Tuesday, October 19, 2010
Stephen A. Schwartzman, chairman and co-founder of the Blackstone Group, compared his company's corporate tax increase of 15% to 35% to the invasion of Hitler. The galling thing about Schwartzman's statement is that his company exists because of the bailout, and contracts given to this investment and advisory firm. Now, he is deriding the government. Schwartzman is angry with the government when Blackstone would not exist without it. The comparison is also disturbing and grossly hyperbolic. Is Schwartzman Jewish?
When I phoned my brother Haywood earlier he seemed a bit distracted. After a little while, I asked him if it was a good time. He said for me to go ahead. We had a good conversation as usual. A few hours later he phoned to say he was sorry that he hadn't given me his undivided attention earlier. I thanked him. I also wondered about our integrity and the concern we show each other.
There is a reason why the stock of Borders, and Barnes and Noble is tanking. Looking for books on the history of Detroit and Chicago in the 30s, I went to the aforementioned bookstores. I live in Detroit and there were no books on Detroit save some picture books, and they had nothing on Chicago. This is the why I largely order books online. The selection is vast and there is no hassle. I don't think Borders or Barnes and Noble can sell enough coffee to be profitable.