Economic Theory 101: the raincoaster index

If only I could afford the barrel

If you’re an economist, you’ve probably heard about all kinds of bizarre and no doubt three-letter-acronymed thingies that measure vitality of the economy. If you’re not an economist (demographically speaking, it is indeed likely that people reading my blog are not economists, as surprising as that may seem) you may have heard of things like the GDP, SET index, and similiar TLA‘s, but have you heard of:

The Hotness Index

The hotter the waitresses, the weaker the economy. In flush times, there is a robust market for hotness. Selling everything from condos to premium vodka is enhanced by proximity to pretty young people (of both sexes) who get paid for providing this service. That leaves more-punishing work, like waiting tables, to those with less striking genetic gifts. But not anymore.

A waitress at one Lower East Side club described to me what happened there: “They slowly let the boys go, then the less attractive girls, and then these hot girls appeared out of nowhere. All in the hope of bringing in more business. The managers even admitted it. These hot girls that once thrived on the generosity of their friends in the scene for hookups—hosting events, marketing brands, modeling—are now hunting for work.” A Soho restaurateur I know recently received applications from “a couple of classic Eastern European fembots. Once upon a time, these ladies must’ve made $1,500 a night lap dancing. At my place, they’re not going to make that in a week.”

In the same vein, and somewhat more directly relevant, at least to MY life and probably to yours, too, since who can afford to eat out anymore, I’d like to present:

The raincoaster Index

Image of raincoaster raincoaster
12/14/09

I was invited to fourteen corporate holiday parties last year, all within walking distance of one another, all with open bars. This year, NONE! And I didn’t suddenly become more obnoxious, companies have really cut back.

Okay, gripe over. Fucking cheapskates.

@raincoaster: I’m convinced that your drinking binges are a better measure of the economy than the number of advance durable goods shipments.

Questions? Challenges? Drink offers?

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The Global Octopus Metaphor Through History

This building is Octopied

First, there was Goldman Sachs:

The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.

According to Matt Taibbi, it’s also a Great American Bubble Machine, but when you’ve won as many awards as Taibbi, the editors don’t insist you stick to one measly metaphor.

But, as Gawker discovered, it’s not really specifically Goldman Sachs that’s the vampire squid: according to the former government of Germany it’s the Jews who are a stabby, stabby, oil-crazed octopus. Behold

the Jewcephalopod:

Jewcephalopod

Very few people actually know that “Jewcephalopod” is the root word for “Jewcy.” It’s true. It’s a FACT.

But this globe-straddling, stabby, oil-crazed, vampire cephalopod is also Standard Oil:

Standard Oil Octopus, Baby!

as well as Big Transit, Big Politics, The System, and (again) Standard Oil.

From this, I believe we can only conclude that, in fact, the Rockefellers are Jewish.

WhiteMan’sBourbon
07:03 PM

Then Hitler showed the drawing to Hirohito, and thus was born tentacle porn.

Dream of the Fisherman's Wife by Warren Holder

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The Corruption Map

Stephen Harper checks his dinner for tenderness

This is nothing more nor less than a map of the most/least corrupt countries in the world, according to Transparency International. I, personally, think they’re giving Stephen Harper too much credit (or they just don’t know which strings to pull, typically Canadian!) but it’s flattering to see Canuckistan only a blue rinse away from snowy-white purity.

I used to be snow white, but I drifted
Mae West

The Corruption Map

Competitiveness and corruption.
Image via Wikipedia

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Sesame Street Layoffs hit hard

Sad Grover has a sad

Sesame Street, that beloved icon of childhood, where we learned everything we needed to know that later showed up in an overpriced book on business leadership, is under seige.

We thought that a neighborhood of loveable, shaggy Muppets would escape the ravages of the recession: my friends, we were wrong. So, so wrong.

In a tearful announcement earlier today, Kermit the Frog announced that, effective immediately, Sesame Street will lay off 20% of its workforce. While he refused to give specifics, he did indicate that the cuts would be made from the on-air staff, leaving no-one immune to these Draconian cost-cutting measures. Out of approximately 140 Muppets, this represents a loss of 28 beloved characters. Who will it be???

Video of the press conference from CNN:

and some updated lyrics, for the fans: originals here

Pogey Day

Sweepin’ the sun away

On my way to get my benefits

Can you tell me how to get,

How to get to the EI office, please?

Come line up

It’s fun to be a grup

Friendly social workers

Will see you now

Can you tell me how to get

How to get what’s coming to me?

It’s an Orwellian ride

Every one will be pushed aside

Unhappy people like you–

Unhappy people like…

What a terrible…

Dreary Day

Smokin’ my cares away

Off my head, here where the air is sweet

Can you tell me how to get,

How to get to …

Um, I forget.

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The Investment Banking Model, circa 2007

marriedtothesea.com

How long ago it seems now. Lucy’s mom lost her retirement savings when she found out her mutual fund was evenly split between a Madoff feeder and AAA-rated mortgage securities with the whole thing insured by AIG.

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