Day 1,305: Penal

Penal new capital rules made this less lucrative, but the firm staked a Darwinian bet that the resulting shakeout would kill off many competitors.

The humbling of Goldman Sachs

Artwork of the day 
Faustina Peñalver Y Fauste
Mariano Benlliure
Style: Neoclassicism
Genre: portrait, sculpture
Media: bronze

Word of the day 
Penal: of or relating to punishment given by law

Quote of the day
“Hence I have no mercy or compassion in me for a society that will crush people, and then penalize them for not being able to stand up under the weight.”
― Malcolm X, The Autobiography of Malcolm X