Where are the airplanes? © fintag

Todays shorts:
Very dull news about someone joining a private equity ship (emii)
Fcuk Business. Socialism rools ok. (telegraph)
Americans prefer benefits to work (bloomberg)
Hedgies shun fees and turn into non profit organisations (hedge funds review)

Todays longs:
Even duller news about a VP who ...yawn (icfa)
Six Pack Man Says No To Flying (bbc)
Hedgies Eat Bread (bloomberg)
Greeks give middle finger to Germany and suck up to the USA (cityam)
Greeks enjoy the fruits of corruption (finfacts)
Greeks told off by Soros (nytimes)
Germany told off by Soros (nytimes)

News comments:
Yesterday I said goodbye to a quant. No longer was she prepared to make rich people richer and wanted to tell her kids she made the world a better place.

I pointed out that with rising taxes, these rich people were giving away more to the tax man who was enriching all our lives with aid for africa (or is that aid for corrupt dictators?), new airports to help speed up climate change and hospitals to make fat people better.

An hour later she told me she was staying. Hopefully my argument was persuasive but I think it was more to do with a lack of quant jobs in the market.

Of course this is my own news and it is dull and irrelevant. The big news like the Icelandic volcanic (with the unpronounceable name) revenge is more important. Having stopped planes flying they have helped slow down climate change. Well done to the Icelanders.

And well done to the media for turning a dull sixth form debating forum into a top rate X-Factor TV spectacle as an old Westminster lad outdid an old Etonian who thrashed a knackered Presbyterian tax and spend merchant. [Editor: Phew! No mention of Scottish].

Thankfully no mates Terry Smith handed the taxman £2.5m of his bonus and Virgin Active has more poseurs than a Selfridge's changing room. Climate change maybe an issue, broken Britain a reality and Fitness First the worst gym in London but at least the sky is free of airplanes.

Gossip:
Typical. On me old blog I predicted Goldman Sachs would be sued by the SEC. The prediction sat there for 18 months and now its come true. I am never wrong ...