Pilant’s Business Ethics CBS News
Keith Chrostowski writing for the Kansas City Star has definite opinions. He portrays a debate between two possible causes, main street or wall street. Who, he asks, should get the blame? It’s amusing and unsettling and it might make you mad, therefore, you should read it.
James Pilant
Let’s hear one more time, the great patron saint of Wall Street ethics:
I often rework the title of an article I am recommending but this time there wasn’t any way I was going to do that. Asher Meir writing in the Jerusalem World Review explains the Talmudic teachings (or advice or recommendations) on what you should invest in. The Talmud has much to say about investment and Rabbi Meir explains. (In brief, the Talmud recommends diversification.)
Rod Dreher has written on this subject before. Today, he has found an article he recommends from Mother Jones that further develops his narrative of government incompetence and complicity. He also recommends John Robb’s take on the subject from Robb’s web site, Global Guerrillas.
It is obvious that British Petroleum and the Obama White House are choking off news coverage of the oil spill disaster. This has so far served to dampen the rage and concern over the catastrophe. Both the White House and BP benefits by BP retaining control of the spill. The government does not want control of a sticky and difficult to manage situation as well as the multi-billion dollar cost of dealing with it. BP benefits by avoiding government oversight of its actions in dealing with the spill and limiting its financial liability. Of course, the nation does not benefit from letting this disaster continue supervised only by those responsible for the disaster in the first place. I think in years to come this will be used in textbooks as a classic case of government failure both before and after the disaster.
James Pilant
One angry commentator discusses the issue -
