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“You've gotta keep control of your time, and you can't unless you say no. You can't let people set your agenda in life." ”—Warren Buffett, on why productive people have empty schedules
“A shudder went through Wall Street on Friday after the revelation that Bloomberg News reporters had extracted subscribers’ private information through the company’s ubiquitous data terminals to break news. The company confirmed that reporters at Bloomberg News, the journalism arm of Bloomberg L.P., had for years used the company’s terminals to monitor when subscribers had logged onto the service and to find out what types of functions, like the news wire, corporate bond trades or an equities index, they had looked at. Bloomberg terminals, which cost an average of more than $20,000 a year, are found in nearly every banking and trading company. Bloomberg said the functions that allowed journalists to monitor subscribers were a mistake and were promptly disabled after Goldman Sachs complained that a Bloomberg reporter had, while inquiring about a partner’s employment status, pointed out that the partner had not logged onto his Bloomberg terminal lately. The incident led to broader concerns about the line at Bloomberg between its lucrative terminal business and the hypercompetitive newsroom, threatening to undermine the credibility of both. In a secretive world that thrives on opacity, traders and financial firms jealously guard every speck of information about their activity to avoid tipping their hand on their trades and investments. “On Wall Street, anonymity is critically important. Secrecy and the ability to cover one’s tracks is paramount,” said Michael J. Driscoll, a former senior trader at Bear Stearns who now teaches at Adelphi University. He added: “If Bloomberg reporters crossed that line, that’s an issue.” The news gathering technique appears more widespread than the Goldman incident, which was first reported by The New York Post. A preliminary analysis at Bloomberg revealed that “several hundred” reporters had used the technique, a person briefed on the analysis said. (Bloomberg employs more than 2,400 journalists worldwide. A spokesman declined to comment on the analysis and said no reporters had been fired.)”—
The New York Times, “Privacy Breach on Bloomberg Terminals.”
Bakery and bistro demonstrates how to have an epic public meltdown on Facebook
Amy’s Baking Company and Bistro was featured on a recent episode of Gordon Ramsey’s Kitchen Nightmares, but were dumped from the show because Ramsey of all people, thought the owners were total assholes. Demonstrating this short temper for the whole world to see, owners Samy and Amy Bouzaglo took to Facebook to aggressively and dickishly respond to some negative comments.
The Business Raver
I started wearing my suits to work again. Whenever I reach for a notepad or my drink during meetings my cuff and sleeve stretch up my arm a lil bit. I can’t help but notice everyone eyeballing the kandi on my wrist every time that happens.
A girl from my last meeting was like “OMFG do you rave?” Lol I’ve been wearing kandi on my arm since I started working here. Did it really take seeing such an odd thing on a man in a suit to notice?