"The very design of the federal assistance to A.I.G. was that tens of billions of dollars of government money was funneled inexorably and directly to A.I.G.'s counterparties." A necropsy of the AIG deal, in the NYT. Spoiler: we lose. (lifted from Mitch Kapor)
AIG necropsy: taxpayer billions, direct to their pockets.
- COMMENTS
- Business
- econopocalypse
Big Lots is bankrupt and selling itself to private equity
Last month, Big Lots announced it was closing 300 stores in hopes of staying in business. Alas, bankruptcy is now upon it, confirming earlier doubts over its ability to survive.… READ THE REST
Do not mistake Elon Musk's capitulation for compliance
After having its assets frozen, Elon Musk's Starlink is complying with a Brazilian court's order to block Musk's shrinking social network in Brazil "regardless" of the frozen assets. Elon's screwing… READ THE REST
"Chocolate breakthrough" reported by Swiss scientists
"Chocolate breakthrough" sounds like a euphemism for something unpleasant, but in this case it's good news: Swiss scientists report successfully making chocolate with the entire cocoa fruit rather than just… READ THE REST
Why drive to lessons? Learn piano on your couch.
TL;DR: Use code SAVENOW to get a lifetime subscription to Skoove Premium Piano Lessons for just $119.99 (reg. $299). Dreaming of tickling the ivories but don't want to dip into savings for piano… READ THE REST
Is it Bigfoot? You'll know for sure with these night vision binoculars
TL;DR: See in the dark like never before with 4K night vision digital binoculars featuring 8x zoom, now just $99.99 (reg. $169). Tired of squinting into the dark and wondering what's out… READ THE REST
This is the power bank to end all power banks
TL;DR: Get the Flash Pro Plus 100W USB-C 25,000mAh Graphene Power Bank with MagSafe compatibility for just $199.97 (reg. $319) and charge up to 6 devices at once, anywhere you go. Picture this:… READ THE REST