Based on some positive response from my last posting regarding the economy and some indications of further interest on the topic, I will be randomly posting tidbits that I hope you all find useful. If not, please just ignore and scroll down for other great posts on modern design.
It is off topic for this blog a bit...but in the end, we are all part of a community and network and I think it is our job to collaborate to find solutions, rather than just watching helplessly from the sidelines.
Today's highlight (via zerohedge)
The list below highlights the firms that are on the hook to the FDIC in the form of implicit government-backed guarantees. The top five financial companies consist of CNBC's parent company (not for long) General Electric at $88 billion, Citi at $64.6 billion, Bank of America at $44.5 billion, JPM at $40 billion, and Morgan Stanley at $25 billion. Goldman is just out of the top five at the 6th position, with current outstanding TLGP borrowings at $21.3 billion - nearly a dollar for dollar match with what is expected to be the firm's end of year bonus accrual.
It is only fair to propose to (CEO) Mr. Blankfein that instead of paying $20 billion in bonuses, the firm uses the bonus accrual to immediately repay every single last cent of its TLGP borrowings. If the firm wishes to approach the private (non-taxpayer subsidized) market subsequently, and reissue the full amount refunded, it may of course do so. Since the firm has repeatedly stated that it is not indebted to the US taxpayer any more, it would be very hypocritical if the firm proceeds to pay $20 billion in bonuses while it is still receiving the implicit interest rate benefits courtesy of having over $20 billion in debt on its balance sheet funded at virtually risk-free rates.
P.S. What is General Electric doing on this list anyway?!?







Brightest London is Best Reached by Underground, by Horace Taylor, 1924. Published by Underground Electric Railway Company Ltd, 1924. Printed by Dangerfield Printing Company Ltd.
circa 1950, London's Roundel, the symbol created for London's Underground corporate logo that came to be assoicated with much of the city of London was designed by Edward Johnston, a brilliant artist and calligrapher and is a study in typography.

Construction began in 2004 and the famous right angle cantilever at the top of the building was joined in December of 2007. Reaching their goal of finishing by the time of the scheduled Olympics in Beijing began to look not only possible but plausible.

The CCTV project also includes a second building that will house a five-star hotel (bldg left of CCTV) with 300 rooms, restaurants and spas, recording studios and a 1,500-seat theater. This structure, the Television Cultural Center or TVCC is, as described by the architects, the public component of the project and was to open ahead of the larger headquarters in 2007.

