Keep working ‘to avoid dementia’ BBC. I do observe that older people who continue working (as in they like their work) seem to stay sharper and happier (but which way does the causality run?) And the cynic in me wonders if stories like this are to help reconcile most people to the fact that they […]
Read more...There is a rather curious lead story up at the Financial Times website tonight. I’m generally a fan of the FT, but I am beginning to wonder if its standards are slipping. Headline: “Smaller US banks need additional $24bn” But what the story tells us is that “research conducted for the Financial Times” which was […]
Read more...I am in beautiful Vancouver Washington to speak at the Pacific Northwest Regional Economic Conference. My posts will be a bit light until I am back in New York (very late Tuesday, which effectively means Wednesday).
Read more...Submitted by Tyler Durden of Zero Hedge For readers who have the time and interest to follow up on the topic Zero Hedge commenced yesterday discussing money liquidity and the shadow banking system, the best place to start is with Friedrich Hayek’s seminal Prices and Production, published in the depression days of 1935. Curiously Hayek […]
Read more...Can You Die From Lack of Sleep? Slate James Lull, Ponzi Scammer, Drives Truck Off Cliff The Day Of His Sentencing Huffington Post Debunking The Notion Of Too Big To Fail Barry Ritholtz Japanese Housewives Back in the Game? Japan Economy Watch Europe in deepest recession since War as Germany suffers Telegraph (hat tip reader […]
Read more...William Black, in a lecture in Iceland, discusses how the role of fraud in the financial crisis has been virtually ignored when he contends it was a major factor, and is also overlooked in the regulation of financial institutions. He also argues that standard econometric models produces the worst possible when a financial bubble is […]
Read more...Readers are probably well aware that Chrysler and GM have started the process of closing dealerships. Chrysler is shedding 789 of its 3200 dealers, and GM is excising 2600 of its 6246, with 1100 notified last week. UBS estimates that the total job losses could reach 160,000, although some dealers may be able to operate […]
Read more...The Capital Markets, Insurance, and Government Sponsored Enterprises subcommittee of the House Financial Services committee held hearings on how the Federal government should oversee insurance, a timely question since we’ve discovered the Federal government is backstopping a state regulated activity. What is noteworthy about this session is that five experts were asked to opine on […]
Read more...Deserted Mexican hotels offer flu-free guarantees to lure visitors Financial Times Home of Slumdog Millionaire child actor destroyed by Mumbai authorities WSWS (hat tip reader Elaine) The Thirst For Risk Tyler Durden Economic Recovery Still Months Away: Roubini, Rogoff CNBC Ready, Shoot, Aim Menzie Chinn, Econbrowser The Worst Is Yet to Come Jesse Credit Card […]
Read more...Submitted by Leo Kolivakis, publisher of Pension Pulse. A past colleague of mine wrote an excellent article in the Montreal Gazette. Consultant Luc Vallée, the former chief economist at the Caisse de dépôt, thinks the system is still rigged: The end of April marked the first 100 days in office of U.S. President Barack Obama; […]
Read more...We asked readers to clue us in to when the media posted stories where the headline spun the underlying report. Remember, many people read only the headline of certain news items, and even if they read the entire article, it might not dispel the impression conveyed by the headline. Sighting of the day, from reader […]
Read more...The Columbia Journalism Review takes apart an interview by Adam Davidson of NPR’s Planet Money, which we linked to earlier this week and caused some consternation among readers who listened to the program. Davidson took a combative stance towards Warren, painted her as out to get the banking industry and out of step with mainstream […]
Read more...Submitted by Edward Harrison of the site Credit Writedowns. As with my most recent post here on Naked Capitalism about Larry Summers, I want to write a thought piece here, as much for discussion’s sake as for its analysis. Now, the core of what you are about to read is something I put together and […]
Read more...Submitted by Leo Kolivakis, publisher of Pension Pulse. BusinessWeek reports that former federal pensions chief faces criminal probe: The former head of the federal pension insurer inappropriately interfered in a contracting process that ultimately led to the hiring of Goldman Sachs (GS), JPMorgan Chase (JPM), and Blackrock to manage billions of dollars in assets and […]
Read more...Penguin kidnaps mortal enemy BBC Woman seeks love for randy emu ABC (hat tip reader Nivethan) Brain’s Problem-solving Function At Work When We Daydream Science News Obama The Debt Meister Falenblog BofA Urged by Regulators to Revamp Board of Directors Wall Street Journal Rail Traffic Data Belies Recovery Credit Bubble Stocks U.S. banking crisis may […]
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