"...it's not the training to be mean but the training to be kind that is used to keep us leashed best." ~ Black Dog Red

"In case you haven't recognized the trend: it proceeds action, dissent, speech." ~ davidly, on how wars get done

"...What sort of meager, unerotic existence must a man live to find himself moved to such ecstatic heights by the mundane sniping of a congressional budget fight. The fate of human existence does not hang in the balance. The gods are not arrayed on either side. Poseiden, earth-shaker, has regrettably set his sights on the poor fishermen of northern Japan and not on Washington, D.C. where his ire might do some good--I can think of no better spot for a little wetland reclamation project, if you know what I mean. The fight is neither revolution nor apocalypse; it is hardly even a fight. A lot of apparatchiks are moving a lot of phony numbers with more zeros than a century of soccer scores around, weaving a brittle chrysalis around a gross worm that, some time hence, will emerge, untransformed, still a worm." ~ IOZ

Feb 16, 2011

Division below, unity above

"In the wake of last week’s announcement of the planned $2.9 billion merger of the Toronto and London Stock Exchanges comes confirmation the operators of the New York and Frankfurt Stock exchanges are joining forces to create the largest exchange operator in the world.

The latest deal was announced Tuesday and no name for the new company – which will have dual headquarters in both Manhattan and Frankfurt – has been floated yet.

Upon completion, the new company will also own exchanges in Paris and Amsterdam as well as other cities – all of which will continue to operate under their existing names.

The operator of the Frankfurt exchange, Deutsche Boerse, will control 60 per cent of the new company’s board of directors. At least one American politician is calling for NYSE to appear first in the new name.

The New York exchange dates back to 1792 -- an institution of capitalism that has lost some of its relevance in the digital age.



"Constant revolutionising of production, uninterrupted disturbance of all social conditions, everlasting uncertainty and agitation distinguish the bourgeois epoch from all earlier ones. All fixed, fast-frozen relations, with their train of ancient and venerable prejudices and opinions, are swept away, all new-formed ones become antiquated before they can ossify. All that is solid melts into air, all that is holy is profaned, and man is at last compelled to face with sober senses his real conditions of life, and his relations with his kind. The need of a constantly expanding market for its products chases the bourgeoisie over the entire surface of the globe. It must nestle everywhere, settle everywhere, establish connexions everywhere."


Randal Graves said...

Oh those Germans, still duplicitous!

kelley b. said...

Karl was always as good as Groucho in my book.