Freshwater versus saltwater circa 1988
As a follow-up to my post on debt and it’s exclusion as a subject of merit amongst several schools of economic thought, I wanted to bring a New York Times article from 1988 to your attention. This article by Peter Kilborn, a Washington, D.C. based former correspondent for the New York Times, is timeless.
It [...]...
News from around the web: 2009-09-01
Beijing’s derivative default stance rattles banks | Reuters
Hat tip aitrader. A report that Chinese state-owned companies will be allowed to walk away from loss-making commodity derivative trades provoked anger and dismay among investment bankers on Monday as they feared it may set a damaging precedent.
John McAfee’s New Mexico Land Auctioned for $1.15 Million – NYTimes.com
The...
Government banking Irish edition
The Irish government today announced that, if necessary, it is prepared to take majority shareholding in ailing Irish banks. However, it has ruled out full-scale nationalisation. But, what is a majority share by government except nationalisation?
This is a duplicitous parsing of words that hides a more sinister interpretation of what is happening in Ireland.
Here’s what...
News from around the web: 2009-08-03
//
(function() {
var links = document.getElementsByTagName('a');
var query = '&';
for(var i = 0; i = 0) {
links[i].innerHTML = 'View Comments';
query += 'wpid' + i + '=' + encodeURIComponent(links[i].getAttribute('wpid')) + '&';
}
}
document.write('');
})();
// Unconscionable Math – Taunter Media
The math of denying health insurance retroactivelyThe scope — and dangers — of GE’s control of NBC and MSNBC – Glenn...
ISM shows manufacturing sector close to recovery
//
(function() {
var links = document.getElementsByTagName('a');
var query = '&';
for(var i = 0; i = 0) {
links[i].innerHTML = 'View Comments';
query += 'wpid' + i + '=' + encodeURIComponent(links[i].getAttribute('wpid')) + '&';
}
}
document.write('');
})();
// Today the July 2009 Manufacturing ISM Report On Business was released and the widely followed PMI Index came in ahead of expectations at 48.9. Any...
