Monthly Archives: May 2010

Links 5/31/10

Ghost hunters: On the trail of a ‘living fossil’ BBC Dachshund U.N. – a sign of hope for dogs and mankind Culture Mulcher (hat tip reader Crocodile Chuck) Radioactive fish near nuclear plant said ordinary Washington Post (hat tip reader MindTheGAAP) BP facing multimillion-dollar legal claim from British pension fund Guardian Trust your senses Gulf […]

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Economist Declares “Mission Accomplished” on Repairing Bank Balance Sheets

Reader Richard Smith provided a sighting of bank boosterism, courtesy The Economist: The happy secret of Western banking is that the system in aggregate now has lots of capital (see chart) relative to the net losses experienced over the crisis. The kind of erosion of capital forecast by the Federal Reserve’s stress tests last year, […]

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The EU and the Limits of the Austerity Hairshirt

As previous posts on this blog have discussed, trying simultaneously to shrink total private sector debt levels and government debt levels at the same time, absent very aggressive currency depreciation or other measures to increase net exports, is likely to result in a fall in GDP and deflation. Ironically, that means overly aggressive measures to […]

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Links 5/30/10

Horned dinosaurs ‘island-hopped’ from Asia to Europe BBC How to sue your tech vendor — and win InfoWorld “It’s BP’s Oil” Mother Jones (hat tip reader Francois T). From last week, but still relevant Gulf oil well disaster could mean explosive profits for HalliburtonKansas City Examiner (hat tip reader John D) Documents Show Early Worries […]

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It’s Official: Gulf “Top Kill” Fails

From the Washington Post, as foretold earlier by George Washington: BP Chief Operating Officer Doug Suttles said the company determined the “top kill” method had failed after studying it for three days. The method involved pumping heavy drilling mud into a crippled well 5,000 feet underwater. “We have not been able to stop the flow,” […]

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Links 5/29/10

San Jose union begins organizing pot workers SF Gate (hat tip reader John D) Out-of-office reply: got the message? Tyler Brûlé, Financial Times. I suspect quite a few readers will take issue with this. And Brûlé also ignores the fact that there are places short of outer Siberia where there really is no cell phone […]

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When Will Europe Have Its Wile E. Coyote Moment?

During the crisis of 2007-2008, there was fair bit of discussion of the so-called Minsky Moment, when an economy that has built a house of cards of speculation and over-leveraged “Ponzi units” (creditors that could never make good on their commitments, and are viable only by finding new suckers to give them new debt to […]

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Attacking Science to Defend Beliefs

One of the odd things I observe is the way some posts or issues regularly elicit heated reactions. For instance, early in the days of euro wobbliness, some readers in Europe would go a bit off the deep end at the suggestion that the Eurozone has serious structural weaknesses. It wasn’t so much that these […]

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Links 5/28/10

Snails yield drug addiction clue BBC New proposal would require identification to buy prepaid cellphones Washington Post BREAKING: If Top Kill Doesn’t Work, U.S. Navy To Take Over Spill The Hayride (hat tip Oil Drum) Safety Rules Can’t Keep Up With Biotech Industry New York Times Falling sales dampen recovery hopes Times Online Warren Buffett […]

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“Are workers motivated by the greater good?”

By Mirco Tonin and Michael Vlassopoulos, lecturers in economics at the University of Southampton; cross posted from VoxEU Aside by Yves; I have very mixed feelings about publishing this article. First, any study that reaches men v. women generalizations has to be viewed with a lot of skepticism. For groups as large as men and […]

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Guest Post: “Top Kill” Has Failed

→ Washington’s Blog Here’s the scoop: BP’s attempt to stop the oil spill using the “Top Kill” method has failed. How do I know? Well, as the New York Times notes: BP officials, who along with government officials created the impression early in the day that the strategy was working, disclosed later that they had […]

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Links 5/27/10

Hubble spots a planet-eating star BBC Second Iceland volcano could erupt in near future: experts PhysOrg Apple is world’s biggest tech company by value Financial Times BP Used Riskier Method to Seal Oil Well Before Blast New York Times BP Deepwater Horizon operations were six weeks behind schedule, documents say NOLA Unusual Decisions Set Stage […]

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