I guess Wall Street is not the nation's sole repository for greed.
WSJ: "In a jolt to the baseball world, superstar Alex Rodriguez said Monday in a television interview that he used performance-enhancing drugs while with the Texas Rangers from 2001-2003. Though certain performance-enhancing drugs were banned at that time, baseball had no penalty system for their use before 2004. Still, an admission of guilt from the top player in the game sent shock waves."
I guess the Hall of Fame will have to put in a separate wing for players from the 1990s era up to the early 2000's. I wonder if the current system is as strict as that of the Olympics ?
A player's reasoning is pretty simple: steroids mean better numbers which means higher pay on a new contract. For Aroid, it paid off as the Yankees paid him a huge sum in 2004. Sigh ...
Babe Ruth did it on hot dogs and beer ... and was a nice guy to all. No Barry Bonds snarls ... no dope.
Proof of easing of the credit markets continues as Cisco sells $4 billion in bonds.
Asia has some problems - the cure is for their consumers to start spending some of the money in those "boodle bags".
The stimulus will pass the Senate today as debate was closed on in a Senate vote last evening.
Let's see what Geitner has dreamed up. I hope he reads this blog.
Word of the Day
"Capacious" - adjective [$10]; one from the files
Capacious means capable of containing a large quantity.
Sentence: The key for Geitner's plan will be to leverage the remaining TARP funds with the Fed's capacious balance sheet - only that will have sufficient size to offset the massive debt market dislocations caused by hedge fund speculation.
Le Mot du Jour
"Se méfier" - pronominal verb - regular -er conjugated like épier
Se méfier means to distrust, to mistrust; followed by "de" + the object of distrust.
La Phrase: L'homme du bunker se méfie des autorités à moins que ils obéissent à ses écrits.
Sentence: Bunkerman distrusts authorities unless they obey his writings.