Late Lunchtime Links: The deep joys of unemployment; making Goldman partner aged 49

If you're concerned about unemployment, don't be. Not only do results to our current poll suggest that investment banking redundancy fears are overdone, but one ex-banker who lost his job in 2008 and still hasn't found another one, says unemployment brings JOY.

That man is 33 year old Ryan Paine. His testimonial to the pleasures of being out of work is visible here (third from the right). Since losing his job in investment banking, Paine has moved back in with his parents and taken to exercising heavily before walking the streets of Malibu barefoot and bare-chested, glistening with perspiration.

If Ryan doesn't grab you, it's always possible to aspire to partnership at Goldman at an age when bankers have traditionally turned to golf.

The 'firm' has hired Brett Olsher, Deutsche's head of emerging markets coverage, as a partner and co-head of natural resources, based in London. Unlike Paine, Olsher's enthusiasm for a life devoted to heavy exercise appears to have dissipated: he started out as a professional footballer and then took up investment banking.

Eventually, in a generation, by 2040, China will suck the life out of Goldman. (MarketWatch)

UK hedge funds push back on pay rules. (WSJ)

'Like a lot of hedge-fund guys, I've recently endured what might be misconstrued as a nervous breakdown.' (Bloomberg)

Real IRA says it will target UK bankers. (Guardian)

Myners reiterates calls for bankers to be paid in subordinated debt. (The Times)

Mervyn King to the TUC: "Remuneration, especially the structure of financial sector bonuses, encouraged excessive risk-taking, and distorted the aspirations and career choices of too many talented young people." (BankofEngland)

MBA Admissions Red Flag #2: No Extracurricular Activities. (85 Broads)