I didn’t spend a nickel on it, either — it was on the table when I sat down for a late lunch, so I read this lunacy.
ALT HED: WALL ST PROBABLY STILL FULL OF IDIOTS
OK, that’s really dumb. Sue me.
So are the markets better?
With global markets plummeting and a malaise settling over the U.S. economy, a firm located just one block from the New York Stock Exchange this week said it has come up with a plan that will “bring calm and stability to the markets, stimulate the economy and promote good fortune for the country.”
The firm — Global Financial Capital of New York — has two words for all you bears out there: Transcendental Meditation. They say they need to raise $1 billion to pull it off, which Global Financial Capital says is a bargain compared with our current $700 billion program.
Before you brush aside the idea as perhaps some aging hippie’s acid flashback, you should note that on Tuesday, the day the firm announced its meditation plan, the Dow Jones industrial average rose 889 points to close at 9,065.
Coincidence?
[ed: hellz yes it was a coincidence!]
It wants to establish a group of 1,000 experts in New York to practice TM to create “coherent national consciousness.” It also wants to enlarge its group of meditating experts in Fairfield, Iowa, to 8,000 from 2,000, and to establish a similar group of 8,000 in India. They say they need to raise $1 billion to pull it off, which they call a bargain compared with our current $700 billion program. Plus, they would use only the interest on the $1 billion to pay wages for the meditators — the principal would remain intact.
You’ll never believe who, from where, gets held up as an example of the power of TM:
“Meditation has been integral in my career; it is the single best thing that happened to me in terms of my leadership,” Goldman Sachs supervisory board member William George told Bloomberg recently. “Meditation enables one to focus on what is really important; and I haven’t had high blood pressure since the 1970s.”
Yep, that Goldman Sachs. I guess it didn’t enable enough focusing on what’s really important. Or doing their GDMFSOBing job isn’t what’s really GDMFSOBing important. Or his GDMFSOBing blood pressure is. Hoo-fucking-rah.
Front page of the business section. FRONT. PAGE. A reprinted press release for a passel of scalliwags raising a billion, with a B, dollars for teaching meditation. There’s your reason a) newspapers are circling the drain, and b) the Treasury’s printing and handing out gajillions of dollars like candy. Yeah, that bailout, great idea, huh?