Nuclear debris could reveal clues of bomb’s origin BBC (hat tip reader John M) Mob-sourcing: the prejudice of crowds ZDNet Pompeiians Flash-Heated to Death—”No Time to Suffocate” National Geographic (hat tip reader John M) In Race Between Humans and Bacteria, My Money’s on the Bacteria Paul Kedrosky A Recipe For Fascism Chris Hedges TruthDig (hat […]
Read more...By Marshall Auerback, a Senior Fellow at the Roosevelt Institute, and a market analyst and commentator; first posted at New Deal 2.0. Before throwing rocks at the U.S. for its spending, Germany should take a look at its own crumbling glass house. Okay, I did a few years of German language study, so I know […]
Read more...Back in July, Rebel Economist noted how the Greek bailout actions had compromised the ECB: The first concession made by the ECB was in the collateral requirements for its lending to eurosystem banks. These were set in terms of agency credit ratings, no doubt to distance the ECB from the task of differentiating between the […]
Read more...Spontaneous GMOs in Nature: Researchers Show How a Genetically Modified Plant Can Come About Science Daily Do the poor have a right to live in expensive areas? BBC (hat tip reader Paul S) Tea Party Betrayed Already? Dave Johnson Crusade 2.0 John Feffer, TomDispatch HSBC and StanChart call for Basel III rewrite Financial Times. Brace […]
Read more...By Marshall Auerback, a portfolio strategist and Roosevelt Institute Fellow As any student of Economics 101 realises, you can control the price of something, or the quantity, but not both simultaneously. In announcing its decision to purchase an additional $600bn of treasuries last week, the Federal Reserve presumably intended to create additional stimulus to an […]
Read more...Yves here. This post by Linda Beale, who was involved in the tax angles of securitizations in her prior life on Wall Street, first appeared on Angry Bear and on her blog, A Taxing Matter. It’s a very helpful addition to the discussion of the foreclosure crisis. Because it is also a bit technical at […]
Read more...By Joe Costello, former communications director for Jerry Brown’s 1992 presidential campaign and senior adviser for Howard Dean’s effort in 2004; first posted at Archein “You going to liberate us girls from male, white, corporate oppression?” Tell em like it is, Fear of a Female Planet Fear baby Let everybody know — Sonic Youth When […]
Read more...John Hussman is always worth reading, and his current missive is a hum-dinger. I’m extracting some key bits below, and urge you to read it in full. Note that Hussman is far from alone in chiding the Fed for encroaching on Constitutionally-mandated budget processes, including former central bankers. From Willem Buiter: As regards democratic accountability […]
Read more...Cambridgeshire park’s tumour tiger had armed escort BBC Canadian officials see through ‘unbelievable’ disguise BBC (hat tip reader John M). The Mounties always get their man! Statin use associated with increased risk of cataract, myopathy, liver dysfunction and acute renal failure with varying numbers needed to harm BMJ. This looks to be a decent study […]
Read more...Marshall Auerback, who lived in Japan during its early post bubble years, sent this e-mail: Today’s New York Times reports on how the Saudis warned the US about the planned parcel bomb attack emanating from Yemen. Buried in the story was this line: “The German magazine Der Spiegel told The New York Times it would […]
Read more...→ Washington’s Blog Even Alan Greenspan is confirming what William Black, James Galbraith, Joseph Stiglitz, George Akerlof and many other economists and financial experts have been saying for a long time: the economy cannot recover if fraud is not prosecuted and if the big banks know that government will bail them out every time they […]
Read more...A short film by Howard Hall (hat tip reader Sundog) The Blue Ocean in RED from Howard Hall on Vimeo.
Read more...European Wildlife Photographer of the Year 2010 BBC. I preferred the one with the deer and the cranes to the winner. Dead Coral Found Near Site of Oil Spill New York Times DNA Fingerprinting Traces Global Path of Plague Science Daily (hat tip reader John M) “An Open Letter to the President” Mark Thoma Rancour […]
Read more...We’ve been astonished at the continued poor reporting on the overhyped mortgage putback possible future action by Pimco, the Fed, Blackrock and others against Bank of America. Everyone seems so mesmerized by the names and the incorrect dollar size attached (the possible action relates to $47 billion of bonds, but the potential liability is much […]
Read more...The Fed’s announcement of $600 billion of intermediate and long Treasury purchase, informally dubbed QE2, teed off a peppy rally in stocks, and led to further weakening of the dollar. These trends were already well in motion thanks to the central bank’s winks and nods that it was going to embark on another round of […]
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