Floating rubbish dump ‘bigger than US’ News.com.au (hat tip reader Nivethan). It is also breaking down and getting into the food chain.
Hidden Bonuses Enrich Government Contractors at Taxpayer Cost Bloomberg. Bonuses for non-performance are endemic in America (hat tip reader Larry)
Vive la Révolution! Pension Pulse
Stimulus Pork Econospeak
Global Worries Over U.S. Stimulus Spending New York Times
Steep drop in world wheat crop forecast Financial Times
The Game Changer George Soros, Financial Times (hat tip reader Don). A very good piece, particularly his discussion of credit default swaps and why he thinks they are toxic and should be severely limited.
So, when does the contrition start? Larry Elliot, Guardian. Apparently, it hasn’t at Davos.
The tenuous relationship of venture capital and innovation Masayuki Hirukawa and Masako Ueda, VoxEU
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