Slate has uncovered an essay from Bernard Madoff's accountant, David Friehling. Rather than keeping Madoff's books honest, he was off gallivanting across Europe, where he evidently was amazed that Europeans had ATMs. By the way, ClusterStock notes Friehling hasn't been seen since Madoff was arrested. Maybe someone should check his ATM records.
From essays, Dealscape turns to poems. Nomura Securities International Inc.'s chief economist David Resler thought it would be cute to write a holiday poem about the bad economy, notes Deal Journal. Whoever first called economics the dismal science evidently never met Resler.
On the topic of the dismal science, not all economic news is bad news. Take for example The New York Times' article explaining the "sticky wage" theory, which essentially says that as bad as the economy gets, companies rarely cut employee pay because it is bad for productivity. Well, Portfolio's Felix Salmon has found an example of wage cuts at FedEx leading him to wonder if the theory is antiquated. Salmon should ask the employees at FedEx what they think. - Matthew Wurtzel
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