Daily Archives: July 30, 2003


Carlyleism

In June The Economist reviewed the book The Iron Triangle on the Carlyle Group:

You need not be a conspiracy theorist, though, to be concerned about what lies behind Carlyle’s success. Can a firm that is so deeply embedded in the iron triangle where industry, government and the military converge be good for democracy? Carlyle arguably takes to a new level the military-industrial complex that President Eisenhower feared might �endanger our liberties or democratic process�. What red-blooded capitalist can truly admire a firm built, to a significant degree, on cronyism; surely, this sort of access capitalism is for ghastly places like Russia, China or Africa, not the land of the free market?

It looks like an interesting and instructive read.


Bobblehead Jack

In an unusual juxtaposition of sports and literature Jack Kerouac will make an appearance as a bobblehead doll:

The first 1,000 fans at the Aug. 21 game between the Lowell Spinners and Williamsport Crosscutters of the Class A New York-Penn League will receive bobbing likenesses of Jack Kerouac.

That’s On the Road he’s standing on. Full article here.