Various updates on the possible drivers of the GMAC announcement suspending its foreclosures in 23 states. Max Gardner, a North Carolina bankruptcy attorney who is held in high esteem and is playing a leading role in legal efforts against foreclosure fraud, provided this comment on our earlier post on the GMAC bombshell: I believe this […]
Read more...In one trial I’m familiar with, but not one of these 23 states listed, the GMAC guy was on the stand twice, and the second time, it was pretty clearly established that he had perjured himself in his initial testimony. But I doubt the mother ship took note of that trial (no verdict rendered yet). […]
Read more...Stone tools ‘change migration story BBC The Quadrotor Drone Learns Several Terrifying New Tricks Gizmodo Ghostwriters in the sky Bad Science Scientists Decode Genomes of Precocious Fruit Flies ScienceDaily. Reader John M notes “Evolution is more complicated than you thought.” Outside Edge: When pigs flew and bears fled Jurek Martin, Financial Times (hat tip reader […]
Read more...By Mike Konczal, a Roosevelt Institute fellow who posts at New Deal 2.0 Arjun Jayadev and I have another working paper out of Roosevelt Institute, this time focusing on the labor market in the current recession. The paper is: The Stagnating Labor Market (pdf). I hope you check it out; I’m going to talk about […]
Read more...The birth of modern propaganda took place in World War I, where an extraordinarily well orchestrated campaign turned America from pacifist to ferociously anti-German in a mere eighteen months. When after the war, the public learned that its beliefs had been turned without their realizing it, some of the key actors. such as Eddie Bernays […]
Read more...While this is a tad wide of our usual focus, the outcome of the November midterms has the potential to have significant economic implications. I ran into an old colleague, an investor and sufficiently serious Republican donor to have gotten invited to both Bush inaugurations. Surprisingly, he was not keen at all about the prospect […]
Read more...→ Washington’s Blog (Videos embedded at Washington’s Blog) As shown by the following videos, BP and government representatives are still keeping scientists and reporters away from areas impacted by oil. WEAR ABC news documented yesterday that federal agents are preventing reporters from digging in the sand to look for oil: Award-winning investigative reporter Dahr Jamail […]
Read more...As a tiny island nation makes a big sacrifice, will the rest of the world follow suit? Mongabay 19 Turkeys in My Yard. Somebody Call Michael Pollan! Brad DeLong. Gee, I was really pleased when I saw five turkeys in Maine (big suckers, at very close range too). Exercise Has Minor Effect On Weight Loss, […]
Read more...It is increasingly evident that the appointment of Elizabeth Warren to act as special advisor to the President and Treasury for the newly-established Consumer Financial Protection Agency has everything to do with Obama trying to shore up his questionable credentials as a reformer and perilous little with helping ordinary citizens. So the only question that […]
Read more...→ Washington’s Blog Everyone knows that the American consumer is deleveraging … living more frugally, and paying down debt. Right? Well, actually, as CNBC’s Diana Olick pointed out in April, many consumers are stopping their mortgage payments, and then blowing the money they would usually pay towards their mortgage on luxuries: I opened up a […]
Read more...Rare antelope-like mammal caught in Asia BBC Paul Virilio Vice Magazine (hat tip reader Sundog). An interview with the theorist of disaster. Boeing gets $89M to build unmanned aircraft that can stay aloft for 5 years Network World HRP-4 YouTube (hat tip reader Sundog) Dinesh D’Souza Digs Himself in Deeper: Some more criticism of Forbes’s […]
Read more...Another ticking time bomb in the realm of real estate bad behavior is bound to go off sooner rather than later, and it is likely to impede normalization of values of residential property. As readers no doubt know, there is a lot of actual and shadow residential real estate inventory in the US. The time […]
Read more...A New York Times report tonight sheds some light on the debate on whether ending tax cuts for the top 2%, which is how Obama proposes to deal with the pending expiration of Bush tax cuts, will, as low tax stalwarts contend, hurt small businesses. Although my sample is anecdotal, it strongly says not, and […]
Read more...I probably should have a default photo for this sort of post, like me in a headset looking intent. But till then, you will have to be content with a mere link to this interview with Susan Lee. The focus was ECONNED, in particular, the failings of mainstream economics. Enjoy!
Read more...The London sponsored bike hire scheme provides an ongoing media opportunity for one of the UK’s less well liked banks. Not everyone thinks the PR should go unchallenged. Shot in Smithfield yesterday, hat tip Richard Smith:
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