My nephew is in a Mandarin Chinese immersion school- he is 5- and last year in pre-k he was given his Chinese name and it does not sound anything like his name so I am doubting this translation. There are 60,000+ characters and they are for words not the consonants and vowels.
@skt.smth: While I'd usually be right there with you, I find "Much flurried" and "hastily took to flight" legitimately funny- this text isn't WRONG, or badly written(it's quite poetic!) like your run-of-the-mill easy-to-mock bad translation.
700K per staffer is concentrated in massive payouts that will be distributed to a privileged few. Thousands of back office and lower-end people will be pulling in less than 60K in total comp at Goldman this year.
That's not the only think John has wrong - this is a recrimination effort directed at one of hundreds of firms that receive direct or indirect corporate welfare. That 23B is still 10B excepting the (admitted, and egregious) AIG benefits. But the stabilization of other banks, the stimulus package, and other subsidies have had derivative impacts on Goldman's balance sheet - and the average taxpayer's. Suggesting that you can determine the source of the corruption by pointing at Goldman, who merely acts most ably with the hand dealt by the Federal Government, is laughable.
@Unsolicited Advice: Good points all, but especially on the $700,000 average bonus. We have to remember that it's just an average. So, for every $2,000,000 bonus paid to a 26 year-old i-banker, there's a staffer killed, her lifeless body assaulted by Blankfein until he's satisfied that $600,000 has been fucked out of her. It's math, people!!! #goldmansachs
Not one 26-year-old is receiving 2 mil. Sorry. 20-somethings lying to bloggers doesn't make that meme true. AMEX will give any asshole a platinum card these days. #goldmansachs
@Unsolicited Advice: The average bonus figure isn't "wrong." It is misleading if one assumes that the bonuses are to be distributed equitably. I figured most readers would understand that they are not, and that it just serves as a handy way to conceptualize $23 billion relative to the number of potential bonus recipients. But point taken--it's a useless figure. Other than that, you're right, I love the military industrial complex and agribusiness, and my purpose in trying to keep attention on Goldman is to protect them from scrutiny. #goldmansachs
No, your purpose is to keep your editorial focus on "sexy" targets. This is a case study on the potential dangers of crowdsourced / pageview-reliant journalism. You're spending effort as an investigator on burning kids for spending freely at bars in New York City at the expense of the broader point: the subsidy-based patronage system at the core of American politics.
The banking crisis is a referendum on too much money in the hands of too few. You've covered Goldman in upwards of 50% of your post content - what about Uncle Sam? Or those other targets? They aren't sexy enough to receive an editorial mandate. #goldmansachs
@Unsolicited Advice: Seconded. Yes, 26-year-olds are making great money at Goldman, but your average 22-26 year old monkey is earning 90-200k (depending on seniority etc.) yearly working 80-100 hour weeks. I have a friend who calculated out his income over the last year, and came up with an hourly wage of between 12 and 15 dollars. The young employees are not the ones we should be pointing fingers at here... #goldmansachs
@Unsolicited Advice: Not to mention that Goldman is not actually any longer subsidized. They paid back all their federal commitments. How about the Citigroup project? #goldmansachs
Well, they don't have explicit subsidies. They receive derivative subsidies via the stimulus package and implicit subsidies as a consequence of TARP, even though they've exited formal TARP relationships. FormerEnglishMajor describes it very well a few threads up in response to me.
But broadly, Goldman's success is just a talisman of a totally broken payola culture in Washington DC. GS is just the latest in a long line of problems that have funneled wealth from taxpayers to special interests and favored industries. Targeting the kids at Goldman for bottle service is the exact fucking equivalent of picking a random orgy participant in ancient Rome and calling him responsible for the Nero fire. #goldmansachs
@twoeightnine: I wouldn't boast about that if I were you. It takes some doing to earn less than minimum wage. Do you have a trust fund supporting you? Because most people do not work for $3.50/hour.
On the other hand, you are grammatically challenged in the most hideous way, so please accept my condolences. It's a blessing you are employed at all. #goldmansachs
@God: Really, I heard a thousand Gawker newbies who are busy typing ALL CAPS in a Polanski thread. And Ham silently weeping that he didn't get this month's premier pageview-whoring story.
Kanye West is a li'l bitch for what he did, but Beyonce' is a classy lady for bringing Taylor back up on stage for her moment to shine. Thanks for the bounce-y-back Beyonce.
11/21/09
#conservatives
#tips
#birthers
#barackobama
#obama
11/21/09
#tips
#conservatives
#birthers
#barackobama
#obama
11/20/09
11/10/09
11/10/09
Come on. You're better than this, Gawker. #northkorea
11/10/09
It's just deliciously archaic.
10/28/09
Right, and they blame internet for the death of newspapers... #obama
10/28/09
Too sweet for dessert, not sufficiently nutritious for spinach.*
*Google "Kantor," "Spinach" and "dessert." #obama
10/28/09
10/28/09
10/28/09
10/28/09
10/28/09
Is "Adrien" a typo, or is "Adrian Chen" a different person? If not, don't feel bad because Gawker misspelled it, too, in the previous post. #obama
10/28/09
10/28/09
Good to know. Hope to see more of it. #obama
10/29/09
10/29/09
10/29/09
10/29/09
10/15/09
That's not the only think John has wrong - this is a recrimination effort directed at one of hundreds of firms that receive direct or indirect corporate welfare. That 23B is still 10B excepting the (admitted, and egregious) AIG benefits. But the stabilization of other banks, the stimulus package, and other subsidies have had derivative impacts on Goldman's balance sheet - and the average taxpayer's. Suggesting that you can determine the source of the corruption by pointing at Goldman, who merely acts most ably with the hand dealt by the Federal Government, is laughable.
Defense is subsidized in the hundreds of billions, which allow #lockheedmartin , #drs , and #myriadotherdefensefirms to #stealingfromtaxpayers . #farmsubsidies float billions to #bigagriculturethieves . It's a #nationoftaxpayertheft , and your #GoldmanProject is scoped based on #misplacedpopulistoutrage . Yet for some reason, we don't have #suspicionforthegovernment because #obama runs it and he's #oneoftheogoodguys . Never mind that he's just the latest pilot of the corrupt #taxpayertheftmachine and that the solution is to #cuttaxes and #fearthefederalgovernment because they are not on your fucking side - and never have been.
I dig the new tagging feature. #goldmansachs
10/15/09
10/15/09
Not one 26-year-old is receiving 2 mil. Sorry. 20-somethings lying to bloggers doesn't make that meme true. AMEX will give any asshole a platinum card these days. #goldmansachs
10/15/09
10/15/09
10/15/09
No, your purpose is to keep your editorial focus on "sexy" targets. This is a case study on the potential dangers of crowdsourced / pageview-reliant journalism. You're spending effort as an investigator on burning kids for spending freely at bars in New York City at the expense of the broader point: the subsidy-based patronage system at the core of American politics.
The banking crisis is a referendum on too much money in the hands of too few. You've covered Goldman in upwards of 50% of your post content - what about Uncle Sam? Or those other targets? They aren't sexy enough to receive an editorial mandate. #goldmansachs
10/15/09
10/15/09
10/15/09
10/15/09
Well, they don't have explicit subsidies. They receive derivative subsidies via the stimulus package and implicit subsidies as a consequence of TARP, even though they've exited formal TARP relationships. FormerEnglishMajor describes it very well a few threads up in response to me.
But broadly, Goldman's success is just a talisman of a totally broken payola culture in Washington DC. GS is just the latest in a long line of problems that have funneled wealth from taxpayers to special interests and favored industries. Targeting the kids at Goldman for bottle service is the exact fucking equivalent of picking a random orgy participant in ancient Rome and calling him responsible for the Nero fire. #goldmansachs
10/15/09
You are on a roll. Thank you.
I work three blocks from the White House but have long ago abandoned my illusions of being anything but a Washington outsider. #goldmansachs
10/15/09
On the other hand, you are grammatically challenged in the most hideous way, so please accept my condolences. It's a blessing you are employed at all. #goldmansachs
10/01/09
10/01/09
09/16/09
09/16/09
09/15/09
09/15/09
09/15/09
09/16/09
09/16/09