Michael Maiello's picture

Personal Information

Website
http://www.dagblog.com
Superpowers

Figure Four Leglock.

Favorite Quotes

Jet flyin, limo ridin, kiss stealin, wheelin, dealing, son of a gun!

Biography

Michael Maiello (also known as "Destor23") is a New York based columnist, performer, fiction author and playwright. He is the author of Shuts & Failures, Rejected New Yorker Pieces (Also Rejected by McSweeney's!). He worked for ten years at Forbes Media, writing and editing for both Forbes Magazine and Forbes.com and also appeared frequently on CNBC, Fox News, Fox Business News, CNN and MSNBC.  He is also the author of the 2004 book Buy The Rumor, Sell The Fact: 85 Wall Street Maxims and What They Really Mean. He has performed stand up comedy at The Laugh Factory, The Comic Strip and the Philadelphia Fringe Festival, Mama D's Arts Bordello and The Lost and Found Show. He has had four plays published (Night of Faith and Waiting For Death by Playscripts.com; Principia and Troy! Troy! Troy!by The New York Theatre Experience/indiethieatrenow). He has written for The Daily, Reuters, Esquire, McSweeney's the Liar's League reading series and theNewerYork.

History

Blog
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Member for
6 years 11 months

Blog Posts

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Obamacare's Website Benghazi'd His Birth Certificate

This morning I was not feeling 100% and so I skipped the very cool calisthenics class I like to take on Wednesdays for the more tender embrace of the elliptical machine.  Unfortunately, this meant that I did my silly walk while facing CNN with the sound off but closed captioning on.  It is very funny to watch report after report, rendered by CNN's botched, real time closed captioning, about how Kathleen Sebelius should resign her cabinet post because the Obamacare website hasn't worked.

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A New, Democratic Bull Market For Treasuries?

A big fear among investors and people running actual businesses in the U.S. is that at some point, interest rates must rise from historic lows.  This must happen, in part, because nothing lasts forever.  But behind that truism, there is a lot that could cause rates to rise.

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So, We Default?

There are two kinds of borrowers who default on their debts.  One type defaults because they cannot pay.  It is typical to say that they have over borrowed but it is easily as likely that some sort of catastrophe has destroyed the borrower's earnings power, perhaps permanently.  Then there are defaults of choice.  A borrower decides not to pay, even if they have the means.  Perhaps they feel that they were swindled by the lender and that the debt is thus invalid.  Or, maybe they just don't want to pay.

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Sunrise and Sunset

When President Obama signed the Affordable Care Act into law, Amy Winehouse was still alive and the launch of Apple's first iPad was a month away.  We are talking ancient history, here.  Yet, as I write this, we are less than 12 hours away from a government shutdown caused by a budget impasse caused by Republican insistence that the law now known as Obamacare be delayed and then defunded.  The Republican struggle to unpass the ACA has not ceased since it became law.  Along the way the name "Obamacare" changed from a term of derision to one that the President now owns.

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Papal Utterances

Posts like these generally start with a pronouncement of lapsed Catholicism on the part of the author.  I can be very atheisty.  I do not study the church.  I do not consider its views when I make any of my own decisions, be they moral, social, financial or dietary.  This means that I have something of a tin ear for the nuance of the papal utternance.

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It's Too Soon To Taper

Reuters had me back today in advance of the sixth Federal Reserve meeting of 2013, the meeting that is meant to signal the beginning of the end of quantitative easing and the eventual return to normal Fed operations.

It's too soon.

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Bloomberg, Syria and the Wisdom Of People

On another blog I got into a bit of a dust-up on Syria.  While not really advocating for anything, I asked the writer, some one recommended high by Princeton foreign affairs pundit Anne Marie Slaughter on Twitter, why he wasn't giving much weight to the idea the fact that American voters from both parties were mildly to intensely against military intervention in Syria.  I laid out the usual concessions to the nature of a Democratic Republic and the problems inherent in foreign policy by opinion poll but still, I insisted (and insist) the public appetite for something like this should carry

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Congress: What Is Good For?

Those of you who know me know that I torture myself with The New York Times Op-Ed page, allowing many of my first post gym hours to be consumed by perplexed rage at the chosen few who have access to the most coveted op-ed space in all the land. 

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Can Everybody Be Right?

Whatever is ultimately decided regarding Syria, I think that we have finally found an issue where both sides, in the main, have very reasonable and persuasive arguments.

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What Is The Norm on WMD?

The best argument for intervening in Syria is that the U.S. would enforce a normal surrounding the use of Weapons of Mass Destruction that, whatever the short run costs, would benefit the world in the long run.  We would seek to create a world where, I don't care if the rebels are at your door, you're not allowed to infect their home village with a disease or unleash the mustard gas.

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