Daily Links for March 5th

  • Bob Sutton: The Enron Code of Ethics: Something Every Boss Should Read – My hypothesis is that the longer a code of ethics in a company, the more likely they are too be sleazeballs. As I've heard my father-in-law say many times, when people talk about ethics and morals more than seems necessary, his impulse is hide the good silverware.
  • Tensions Flare in Philadelphia Newspapers Bankruptcy – DealBook Blog – NYTimes.com – Wherein the Philadelphia Inquirer and Daily News recreate a Seinfeld episode.
  • Wall Street on the Tundra | vanityfair.com – It must have seemed like a no-brainer: buy these ever more valuable houses and cars with money you are, in effect, paid to borrow. But, in October, after the krona collapsed, the yen and Swiss francs they must repay are many times more expensive. Now many Icelanders—especially young Icelanders—own $500,000 houses with $1.5 million mortgages, and $35,000 Range Rovers with $100,000 in loans against them. To the Range Rover problem there are two immediate solutions. One is to put it on a boat, ship it to Europe, and try to sell it for a currency that still has value. The other is set it on fire and collect the insurance: Boom!
  • The New Majority | Building a conservatism that can win again – And for the leader of the Republicans? A man who is aggressive and bombastic, cutting and sarcastic, who dismisses the concerned citizens in network news focus groups as “losers.” With his private plane and his cigars, his history of drug dependency and his personal bulk, not to mention his tangled marital history, Rush is a walking stereotype of self-indulgence – exactly the image that Barack Obama most wants to affix to our philosophy and our party. And we’re cooperating! Those images of crowds of CPACers cheering Rush’s every rancorous word – we’ll be seeing them rebroadcast for a long time.

    Rush knows what he is doing. The worse conservatives do, the more important Rush becomes as leader of the ardent remnant. The better conservatives succeed, the more we become a broad national governing coalition, the more Rush will be sidelined.

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