grahams + economy + bullshit   2

The LIBOR scandal: The rotten heart of finance | The Economist
THE most memorable incidents in earth-changing events are sometimes the most banal. In the rapidly spreading scandal of LIBOR (the London inter-bank offered rate) it is the very everydayness with which bank traders set about manipulating the most important figure in finance. They joked, or offered small favours. “Coffees will be coming your way,” promised one trader in exchange for a fiddled number. “Dude. I owe you big time!… I’m opening a bottle of Bollinger,” wrote another. One trader posted diary notes to himself so that he wouldn’t forget to fiddle the numbers the next week. “Ask for High 6M Fix,” he entered in his calendar, as he might have put “Buy milk”.
finance  economy  bullshit  shenanigans  from instapaper
july 2012 by grahams
Downsized Girl Scout Cookies In Just Six Flavors, Say What? - WSJ.com
To cut costs and increase revenue, a dozen Girl Scouts councils are testing out a plan to hawk just six different cookies.
food  cookies  scouts  economy  bullshit 
january 2011 by grahams

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