Ask why?

http://www.youtube.com/watch?v=SniNbnoc8Lw

Wed, 10/26/2011 - 22:47 | 1815620 williambanzai7
williambanzai7's picture

How quickly they are coming around to Geithturds way of doing business.

Wed, 10/26/2011 - 16:33 | 1814143 rocker
rocker's picture

Cry, We Will Pay the Bill for the Bankster's CDS.

Do NOT follow this link or you will be banned from the site!