HOW DARE YOU

Some protesters objected to city and the landlord’s depiction of the park and said some would try to remain, no matter what the city or Brookfield do. “Unsanitary? We have a cleaning department here,” said Junior Martinez, 23 years old, who lives on the Lower East Side when not camping out. He added: “Tents or not, we will sleep without tents. I think people are going to end up doing it no matter what.” [WSJ, earlier]

Did FTP maybe commit a crime? Yes. Was the crime it committed a Ponzi Scheme under the strict definition of the term? No. Continue reading »

“One of the great pejorative terms that continue to be used is this thing of bailout which suggests that the country is in some way seeking not to meet its obligations, to meet its own debts,” Cowen said, rejecting the suggestion that Ireland will be unable to fund its obligation. “That is not the case.” He’s got some meetings set up re: this whole budget thing, they’ll sort it out, it’ll be fine, so just, shhh, relax. Continue reading »