Yearly Archives: 2010

Links 10/30/10

Experts say efforts to beat malaria may backfire BBC Herding Firesheep in New York City Technology Sufficiently Advanced Media bodies curb employees’ political activity Financial Times Astronauts: Asteroid threat calls for teamwork Associated Press (hat tip Dr. Pitchfork) In Quest for ‘Legal High,’ Chemists Outfox Law Wall Street Journal U.S. Says Genes Should Not Be […]

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Will State AGs in Shining Armor Slay the Bank Dragons?

Joe Nocera has a very hopeful piece at the New York Times on the potential scope and impact of the investigation by all 50 state attorneys general into the robo signing scandal. Nocera stresses that the leader of this effort, Tom Miller of Iowa, and a core group of assistant AGs with long standing working […]

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JP Morgan Chase Plays Fast and Dirty in Florida Loan Mod Waiver

I’ve harbored the sneaking suspicion that JP Morgan Chase is the worst behaved of the big US retail banks, based on a couple of experiences with them a bit more than two years ago. Not to bore readers with details, but basically, bank staff lied to me persistently regarding the terms of various products. Of […]

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US Faces Substantial Obstacles to Increasing Rare Earths Production

Reader James S. highlighted a useful article at the MIT Technology Review, “Can the U.S. Rare-Earth Industry Rebound?” Our only quibble to this solid piece is its summary, which underplays some critical aspects of the article: The U.S. has plenty of the metals that are critical to many green-energy technologies, but engineering and R&D expertise […]

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Ohio Attorney General Guts Bank “Just Submit New Affidavits” Plan

We have pointed out several times that banks were being awfully optimistic in assuming that they could simply replace improper “robo signed” affidavits with ones that were done correctly. The submission of a phony affidavit is a fraud on the court. The lawyers involved are subject to sanctions and judges could reject the filing, forcing […]

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Links 10/29/10

Flamingos use ‘make-up’ Telegraph Bat disease threatens ecological catastrophe Independent (hat tip reader May S) The psychopathic parrot who’s ruining my life (and it’s all my feather-brained children’s fault) Daily Mail (hat tip reader May S). This story is so peculiar it’s probably true. Verizon Wireless pays FCC $25M for years of false data charges […]

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China Drops Rare Earths Ban

Here’s the update, per the New York Times: The Chinese government on Thursday abruptly ended its unannounced export embargo on crucial rare earth minerals to the United States, Europe and Japan, four industry officials said. The embargo, which has raised trade tensions, ended as it had begun — with no official acknowledgment from Beijing, or […]

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Eurozone Worries Rising?

There are more news sightings that point to heightened worry about Eurozone sovereign debt/bank woes. A spate from Bloomberg this AM. Normally, when I can come close to doing one-stop shopping on relevant topics on Bloomberg, it’s a sign of anxiety. The first is “EU Bows to German Call for Permanent Debt Mechanism.” This piece […]

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Joe Costello: Democrats Are Running on Empty

By Joe Costello, communications director for Jerry Brown’s 1992 presidential campaign and was a senior adviser for Howard Dean’s effort in 2004 who writes at Archein and New Deal 2.0 Without meaningful reforms, our economy — and our politics — will continue to suffer. New York, New York big city of dreams And everything in […]

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“How to Destroy a Bank”

Your humble blogger is quoted at some length in this Playboy article (yes, article, remember the classic male wink and nod about buying Playboy for its articles) along with Bill Black. This piece was heralded in the New York Times. An excerpt: On the night of March 10, 2010 an other­wise anonymous American financial writer […]

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In Case You Had Any Doubts As To Who Is Really In Charge

From an alert reader: The United States of America in one short scene, from Politico: MILITARY OFFICERS TOUR JPMORGAN — JPMorgan Chase yesterday hosted about 30 active duty military officers (across all branches and agencies) from the Marine Corps War College in Quantico, Va. The officers met with senior executives, toured the trading floor and […]

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Obama No Longer Bothering to Lie Credibly: Claims Financial Crisis Cost Less Than S&L Crisis

I’m so offended by the latest Obama canard, that the financial crisis of 2007-2008 cost less than 1% of GDP, that I barely know where to begin. Not only does this Administration lie on a routine basis, it doesn’t even bother to tell credible lies. .And this one came directly from the top, not via […]

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Links 10/28/10

Bird Hunted to Near Extinction Due to Infuriating “Fuck You” Call The Onion (hat tip Cedric Regula) Chinese Supercomputer Wrests Title From U.S. New York Times Automation Insurance: Robots Are Replacing Middle Class Jobs Good Business (hat tip reader May S) Republicans Win House, Get No Mandate in Poll Favoring Clinton Bloomberg. I have a […]

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Mortgage Industry Defense is Flimsy, Congressional Oversight Panel Provides Counter-Evidence

Reader MBSGuy wrote to express his disgust with the mortgage industry’s efforts to pretend that nothing is rotten in Denmark. His object of contempt was an article in Bloomberg which dutifully recited the current talking points. The flacks have clearly been working full time: the headline, “Mortgage Industry Bristles at ‘Robin Hood’ Foreclosure Theories,” is […]

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Guest Post: Reappearance of Huge Plumes of Oil is Making It Hard to Pretend that the Problem Has Disappeared

→ Washington’s Blog There is a flood of information coming out on the Gulf oil spill. Why? The reappearance of huge plumes of oil is making it hard to pretend that it has all gone away. Here’s a roundup of some of the Gulf oil headlines from just the last 4 days: More Independent Scientists […]

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