Buffy Postrel asks the intriguing question, Should You Know Your Banker?
"... financial markets make the biggest difference between open, market capitalism and closed, relationship capitalism. Free
financial markets allow outsiders with good ideas to raise funds, even when their businesses will compete with insiders ...
'Free financial markets are the elixir that fuels the process of creative destruction, continuously rejuvenating the
capitalist system. As such, they are also the primary target of the powerful interests that fear change' ...
the American economy is far more open, and ... fairer, than many around the world."
Posted at 11:42 PM, GMT
The Chairman watches his profits dribble away in today's Trading for Dummies lesson.
I'm going to be away most of today since LLP is flying to NY to take care of some business and I have to help her pack and
send her off.
Posted at 11:18 AM, GMT
Jon Friedman writes about Slate's growing pains.
"Slate's business strategy is 'to attract top-tier demographics, which transfers to advertising on the Web' ...
the typical Slate reader is a 30-something post-graduate, with an annual household income of an enviable $80,000-plus."
"'If we had pissed away money at the rate Salon had done, Microsoft would've shut us down a long time ago,' Kinsley said in a
telephone interview. 'If they were as frugal as we are, they'd be thriving. The only reason people are paying attention to
Salon is us. Otherwise, they are forgotten. At every stage they have mocked us, then they followed us.'"
Posted at 10:17 AM, GMT
Check out the entries to the Asia Weblog Awards.
Posted at 9:59 AM, GMT
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