Monthly Archives: October 2010

Guest Post: Washington Post Idiocy: Calls for War With Iran to Save America’s Economy

→ Washington’s Blog As many writers have documented, the corporate media is usually pro-war. See this. And so Washington Post hack David Broder’s op-ed arguing that war with Iran will save America’s economy is not all that surprising. Of course, China and Russia might not sit idly by and let their ally, Iran, be attacked. […]

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Links Halloween

Europe targets wasteful gadgets BBC Can Google call elections? TechBlorge (hat tip reader David C) ‘The middle class has lost track of how poor this country is’ Tehelka Magazine (hat tip reader May S) Old Foes Square Off Over Issue of Puppies New York Times. I must confess my first cat came from a pet […]

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Our New York Times Op-Ed: How the Banks Put the Economy Underwater

Several regular readers were kind enough to send congratulatory e-mails on our New York Times op-ed, which appears in the Sunday edition. I hope you enjoy it. The text follows: In Congressional hearings last week, Obama administration officials acknowledged that uncertainty over foreclosures could delay the recovery of the housing market. The implications for the […]

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“Protest works. Just look at the proof”

It’s astonishing to see how Americans have been conditioned to think that political action and engagement is futile. I’m old enough to have witnessed the reverse, how activism in the 1960s produced significant advances in civil rights blacks and women, and eventually led the US to exit the Vietnam War. I’m reminded of this sense […]

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Links 10/30/10

Experts say efforts to beat malaria may backfire BBC Herding Firesheep in New York City Technology Sufficiently Advanced Media bodies curb employees’ political activity Financial Times Astronauts: Asteroid threat calls for teamwork Associated Press (hat tip Dr. Pitchfork) In Quest for ‘Legal High,’ Chemists Outfox Law Wall Street Journal U.S. Says Genes Should Not Be […]

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Will State AGs in Shining Armor Slay the Bank Dragons?

Joe Nocera has a very hopeful piece at the New York Times on the potential scope and impact of the investigation by all 50 state attorneys general into the robo signing scandal. Nocera stresses that the leader of this effort, Tom Miller of Iowa, and a core group of assistant AGs with long standing working […]

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JP Morgan Chase Plays Fast and Dirty in Florida Loan Mod Waiver

I’ve harbored the sneaking suspicion that JP Morgan Chase is the worst behaved of the big US retail banks, based on a couple of experiences with them a bit more than two years ago. Not to bore readers with details, but basically, bank staff lied to me persistently regarding the terms of various products. Of […]

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US Faces Substantial Obstacles to Increasing Rare Earths Production

Reader James S. highlighted a useful article at the MIT Technology Review, “Can the U.S. Rare-Earth Industry Rebound?” Our only quibble to this solid piece is its summary, which underplays some critical aspects of the article: The U.S. has plenty of the metals that are critical to many green-energy technologies, but engineering and R&D expertise […]

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Ohio Attorney General Guts Bank “Just Submit New Affidavits” Plan

We have pointed out several times that banks were being awfully optimistic in assuming that they could simply replace improper “robo signed” affidavits with ones that were done correctly. The submission of a phony affidavit is a fraud on the court. The lawyers involved are subject to sanctions and judges could reject the filing, forcing […]

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Links 10/29/10

Flamingos use ‘make-up’ Telegraph Bat disease threatens ecological catastrophe Independent (hat tip reader May S) The psychopathic parrot who’s ruining my life (and it’s all my feather-brained children’s fault) Daily Mail (hat tip reader May S). This story is so peculiar it’s probably true. Verizon Wireless pays FCC $25M for years of false data charges […]

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China Drops Rare Earths Ban

Here’s the update, per the New York Times: The Chinese government on Thursday abruptly ended its unannounced export embargo on crucial rare earth minerals to the United States, Europe and Japan, four industry officials said. The embargo, which has raised trade tensions, ended as it had begun — with no official acknowledgment from Beijing, or […]

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Eurozone Worries Rising?

There are more news sightings that point to heightened worry about Eurozone sovereign debt/bank woes. A spate from Bloomberg this AM. Normally, when I can come close to doing one-stop shopping on relevant topics on Bloomberg, it’s a sign of anxiety. The first is “EU Bows to German Call for Permanent Debt Mechanism.” This piece […]

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Joe Costello: Democrats Are Running on Empty

By Joe Costello, communications director for Jerry Brown’s 1992 presidential campaign and was a senior adviser for Howard Dean’s effort in 2004 who writes at Archein and New Deal 2.0 Without meaningful reforms, our economy — and our politics — will continue to suffer. New York, New York big city of dreams And everything in […]

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“How to Destroy a Bank”

Your humble blogger is quoted at some length in this Playboy article (yes, article, remember the classic male wink and nod about buying Playboy for its articles) along with Bill Black. This piece was heralded in the New York Times. An excerpt: On the night of March 10, 2010 an other­wise anonymous American financial writer […]

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In Case You Had Any Doubts As To Who Is Really In Charge

From an alert reader: The United States of America in one short scene, from Politico: MILITARY OFFICERS TOUR JPMORGAN — JPMorgan Chase yesterday hosted about 30 active duty military officers (across all branches and agencies) from the Marine Corps War College in Quantico, Va. The officers met with senior executives, toured the trading floor and […]

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