ATLANTA— In world markets, there may be no better indicator of where inflation is heading than in the simple observance of the price of gold denominated in a given country’s currency. And with that said, it is interesting (and frightening) to note that gold has started a march back towards its all-time high price in terms [...]
Archive for January 27th, 2009
John Thain: Dante’s 4th Circle of Hell Personified
Posted in Current Events, Economy, tagged Bank of America, BOA, Capitalism, CEO Pay, Dante's Inferno, Executive Pay, Free Markets, John Thain, Merril Lynch on January 27, 2009 | 29 Comments »
ATLANTA— Listening to these stories that are surfacing about John Thain, former CEO of Merril Lynch, brings Dante’s 4th Circle of Hell a little bit more to life for me. Dante’s 4th Circle of Hell is the one reserved for people who’s desire for and hoarding of material wealth consumed them in life. Evidently, Mr. [...]
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