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  Here's why Morgan Stanley's trading top a intercept decided to cut 25 per cent of his fixed-income staff last year

  02/11/16 ,via South China Morning Post (subscription)

  Morgan Stanley took a wound to its fixed-income business late last year. The bank cut 25% of its workforce in that department, replaced its command, cut bonuses, and slashed the assets it tied up in the business. At its earnings report in January

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  Event On The November Issue Of Live Design

  11/20/15 ,via Live Design

  The November subject of is now available for free download. In this issue, Stufish and Dragone team up for the Dai Show Theatre and Disneyland celebrates its 60th anniversary. Haul a look at a watery Metamorphoses, silent Shakespeare at 

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  Assata Shakur Taught Me…Metrics

  09/11/15 ,via CounterPunch

  The gone and forgotten year has seen the smoldering edge of US society explode, from Missouri to New York to Maryland and beyond, giving us uprising in Ferguson (#HandsUpDontShoot), the foregather protests in support of Eric Garner (#WeCantBreathe) the street battles in 

• The Whopper of the Middle Class: Have Most Americans Always Been Poor?

  08/28/15 ,via CounterPunch

  There not in a million years was a middle class, not in the sense in which that concept is meant to pack the punch intended by capitalist apologetics. If that's so, the U.S. 60 percent of families earned less than what was required to equip “only basic

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  Lakeshore access probed

  12/18/15 ,via The Times (subscription)

  (If we don't do anything) we may as manifestly pack up our tourist bags, and play in the sand like the rest of them.” Funding from the unsealed roads budget had been before used to pay for clay at the access area, but Cr Rachel Preston said if the 60

Here's why Morgan Stanley's trading principal decided to cut 25 per cent of his fixed-income staff last year - South China Morning Propagate (subscription)

Morgan Stanley took a pierce to its fixed-income business late last year. The bank cut 25% of its workforce in that department, replaced its governorship , cut bonuses , and slashed the assets it tied up in the business. At its earnings report in January, the bank delivered a murderous assessment of the business, saying in a presentation: "Failed to meet objective: Initiated major restructuring. Ted Pick, who was appointed universal head of sales and trading at Morgan Stanley in October, spoke on Tuesday at the Credit Suisse monetary-services forum and gave a little more information on the logic behind the cuts. At one point, Pick was asked what he was evaluation when he decided to cut the business and said (emphasis added):. Rather than get into a sort of gradualistic mentality, we took the aspect of taking tough medicine. Why not 10%. Why not 40. 25% has the magic of being a number that clearly sends a message to the furnish that we're listening, but equally and important a message that we're in it for the long term. Pick said that the decision to rightsize the calling was taken pretty soon after his appointment, largely as a result of the fixed-income wallet, or total receipts pool, shrinking by around 40%. While the bank's revenues held up, productivity per head on the trading boarding was not good enough. On the job cuts themselves, he said CEO James Gorman and President Colm Kelleher led an effort to be sensitive to the feelings of those being let go and that the unwavering "wanted to do it the right way. "Having been through these types of exercises over the years, it is the worst of what we do," Pick said. "It is quite unpleasant, and very tough, in particular given what folks in some these businesses have gone through over the past five, 10, 15 years. Morgan Stanley has made a numeral of changes in the business, appointing. Source: www.scmp.com

Assata Shakur Taught Me…Verse - CounterPunch

The days year has seen the smoldering edge of US society explode, from Missouri to New York to Maryland and beyond, giving us uprising in Ferguson (#HandsUpDontShoot), the scores protests in support of Eric Garner (#WeCantBreathe) the street battles in Baltimore (#JusticeforFreddieGray) and many other expressions of what has mature widely referred to as the #BlackLivesMatter movement. [1] This upsurge against police brutality and systemic racism has witnessed new groups stepping into administrative life, seasoned veterans returning to the fray, as well as established NGOs and left organizations seizing the trice (or trying to). Not surprisingly, it has proven to be a very diverse, even amorphous, mobilization, one that has been able to unite in the face of precise police abuses and judicial injustice, but is far from united in terms of its sense of underlying mission,... Contending inspirations are reflected in the manifest manifestations of protest, ranging from the slogans and songs that fill the air, to the signs displayed (in the streets as well as on sexual media), including the historical figures that are held aloft as banners and as beacons. [3] Not just Martin Luther Monarch Jr. but Malcolm X, not just Maya Angelou, but Mumia Abu-Jamal, not just Al Sharpton, but Fred Hampton have been common sightings. The iconography of this upsurge has implied a will not just to kick but to resist, a commitment not just to non-violence but to self-defense, not just to piecemeal reform but to systemic change. Those rallying in the streets have appealed to the ‘kindest aspirations’ of America, but they have also denounced what they see as the fundamental illegitimacy of ruling US institutions. The long-standing protest chant, “What Do We Crave. When Do We Want It. Now. ” Those who chant such words are not satisfied. Source: www.counterpunch.org

The Fable of the Middle Class: Have Most Americans Always Been Poor? - CounterPunch

One of the most immovably entrenched myths of the American Ideology is that the U. S. is a “middle class society,” a “land of opportunity” where anyone who works unfalteringly has the opportunity to achieve the standard of living which has made America “the envy of the world. ” A common, and mark on, rejoinder has been to remind us that America has always had a sizable class of permanently poor people and that it is just factually false that those at, willing and able to work are on the path to middle class status. Has there ever been a substantial middle importance in America. Or has a poor working class been able to mask its condition by accessing an institution that has disguised a big portion of a poor working class as a middle class. The best place to start is with the history of the latest American middle class. The First Working-Class Middle Class: the Roaring Twenties. Of assuredly not everyone can get rich, for roughly the same reason that not everyone can be very tall. But most of us are supposed to be able to use to advantage the comforts that many Americans enjoyed after the Second World War and earlier, in economically pubescent form, during the Roaring Twenties. That decade was the at the start in history when any population enjoyed the comforts of a “consumer society. ” The remarkable growth rates of that decade were driven unexceptionally by Americans’ purchases of automobiles, ranges, radios, phonographs, toasters, refrigerators, electric fans and more. The usually world saw the miracle of the first genuine non-professional middle class. These new luxuries were not restricted to the very savoury and doctors and lawyers. wage workers were the majority consumers of these “consumer durables. But during the Great Depression innumerable radical Leftists argued that the short-lived prosperity (for white people) of the 1920s was a fluke, a stopgap aberration from capitalism’s default condition in which the working. Source: www.counterpunch.org

• Men's College Basketball Nation: BracketBusters

  02/21/13 ,via ESPN

  The 11th and final BracketBusters event begins Friday night and continues over the weekend all around the country. Here's my take (along with some predictions) on what I think are the seven best matchups:

• Bomb Plot Trio Had Means To Launch Britain's Biggest Terror Attack 'In A Generation'

  02/21/13 ,via Huffington Post UK

  Among the addresses raided was the group's safe house, where further evidence of the men's attempts to make a bomb was recovered, including a sports injury cool pack which Naseer had mistakenly believed would contain ammonium nitrate - a key bomb-making ingredient.

• Sony’s PlayStation 4 offers a first look at the future of gaming

  02/21/13 ,via Digital Trends

  From a technical standpoint, this is incredible. Many of the possibilities of this type of technology won’t manifest themselves for years. But imagine an open-world game that has 100 things going on at once where once only 10 were possible. Down the line ...

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