Elsewhere on Friday,

- “Perhaps I am jaded, but…”. The Lehman debate rages on.

- The bank’s prime detractor does CNBC

- Spinning the jobs numbers – “it takes 150,000 jobs to keep up with birthrate”

- Downgrade, stocks up. So does no one care about the bond insurers anymore?

- Mandy does SWFs.

- Transport costs and protectionism.

- “Closing below target carries a stigma, and the mantra coming from the industry is that it is more flexible than VC is, and thus better able to adjust to downturns by putting capital to work in different ways: new geographies, new investment strategies, yada yada yada.”

- A shift in the balance of BRIC power.

- ‘”Wine is the only thing that makes us happy as adults for no reason,” said the late cartoonist Saul Steinberg.’

- “Jason Russell, a fitness buff, had long found it difficult to combine his Christian faith with his job as a gym manager, which required him to be around women in spandex and men concerned only with how macho they are.”

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This entry was posted by Helen Thomas on Friday, June 6th, 2008 at 8:20 and is filed under Capital markets, Hedge funds, M&A, People, Private equity. Edit this entry.