Thanks to all readers of Naked Capitalism for your interest and support. Wishing you all happiness, health and prosperity in 2011!
New Year’s Eve Fireworks Sydney Morning Herald (hat tip Crocodile Chuck). Trust me, ringing in the new year is more fun down under, with some exceptions this year: 200,000 displaced in Australia floods Raw Story
From the Pentagon to the private sector Boston Globe (hat tip reader Michael I)
Cuts, leaks and atom smashing Financial Times
Families £3,000 worse off Telegraph
Democracy’s failures, 2010 Guardian (hat tip reader May S)
Career Shift Often Means Drop in Living Standards New York Times. Duh. This is why otherwise smart and honorable people do stupid and sometimes dishonest stuff at the behest of their bosses: they suspect they’s to do similar stuff pretty much anywhere else in their field of work, and jumping to a new field entails a big step down.
Does Recovery Mean New Jobs at Lower Pay? Mark Thoma
Ron Paul Does Not Like Elizabeth Warren Or The New Consumer Protection Agency (VIDEO) Daily Bail (hat tip reader Natalie). His criticisms are of a caricature of Warren and the agency.
Strong Finish Gives Paulson Fund Winning Year New York Times. Dictation masquerading as news. The S&P 500 was up 13%, Paulson was up 14%. The normal target for a hedge fund is 20% or more to justify the fees. Paulson’s investors would have done better in a index fund at Vanguard.
Housing Pain Pits Neighbor Against Neighbor in Florida Wall Street Journal
Which of These Banks Was 2010’s Most Shameless Corporate Outlaw? Huffington Post (hat tip Lisa Epstein)
Academic Economists to Consider Ethics Code New York Times
How a Different America Responded to the Great Depression Pew Research (hat tip reader James S)
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