Tuna Town in Japan Sees Fish Falloff New York Times. Ahem, we’ve been saying “don’t eat bluefin” for a while, species is on verge of collapse (and yours truly is a sushiholic).
Suit Alleges Trusted Blacks Drew Minorities to High-Rate Loans Washington Independent
Memories of the Carter Administration Paul Krugman
Credit Stock Growth versus New Credit Menzie Chinn
Car Sales Reversal: U.S. vs China Paul Kedrosky
Why capitalism fails Stephen Mihm, Boston Globe. On Hyman Minsky
The Bailout Bill Comes Due, Vexing Agencies New York Times
CNN’s Rick Sanchez Calls Out FOX News Liars You Tube
Antidote du jour:
4 comments
Comments are closed.
“Why capitalism fails” makes some good points but I really think the biggest problem with any financial model is that it fails to take in to account that humans are stupid and will consume until there is nothing left to consume.
Re: Tuna Town in Japan Sees Fish Falloff
Now they have something in common with the Somalis, over fishing by large national/international fishing fleets.
Skippy…but will they resort to piracy/blackmail is my Questions.
EU firms up bluefin tuna fishing ban support:http://www.silobreaker.com/eu-firms-up-bluefin-tuna-fishing-ban-support-5_2262586994490081301
“There are too many entrenched interests whose objective is maximizing profit, not sustainable use,” said Masayuki Komatsu, an expert on the fishing industry at Tokyo’s National Graduate Institute for Policy Studies.
That is true of many of our problems here as well. There are too many people who don’t care about the long term costs for everyone as long as they can make money for themselves now.