Akkam’s Razor

• Is This the End of News?, by Michael Wolff: Politics & Power: vanityfair.com
  “Really? From serious broadsheet to scandalous tabloid?” I wonder if this plasticity is miraculous or ludicrous. “From Ben Bernanke to Paris Hilton. And could this work, from unreconstructed crypto-Fascist religious right to loony absolutist left?”
  (tags: news media socialsoftware aggregation information)
• The 10 Faces of Innovation
  (tags: innovation business creativity management design ideo article)
• What the F***?
  tnr.com — Fucking brilliant article on the linguistic perspective of swearingMore…

  (Offbeat News)

  (tags: language linguistics swearing psychology culture science politics)

A quote is absolutely driving me nuts is that of Countrywide CEO Angelo Mozilo stating that no one saw the current financial turmoil coming:

But as I do reflect on it, and I do a lot, nobody saw this coming. 

The Big Picture's Barry Ritholtz posts an insider's email, clearly detailing that those in the know CLEARLY knew what was going on.  And any reasonable person knows that it couldn't go on forever.  Industry had to know the good times wouldn't last, but greed gave them tunnel vision and caused them to ignore financial certainties.