In a way bankers are Marx’s dream, it’s the workers getting the fruits of their labours. It’s funny that the left is usually angry at shareholders, for taking money out of companies and thereby bringing down workers’ salaries. Yet with the banks they want shareholders to press the banks to do exactly that, and curb pay.
Joris Luyendijk, “External auditor: ‘Nobody at a bank can have a complete overview any more'”, The Guardian, 2012-04-28
April 29, 2012
QotD: Bankers, Marx’s dream workers
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A first-timer’s view of Guild Wars 2: the second day
(Cross-posted from GuildMag)
With my ranger pet being nerfed after level 7 (see yesterday’s post for details, including the comments), there didn’t seem to be much point carrying on any further with my ranger. I was dying regularly enough with an active pet … no point in spending the rest of the weekend practicing my “downed” skill set! (And many thanks to the noble souls who revived me a few times last night.)
After witnessing the land rush to certain servers on opening day of the beta weekend event, I now hope that ArenaNet can come up with some method of allowing long-established guilds to all start on the same server: as I mentioned yesterday, my guild only managed to get a small number in before the capacity of Sorrow’s Furnace was reached. For the BWE, it doesn’t really matter that much (except for WvW fans), but I think it’s a major concern for lots of players who want to enjoy the company of the guild/alliance they’re used to working with in Guild Wars. The transfer fee for switching worlds was waived for the first 24 hours of the BWE to help with this, but you still can’t transfer to a server that’s at or over capacity.
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Wrapping up the Vikings’ draft selections
As I always have said, I don’t follow college football in the slightest, so I can’t make any pontifications about the specific players chosen in the draft. I depend on folks like Jim Souhan of the Minneapolis Star Tribune to keep me up to date on who got drafted and why:
This was Spielman’s first draft as the Vikings’ unquestioned personnel boss, and we can divide it into two phases:
- He seemed to do well with his first four picks.
- He, like everybody else who does his job, was playing Lotto after that.
Spielman landed the best offensive lineman in the draft (Kalil) after trading down a spot to pick up three extra draft choices. He traded into the first round to land the second-best safety in the draft in Notre Dame’s Harrison Smith, who by default instantly became the Vikings’ best safety since Darren Sharper arrived in 2005.
He took speedy cornerback Josh Robinson in the third round, and flashy-if-small Arkansas receiver Julius Wright with his first fourth-round pick.
So with his first four choices, Spielman appeared to draft for both quality and need. After that, he was either displaying a keen appreciation for hidden talent, or he was throwing bent darts at a moving bull’s-eye.
As I said after the first day’s selections, Spielman made the right decisions as far as covering the positions at which the Vikings were glaringly poor last season. After that, though, my guesses weren’t as close as I’d thought they’d be. My thoughts were that a tall, speedy wide receiver was the next most urgent requirement, and they did select a receiver, but Julius Wright seems more like another Percy Harvin — not that there’d be anything wrong with cloning Harvin, but slot receiver was not a notable requirement.
I’d mentioned drafting another running back for depth would be a sensible move, and with the news today that Caleb King has been arrested on an assault charge, that need was probably greater than I’d thought. With Adrian Peterson still rehabbing from his ACL injury in December, Toby Gerhart will need someone behind him for change-of-pace and the odd breathing spell.
Here are the players drafted:
1. (4) Matt Kalil, LT, Southern California
1. (29) Harrison Smith, S, Notre Dame
3. (66) Josh Robinson, CB, Central Florida
4. (118) Jarius Wright, WR, Arkansas
4. (128) Rhett Ellison, TE, Southern California
4. (134) Greg Childs, WR, Arkansas
5. (139) Robert Blanton Jr., CB, Notre Dame
6. (175) Blair Walsh, K, Georgia
7. (210) Audie Cole, LB, North Carolina State
7. (219) Trevor Guyton, DE, California
Once the draft was over, the team signed 15 undrafted free agents. The first time all the rookies will be on the training field together will be this coming Friday at the Vikings’ rookie mini-camp.
Here are two exhausted ESPN 1500 guys, Tom Pelissero and Judd Zulgad, discussing the Vikings’ draft picks on the last day:
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Do you read the daily stock market commentaries? Don’t bother
I don’t mean the ups-and-downs of the market … if you’re invested in the market, it behooves you to pay a bit of attention now and again. No, what I mean are the interpretations of what’s happening in the market and what is or isn’t driving it. Canadian Couch Potato has a good summary:
I remembered the joke this morning when I read the Financial Post’s daily market commentary: “The S&P 500 added more than 2% in the two previous sessions as immediate concerns over rising yields in Spain and Italy ebbed and on bets the Chinese GDP data would surprise on the upside.”
This commentary can sound so knowledgeable and wise. But to suggest that daily market movements can be explained in such simple cause-and-effect terms is laughable. If you want proof, all you need to do is read the commentary every day. You’ll just as often see statements like this: “The S&P 500 shed more than 2% in the two previous sessions despite immediate concerns over…”
It can’t work both ways: either these events affect daily stock prices, or they don’t. Once you accept this, you realize that commentary linking the S&P 500 to surprising Chinese GDP data sounds a lot like the joke about Katarina Witt and Billy Martin.
Here’s my own version of the daily market report: “The S&P 500 added more than 2% during the last two sessions because of an incredibly complex and largely random combination of factors that cannot possibly be distilled into one sentence. Analysts expect gains to continue during the second quarter, but since this already priced into the markets, no one should give a fiddler’s fart what they think. Meanwhile, money managers have released their forecasts for the year, which will be widely read and acted upon, despite the fact that their previous forecasts were dead wrong. Tune in tomorrow for more of the same. In the meantime, stick to your long-term plan.”
H/T to Terence Corcoran for the link.
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