I’ll will be on WBAI-FM today (Pacifica Radio) with Susan Lee from 10:30 to 11:00 AM EDT today. You can listen to the live stream at http://stream.wbai.org/ As a result of my breaking my Linda Evangelista rule (and having two TV gigs yesterday and getting some mixed factual readings on a post underway), I’m a […]
Read more...I received this query from someone we will call AK via e-mail: Was wondering if you might be help with a mental exercise I’ve been toying with the last few weeks pertaining to the roll of timeframe of consequences, and whether we will be hit with a shock or slow-burn when gravity finally kicks in. […]
Read more...→ Washington’s Blog (Videos embedded at Washington’s Blog) BP and the government decided that millions of gallons of dispersants should be dumped into the Gulf to sink and hide the oil. They succeeded in sinking it. As ABC, CBS and NPR note, huge quantities of oil are blanketing the ocean floor, killing virtually all of […]
Read more...My end of this little segment was shot at Nasdaq, and I’ve been at that location a few times (although they have quite a few little booths at Nasdaq for this sort of thing). And one point in the show, I leaned forward in the chair….and the chair gave out beneath me! I didn’t check […]
Read more...Falling in love costs you friends BBC Young, male, testosterone-fuelled CEOs more likely to start or drop deals University of British Columbia Most common ‘moderate’ activity in US? Preparing a meal PhysOrg Travelling through China with the Universal Travel Group: fly from Beijing to Yichang – pick up your tickets at Shenzhen airport! John Hempton […]
Read more...We have the specter of Greece’s finance minister insisting really, no really, it will never never default, or default via restructuring. Now given the unfortunate accident of timing, these protests sound awfully Dick Fuld like, although the better parallel is probably Mexico, which kept insisting in 1994, no way, no how would it need to […]
Read more...Let’s see….early in the days of this Administration, Treasury Secretary Geithner said some pretty critical things about China. The Chinese threw a big temper tantrum and Geithner backed down. He had tended to try to play down tensions with China over its mercantilist policies (the most important being pegging its currency at an artificially low […]
Read more...The body language of the Administration has been clear from the outset on the question of whether Elizabeth Warren would get its nomination to head of the new financial services consumer protection agency. Despite the occasional public remark regarding her undeniable competence, which really amounted to damning her with faint praise, Team Obama has never […]
Read more...Price set for tiger conservation BBC Massive fish kill reported in Louisiana Yahoo News (hat tip reader John M) Why ‘Scientific Consensus’ Fails to Persuade ScienceDaily (hat tip reader John M) Ultimate Privacy: How to Disappear, Erase Digital Footprints & Vanish Without a Trace Network World Is This America? Nicholas Kristof, New York Times (hat […]
Read more...It may seem perverse to use a particularly strong piece by Martin Wolf of the Financial Times, who even on his rare less than stellar days is reasoned and readable, to illustrate a deep rooted problem even for critical thinkers in the mainstream media, namely, that certain ways of framing issues are simply off limits. […]
Read more...Yves here. I’m a fan of Tim’s work on the Fed beat, and consider this post on the implications of the announcement tonight of Japan’s intervention to lower the value of the yen to be particularly important. By Tim Duy, the Director of Undergraduate Studies of the Department of Economics at the University of Oregon […]
Read more...By Marshall Auerback, a portfolio analyst, hedge fund manager, and Roosevelt Institute fellow There’s a good reason why the Troubled Asset Relief Program (aka “TARP”) is “a success none dare mention”, to use the title of Ben Smith’s latest post at Politico. Put simply, it’s not a success. Calling the TARP a success is like […]
Read more...This blog tends to steer away from short-term market commentary because, as the wags say, “If you must forecast, forecast often,” and keeping tabs on the whims of Mr. Market can easily become an exercise in futility. Getting a sense of conditions on the ground and likely business/economic trajectories is a fraught activity even in […]
Read more...Scientists investigate massive walrus haul-out in Alaska Guardian (hat tip reader John M) Robot Invasion Welcomed in Japan New York Times Crims use hacked email to steal house ZDNet How Much Corn Ethanol is the U.S. Exporting and Why? Big Picture Agriculture House prices slide as banks reject first-time buyers Independent Economic Nonsense Infects […]
Read more...In case you lost track of this sorry affair, AIG, the biggest ward of the state in human history, continues to get the kid glove treatment. The IMF, doing the dirty work of the Washington Consensus, has repeatedly imposed far more pain on over-indebted countries than US government on the failed insurer. AIG originally agreed […]
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