Wednesday, May 13, 2009

The Day in Web

Greg Wyshinski's line, "... like a Weeble dropped on a trampoline ..." wins the line-of-the-day award, and possibly for the week. I wasn't thinking about Weebles or trampolines until I read his Puck Daddy column this morning, and now dropping Weebles on a trampoline is all I wanna do. Now if only I had the Weebles. Or the trampoline ...

Last month I wrote about sports storylines I was following. Among them was the growing hockey rivalry between Sidney Crosby and Alexander Ovechkin. Well, they are meeting head-to-head in the Eastern Conference semifinals and Igloo Dreams has a writeup of tonight's winner-take-all Game 7.

As the (apparent) worst of our little financial correction recedes into the rear-view mirror, the Wall Street Journal reports($) that Congress is thinking of getting involved in how banks compensate their executives. The problems with this are too long to list in depth here, but the most important one is the same as with all government involvement: The government is rarely both objective and competent. People often think of government as an unbiased arbiter, but, at least in a democracy, government officials respond to their own incentives and pressures and "objectivity" gets left by the door in the rush to reward political friends and punish political enemies. And even when they are being unbiased and are sincerely looking for the best courses of action available, they too often lack the expertise to know what they're doing. Would you want Congress setting your pay?

No comments:

Post a Comment