Writing a stock market column for the Monday edition of a business newspaper always requires a certain amount of creative imagination. A journalist can't really report on what happened during the previous (Friday) trading session -- that's old news -- and how much can one freshly forecast about the upcoming Monday morning trading session? By the time most readers crack open their Monday morning financial dailies, the markets will have rendered moot any forecasts anyway."Given the performance of these investments so far, how much worse does it have to get before pension trustees and university endowments and the top-tier private-equity firms they back ask whether it makes sense to keep doing this?" Richardson asks. "How long before rich overseas funds stop giving cash to Wall Street firms that lose their money?"
Although Dennis started out with media and technology as his core beats, he's expanded that role significantly -- and now is a go-to commentator on every variety of business and economic story from early morning to late night. He's often showing up on Kudlow & Company and periodically hosts the show when Larry is off. ![]() |
| H.C. Chatfield-Taylor in 1897 |
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Scott,
There are miserable creatures like you in every administration who don't have the guts to speak up or quit if there are disagreements with the boss or colleagues. No, your type soaks up the benefits of power, revels in the limelight for years, then quits, and spurred on by greed, cashes in with a scathing critique.
In my nearly 36 years of public service I've known of a few like you. No doubt you will "clean up" as the liberal anti-Bush press will promote your belated concerns with wild enthusiasm. When the money starts rolling in you should donate it to a worthy cause, something like, "Biting The Hand That Fed Me." Another thought is to weasel your way back into the White House if a Democrat is elected. That would provide a good set up for a second book deal in a few years.
I have no intention of reading your "exposé" because if all these awful things were happening, and perhaps some may have been, you should have spoken up publicly like a man, or quit your cushy, high profile job. That would have taken integrity and courage but then you would have had credibility and your complaints could have been aired objectively. You're a hot ticket now but don't you, deep down, feel like a total ingrate?
BOB DOLE
This post was originally published on the Low-Volume Manufacturers Association web site: www.l-vma.org.
To this vocal group, life is an ordeal. The planet is overheating due to greedy energy companies. Their health is diminishing due to conspiratorial fast food and pharmaceutical companies. Their right to Internet access is threatened by Internet Service Providers who are not willing to lose money to deliver more high-definition pornography to them. Their privacy - both online and off - has been sold to the highest bidder. And their tea is cold.![]() |
| Portfolio.com Blogger Felix Salmon at Milken |