Friend and hero Heidi N. Moore has a super easy-to-understand and also cutting analysis of what went wrong on Facebook’s big day (hint: LOTS). There are some fun things to be learned about how IPOs work, which is good, because we’re all going to need to know what to do and what not to do when our own sick startups go public. Step one: Don’t do secret and illegal things. Step two: Do everything Facebook did, but opposite.
Heidi N. Moore has lots to say—and nothing good—about the fiscal cliff deal (“deal”) passed by the Senate early Tuesday morning: “So, after a day, and week, and year filled with manufactured drama, the US Senate not only failed its only goal – reducing the US deficit – but also built a mountain range out of the molehill of budget talks.”
And if you’re in the mood for more good (“good”) news, her piece about the longterm unemployed and how a real deal likely wouldn’t help them anyway is a doozy (“The predicament of the long-term unemployed only has a passing relationship to the fiscal cliff. There happens to be no one in the government who can put their hand up and protect the unemployed”).
Heidi N. Moore has a delicious translation of Speaker Boehner’s letter to Pres. Obama about THE FISCAL CLIFF, and you should definitely read it. (“We’ve been pretty clear that we don’t want to raise taxes on people making more than $250,000 a year – but if we absolutely have to, then we insist on cutting government spending on programs like social security and Medicare.”)
If this sarcasm piques your interest in the cliff and now you’re like, oh maybe I should read about that I guess, MAY I SUGGEST this thread in which Heidi and her Guardian pal Dominic Rushe answer reader questions about the fiscal cliff. Their responses are extremely readable and understandable.
FOR EXAMPLE, Heidi answered the question, “Why is it called a cliff?” super simply (TO SCARE YOU), and then explained the whole mess in four short paragraphs.
“There’s no good reason that it’s called a cliff! The phrase was invented by Federal Reserve chairman Ben Bernanke in February and everyone stuck with it.
If LIBOR makes your head hurt, this Marketplace report by hero and scholar Heidi N. Moore might make it hurt a little less (maybe). It’s a real-life example of a real-life town who lost real-life money because of a made-up rate! You can read the transcript, but really you should just listen to it because it’s five minutes, there are pool sounds, and Heidi Moore’s voice will seep into your mind and make you understand all things (proven).