Sunday, March 29, 2009
As the "creative destruction" of capitalism described by Schumpeter proceeds in action, our vibrant economy reallocates assets to their most productive uses....
Axed Wall St. women turn to stripping.Scores of professional New York women stripped of their six-figure jobs are now working as "gentlemen's club entertainers" at upscale Manhattan jiggle joints. Former Wall Streeters, fashion executives and real-estate agents are pole dancing and stripping for as much as $1,500 a night -- but also because they like the flexible hours.
Randi Newton, 28, who lives in Midtown, was a financial analyst at Morgan Stanley before the crash but was fired.
"A few nights after I got laid off, I went with friends to a strip club to get drunk and forget my unemployment troubles," Newton said. "The manager offered me a job as a dancer. I thought it was different. And fun."
Today, Newton ... pole dances at Rick's Cabaret in Murray Hill three or four nights a week and says she makes "$160,000 a year on tips alone ... It was very odd seeing a strip club being better run than a major brokerage firm, not to mention I've never had problems with sexual harassment at Rick's"...
Jiggle-joint owners say they are hiring more "talent" than ever right now, due to a surge in business ... "These places give men hope," Rick's president Eric Langdan said, "the worst of times for us is the breast of times."
[NY Post]
Hey, who knew that "tourism" is a science? (seen at about 7:30 on the map of all sciences.)
From the realm of politics out beyond the big water....
"How are we supposed to trust the government with data protection if the Home Secretary can’t even keep the fact that her husband has been watching porn secret?"
[via Tim Worstall]
The fate of promised middle class tax cuts, now and then.
Dumb derrières of the week, in the world of sport...
[University of Kentucky basketball coach Billy Gillispie] won, but not enough. He shook hands, but not enough. After just two years, Kentucky had had enough ... The school fired Gillispie on Friday...
Gillispie never signed a formal contract as his lawyer and the university fought over the wording.
... the university does not plan to pay Gillispie a $6 million buyout that was to be part of his seven-year deal that remains unsigned.
~~
and Pro ...Ex-NFL Star Vick Lands in More Hot Water
Michael Vick’s National Football League comeback was dealt a potential blow this week as U.S. authorities alleged the former star quarterback illegally spent $1.35 million of his company’s pension-plan funds to help pay criminal fines stemming from his unlawful dog-fighting conviction...
Revealed! The true story behind the AIG bailout.
