Bag’s Take-Away:
Whenever I find myself coming close to bringing down the world economy, the hairs on the back of my neck stand up.
via The New York Times
(credit: Jin Lee/Bloomberg News caption:  Days after disclosing a $2 billion trading loss at JPMorgan Chase, the bank’s chief executive, Jamie Dimon, said that “we made a terrible, egregious mistake.” “There’s almost no excuse for it,” Mr. Dimon said about the loss, which stemmed from a soured bet on credit derivatives made by the bank’s chief investment office in London.)
Visit BagNewsNotes: Today’s Media Images Analyzed
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Topping LIFE.com’s 2011 Best Photo Blogs — also follow us on Twitter and Facebook.

Bag’s Take-Away:

Whenever I find myself coming close to bringing down the world economy, the hairs on the back of my neck stand up.

via The New York Times

(credit: Jin Lee/Bloomberg News caption: Days after disclosing a $2 billion trading loss at JPMorgan Chase, the bank’s chief executive, Jamie Dimon, said that “we made a terrible, egregious mistake.” “There’s almost no excuse for it,” Mr. Dimon said about the loss, which stemmed from a soured bet on credit derivatives made by the bank’s chief investment office in London.)

Visit BagNewsNotes: Today’s Media Images Analyzed

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Topping LIFE.com’s 2011 Best Photo Blogs — also follow us on Twitter and Facebook.

Bag’s Take-Away:
Part of the impunity of Wall Street firms has to do with how stealth they are — how they can operate like individuals in the eye of the conservative Supreme Court justices and the expected Republican nominee but otherwise lack a public face. With the news of the massive derivative loss by JPMorganChase, one apparently still mounting, this AP photo tries to capture both problems, the anonymity and the loss.
Monolithic in scale (playing off the tiny figure, citizens or shareholders but a speck), there is also a Darth Vadar-ish quality to the picture, the darkness compounded by the black skin of the building and the man.
» See full post and extended pics (Further Wall Street Bloodletting: Photographers Give JPMorgan Chase) at The Bag. «
(photo: Seth Wenig/AP caption: A man talks on a phone in front of the Chase logo at JPMorgan Chase headquarters in New York, Wednesday, May 16, 2012. U.S. House Republican Rep. Shelly Moore Capito, chairman of the House Financial Services subcommittee, on Wednesday said that the $2 billion trading loss at JPMorgan Chase raises critical questions about how banks control their risks. But Republican lawmakers rejected calls from Democrats for stricter oversight of Wall Street. )
Visit BagNewsNotes: Today’s Media Images Analyzed
—————
Topping LIFE.com’s 2011 Best Photo Blogs — also follow us on Twitter and Facebook.

Bag’s Take-Away:

Part of the impunity of Wall Street firms has to do with how stealth they are — how they can operate like individuals in the eye of the conservative Supreme Court justices and the expected Republican nominee but otherwise lack a public face. With the news of the massive derivative loss by JPMorganChase, one apparently still mounting, this AP photo tries to capture both problems, the anonymity and the loss.

Monolithic in scale (playing off the tiny figure, citizens or shareholders but a speck), there is also a Darth Vadar-ish quality to the picture, the darkness compounded by the black skin of the building and the man.

» See full post and extended pics (Further Wall Street Bloodletting: Photographers Give JPMorgan Chase) at The Bag. «

(photo: Seth Wenig/AP caption: A man talks on a phone in front of the Chase logo at JPMorgan Chase headquarters in New York, Wednesday, May 16, 2012. U.S. House Republican Rep. Shelly Moore Capito, chairman of the House Financial Services subcommittee, on Wednesday said that the $2 billion trading loss at JPMorgan Chase raises critical questions about how banks control their risks. But Republican lawmakers rejected calls from Democrats for stricter oversight of Wall Street. )

Visit BagNewsNotes: Today’s Media Images Analyzed

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Topping LIFE.com’s 2011 Best Photo Blogs — also follow us on Twitter and Facebook.

Bag’s Take-Away:
 Tell me the White House isn’t thrilled to be looking this threatened. Thank you, Occupy!
via CoverJunkie
Visit BagNewsNotes: Today’s Media Images Analyzed
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Topping LIFE.com’s 2011 list of Best Photo Blogs, follow us at: BagNewsNotes; BAG Twitter; BAG Facebook; Bag by Email.

Bag’s Take-Away:

Tell me the White House isn’t thrilled to be looking this threatened. Thank you, Occupy!

via CoverJunkie

Visit BagNewsNotes: Today’s Media Images Analyzed

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Topping LIFE.com’s 2011 list of Best Photo Blogs, follow us at: BagNewsNotes; BAG Twitter; BAG Facebook; Bag by Email.

Bag’s Take-Away:

The World in Two Balconies: Emerging China, Declining Greece.

via Reuters, Editor’s Choice

(Credits: Photo 1, Aly Song/Reuters caption: A worker climbs a ladder next to a mannequin during the China International Wedding Expo in Shanghai February 15, 2012. The expo will allow exhibitors to highlight their products, high-level equipment and the world’s wedding photography trends, plus the exchange and trade between the domestic and overseas wedding industries; Photo 2, Panayiotis Tzamaros/Reuters caption: An employee of the Workers Housing Organization threatens to jump from the office where she worked because her wage has been cut and she and her husband were threatened with layoffs, in Athens February 15, 2012. Workers Housing Organization is a state owned company that is on the list of state entities that may be shut down to cut costs under the terms of the new 130-billion-euro ($170 billion) bailout agreement with the European Union and International Monetary Fund.)

Visit BagNewsNotes: Today’s Media Images Analyzed

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Topping LIFE.com’s 2011 list of Best Photo Blogs, follow us at: BagNewsNotes; BAG Twitter; BAG Facebook; Bag by Email.

Bag’s Take-Away:

Here’s what you can do with your digits? If the message is plain and simple, it’s a classic example of a world-wide trend. 


(photo: AFP PHOTO / GIUSEPPE CACACE caption: A sculpture by Italian artist Maurizio Cattelan depicting a middle-finger gesture faces Milan’s stock exchange on July 11, 2011. Italy moved to curb financial speculators the same day as the Milan stock market dropped and Italian bond yields hit record highs on investor worries that Europe’s sovereign debt crisis is spreading.)

Via : Charlotte Observer.
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Topping LIFE.com’s 2011 list of Best Photo Blogs, follow us: BagNewsNotes. BAG Twitter. BAG Facebook.

Bag’s Take-Away:

Here’s what you can do with your digits? If the message is plain and simple, it’s a classic example of a world-wide trend.

(photo: AFP PHOTO / GIUSEPPE CACACE caption: A sculpture by Italian artist Maurizio Cattelan depicting a middle-finger gesture faces Milan’s stock exchange on July 11, 2011. Italy moved to curb financial speculators the same day as the Milan stock market dropped and Italian bond yields hit record highs on investor worries that Europe’s sovereign debt crisis is spreading.)

Via : Charlotte Observer.

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Topping LIFE.com’s 2011 list of Best Photo Blogs, follow us: BagNewsNotes. BAG Twitter. BAG Facebook.