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NYC spends $45 million to retrain investment bankers

Per the NY Times. Gawker comes up with some suggestions. In their comments, some suggest journalism.

That might be an improvement at the Gray Lady, but how long before they officially go bankrupt? At least the retrained journos would have some new humility. One would hope.

Of course this sounds like a lunatic idea. And isn't their Ivy League education good for anything else? They need retraining? Finally, as Kevin Hassett noted in Bloomberg, these guys are narcissists. Good luck with that.

Mark adds: I owe my devotees a comment on my NY Times stock plug. I got in at $5.14 as announced at the time, still felt good when it went to $8 and got out at $6.70 on a trailing stop. I'm certainly bullish this brand at these record lows of $3.75. All it takes is the defenestration of one man - Pinch Sulzberger.

Comments (5)

Anne:

By all means, Mark. Glad you made some money off those guys.

You and Conrad Black are the only people I've ever known to use the term "defenestration" in casual conversation (to throw out the window...)

mark:

" In the Simpsons episode “Double, Double, Boy in Trouble”, Bart switches places with a rich boy who looks just like him. Lisa figures it all out because the new Bart is too nice and intelligent. She slaps the imposter and makes the claim that the real Bart would have thrown her out the window, to which the fake Bart says “He would have defenestrated you?” "

...which recalls for me the seemingly peculiar popularity of the Simpsons in Britain. On several business trips to Britain, grow men in their forties would regale me with accounts of their favorite Simpson episodes. I was familiar with the show, but my spouse forbid watching it in the house in order to spare the children Bart's poor example...

Anne:

Yeah, I didn't watch it then for the same reason, but I enjoy watching the movie and the old stuff now. With my now adult kids.

But actually my husband is a history buff, he's used the defenestration of Prague in conversation from time to time. I first heard it from him.

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