Dunno if you guys in the US are up to speed on the Twitter joke trial, a classic collision of new technology, post 9/11 paranoia, witless judges, and a hapless victim. Here’s one of our leading comedy scriptwriters on the warpath back in May. The conviction was upheld on appeal! Here’s a geek carefully setting […]
Read more...Edward Harrison here. Yves is away so I am doing the links today. I’m trying to make it a good mix of economic and non-economy stuff, so I hope NC readers appreciate that. I especially liked the psychology links because of what they signify about the way to make economic and political arguments. Enjoy. German […]
Read more...A cross-post courtesy of market veteran (and occasional robust NC commenter) Bruce Krasting I wish I could get a penny for every dollar that is going to be paid to lobbyist to fight the various recommendations of the Fiscal Commission. As advertised, they basically took no prisoners save a small portion of the older population […]
Read more...Yesterday evening the yield on the Irish 10-year was up near 9%; Merkel reaffirmed her tough line on bond haircuts: Speaking in Seoul, where she is attending the G20 summit, Dr Merkel acknowledged her demands have upset the markets but insisted it was unfair for taxpayers to be saddled alone with the cost of sovereign […]
Read more...I’m off the grid, have back to back meeting and travel that preclude blogging before Friday evening. Richard Smith and Ed Harrison are ably manning the fort. I am leaving you with a more elaborate Antidote than usual. Enjoy! Hat tip reader Scott: If you thought the legend of the horse whisperer was impressive, here’s […]
Read more...NASA’s Fermi Telescope Finds Giant Structure in Our Galaxy Science Daily (hat tip reader John M) Big Pharma to begin microchipping drugs Natural News (hat tip reader furzy mouse) Drug Suits Raise Questions for Doctors, and Juries New York Times Taliban surges troops while the West surges Generals Kabul Press (hat tip reader May S) […]
Read more...If you were to believe the banks, the concern over foreclosure “improprieties” is way overdone. They claim that the robo signers really weren’t doing anything seriously wrong, the banks just need to redo some paperwork, and everything else about foreclosures is just fine. Yet Bank of America, having made the implausible claim that it had […]
Read more...Yves here. The idea that Social Security is in trouble is very much in dispute (although you’d never know that reading the MSM). Even to the extent that fixes are required, some simple ones (one of the biggest, raising the ceiling on payroll taxes, plus an increase in retirement age) would do the trick. This […]
Read more...Hope you enjoy the second part of our discussion on Real News Network. Part 1 is here. More at The Real News
Read more...By Richard Alford, a former economist at the New York Fed. Since then, he has worked in the financial industry as a trading floor economist and strategist on both the sell side and the buy side. In reaction to the OPEC-engineered oil price spikes of the 1970s, which economists would depict as external negative supply […]
Read more...The world’s best underwater photographs 2010 Guardian (hat tip reader Sundog) 1,000 tigers ‘killed in a decade‘ BBC Scientists: Beak deformities increase in Northwest Associated Press (hat tip reader John M) Bacteria ‘R’ Us Miller McCune (hat tip reader Sundog) Chromium plume spreads in Calif. town’s water Associated Press (hat tip reader May S) Any […]
Read more...The latest idea out of the G20, that of creating an international regulatory structure for the biggest international banks, sounds like progress but I doubt it will prove to be. Some regulators took note of the dangers posed by globe-spanning financial behemoths prior to the crisis. The Bank of England, in its April 2007 Financial […]
Read more...I was tight on time for this interview, and as a result I spoke at an even more rapid clip than usual. Hope you enjoy it nevertheless! More at The Real News
Read more...Keynes, himself a successful investor, was alert to the danger of a disproportionate level of speculative activity. His oft-repeated remark: Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation. When the capital development of a country […]
Read more...Tom Adams pointed to an article in American Banker by Kate Berry which discusses how mortgage securitization trustees are increasingly coming under scrutiny in the foreclosure crisis. By way of background, the trustee is the party responsible for securing the assets (the borrower promissory IOUs, liens, and various other documents related to the securitization). The […]
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