Saturday, March 22, 2014

Cab Thoughts 3/22/14

“Goethe says somewhere that there is no such thing as a liberal idea, that there are only liberal sentiments. This is true.”--Lionel Trilling

The world's first rose fossil was discovered in Florissant, Colorado, in the form of an imprint over a slate deposit. It is 35 million years old.

President Obama told NASA administrator Charles Bolden, in Bolden's words, that "perhaps (his) foremost" priority should be "to find a way to reach out to the Muslim world and engage much more with dominantly Muslim nations to help them feel good about their historic contribution to science ... and math and engineering." Now a NASA-funded report says our civilization will collapse unless it deals with its inequality and natural resource exploitation. What are these people thinking?

John LeFevre, the ex-banker behind the @GSElevator twitter account, which purports to repeat conversations overheard in the Goldman Sachs elevator, has a new six-figure book deal after being dropped by Simon & Schuster earlier this month. The NYT revealed his identity and Schuster was apparently uncomfortable that he never worked for Goldman.

Who is....Lois Lerner?

Anyone puzzling over the filtration of information and news might look at this tidbit: Bloomberg, the financial data and news company, relies on sales of its terminals, which are ubiquitous on bankers’ desks around the world, for around 82 percent of its $8.5 billion in revenue. Sales of those terminals in China declined sharply after the company published an article in June 2012 on the family wealth of Xi Jinping, at that time the incoming Communist Party chief. Following its publication, officials ordered state enterprises not to subscribe to the service. Peter T. Grauer, the chairman of Bloomberg L.P. said recently that the company should have reconsidered the articles.

James Madison on the Senate: ..[they are]...'first to protect the people against their rulers; secondly to protect the people against the transient impressions into which they themselves might be led.'

Panic: n: "to lose one's head," "mass terror." 1708, from earlier adjective (c.1600, modifying fear, terror, etc.), from French panique (15c.), from Greek panikon, literally "pertaining to Pan," the god of woods and fields, who was the source of mysterious sounds that caused contagious, groundless fear in herds and crowds, or in people in lonely spots.


The Ultrabattery adds carbon to the negative electrode. But the mixed lead-carbon electrode accepts and discharges sequentially, the lead first, the carbon second. In essence, the carbon remains a nonfactor.

Madoff actually said this in an interview with Politico: "My crime was a failing of the oversight of the industry, but I can’t really blame the SEC or regulators for that,” he said. “The government never gives them enough money to police the industry – whether it’s someone like me or insider trading.” He actually said this.

Golden Oldie:

L'Wren Scott was married to a big land developer in Texas and one member of that family said, " He showed up with her, this beautiful, exotic creature, and of course we were all so disappointed. Because she was lovely, of course, and very nice, but it was obvious there would be no more warm and cozy relationship with him, that just wasn't in the cards with her in the picture."

In ancient Rome, a debtor sometimes had only himself to offer as payment. This was a system of debt bondage, known as nexum-- literally an interlacing or binding together. In the presence of five witnesses, a lender weighed out the money or copper to be lent. The debtor could then settle what he owed. In return he handed himself over -- his person and his services (although he retained his civic rights). The lender recited a formula: 'For such and such a sum of money you are now nexus, my bondsman.' He then chained the debtor, to dramatize his side of the bargain.

Haiti was founded in 1804 in revolution and became the first black republic. The revolution disillusioned Emperor Napoleon about the New World so he sold his holdings in America to Jefferson in the Louisiana Purchase. Haiti was the only country to aid Simon Bolivar in his struggle to liberate Latin America from European oppressors.

In the 1400s, the height of the Renaissance in Florence -- the time of Cosimo de' Medici, Filippo Brunelleschi, Donatello, Leonardo da Vinci and countless other guiding lights -- prostitutes were required by law to wear high heels and bells on their heads.

Pittsburgh ranks 3rd in the number of venture deals per capita compared to similar regions and those that are more active technology hubs. In 2013, the Pittsburgh region attracted over $338 million from venture, angel, strategic partnership and other sources of capital, which was used to finance 148 deals.

AAAaaaaannnnnndddd.....a graph:
Chart of the Day

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