Russian Stock Market Dowy 87% Year To Date: CLOSED UNTIL FURTHER NOTICE

DriftingByTheStorm

Yep.
Swear to god, just out of Mark Haines mouth on CNBC.

I think the news off the tube (CNBC) may actually be fresher than the pages right now, but here is an article about their markets in general:
here

Yikes.
And i was just trying to type some positive news in my "short selling" thread, but this is a bummer. Also the LIBOR rate keeps spiking, which means banks are still NOT lending to eachother.

:( :( :(

Update: Video, and ARTICLE found.

pjfan020

I heard about that on NPR. The market dropped ridiculously quick after opening and got shut down right away...I heard there's talks of a G8 type meeting possibly taking place.

sponger

Man oh man.

I remember when I was an accounting student in college. The professors were going apeshit about ethics because the Enron thing had just happened.

No school wanted to be the school that produced the next Enron executive. All of the professors over and over were like, "What you do out there reflects on the rest of us."

This one professor we had took it to an extreme. She handed out free copies of an autobiography written by a former book cooker.

So, at the end of the semester when it came time to fill out those surveys that students fill out about the class, I wrote a brief little piece about the hopelessness of teaching ethics because mankind is inherently immoral anyway.

My fellow classmates were leaving, so I didn't get time to write my final thought. And that thought was that there is no difference between an accountant who cooks for the CEO and a Nazi officer who gases Jews for Hitler.

That is, after all, the theory of obedience. When people are placed in a subordinate position, there is a 75% chance that those people will commit acts of immorality if asked to do so by ANYONE representing an authority.

So, my opinion is that all accountants are ethical when they accept that diploma. It's when they are out in the real world and are forced to choose between ethics and livelihood that they become criminals.

And the only way we are ever going to learn how to grasp the concept of morality in its most universal form is by understanding how the concept of authority is in it of itself an immoral insitution in any form what so ever.

Commy

sponger wrote:

the concept of authority is in it of itself an immoral insitution in any form what so ever.

very true.


and so we need to rule without authority. become the government so to speak. If everyone rules no one rules, and that's how you get rid of authority.

Anarchy.

sponger

Commy wrote:

very true.

and so we need to rule without authority. become the government so to speak. If everyone rules no one rules, and that's how you get rid of authority.

Anarchy.

I wouldn't be surprised if that's how aliens do it. That's probably how they're able to communicate telepathetically. With the absence of authority, people are forced to deal with their true selves as the long-standing notions of stature/status disappear and reveal the frail, confused, and emotionally driven beings that we truly are. The commonalities that we each share with each other will become so abundantly evident that the cumbersome inefficiency of linguistics will eventually give way to uninhibited thought projection.

Kann

sponger wrote:

That is, after all, the theory of obedience. When people are placed in a subordinate position, there is a 75% chance that those people will commit acts of immorality if asked to do so by ANYONE representing an authority.

That's quite a statistic. I don't know if you base this on Milgram's experiment, but you do realize statistical results of psychological experiments have no scientific meanings whatsoever? You may believe that men are inherently immoral but it's at best a philosophical position.

Commy

sponger wrote:

I wouldn't be surprised if that's how aliens do it. That's probably how they're able to communicate telepathetically. With the absence of authority, people are forced to deal with their true selves as the long-standing notions of stature/status disappear and reveal the frail, confused, and emotionally driven beings that we truly are. The commonalities that we each share with each other will become so abundantly evident that the cumbersome inefficiency of linguistics will eventually give way to uninhibited thought projection.

yeah. Aliens. good point. and relevent. Grays? is that where you were going or I guess I'm a little confused as to what in the hell aliens have to do with any of this.

sponger

Kann wrote:

That's quite a statistic. I don't know if you base this on Milgram's experiment, but you do realize statistical results of psychological experiments have no scientific meanings whatsoever? You may believe that men are inherently immoral but it's at best a philosophical position.

Yes I do base it on Milgram's experient. Yes I know psychology is a pseudo-science. But one need only to look at history to understand that the instances of people obeying the wrong orders without question far, far outweigh those of people standing in defiance of those orders.

sponger

Commy wrote:

yeah. Aliens. good point. and relevent. Grays? is that where you were going or I guess I'm a little confused as to what in the hell aliens have to do with any of this.

Because on this planet, no model of successful anarchy exists.