Philip Glass

by John Holbo on October 17, 2009

Amazon is giving away a whole Philip Glass album: The Orange Mountain Music Vol.I. I’m really, really enjoying it. On the other hand, I’m using it as background music for scanning and doing itsby bitsy Photoshop stuff. It goes up and down and up and down and my hand goes up and down and up and down, and etc., and we seem to be getting on together. When I was in college I hated Philip Glass. I paid a lot for a ticket to a concert, without knowing what I was in for. I was bitterly disappointed. What do you think of the man? Give the album a try, if you are a skeptic.

The Goldman put

by John Quiggin on October 17, 2009

From the NYT on the remarkable profitability of Goldman Sachs

A big reason for Goldman Sachs’s blowout profits this year has been the willingness of its traders to take big risks — they have put more money on the line while other banks that suffered last year have reined in such moves. Executives say there are big strategic gaps opening up between banks on Wall Street that are taking on more risks, and those that are treading a safer path.

Hmm. I’d be willing to take big risks if I knew the Fed and the US Treasury were standing by, ready to pick up all my losing bets. In the circumstances, the guys at GS doubtless stand amazed at their own moderation in creaming off a mere $20 billion for the year.

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