Iceland looks at ending boom and bust with radical money plan Independent. Important!
Ex-IMF president Rodrigo Rato arrested on criminal charges Politics in the Zeros
The pendulum swings The Economist. IMF World Economic Outlook: “A run of bad form for the world’s biggest economy.”
Crowding In and the Paradox of Thrift Paul Krugman, NYT
COUNTRY COMPARISON :: CURRENT ACCOUNT BALANCE The World Factbook (AJ).
Fed Is Expected to Shift on Muni Bonds WSJ. “In a change of heart, the Federal Reserve will allow big U.S. banks to use some municipal bonds to meet new rules aimed at ensuring they have enough cash during a financial-market meltdown.” I am not sufficiently wonky to tease out the implications of this news. Readers?
Rediscovering old economic models Coppola Comment
Brochures for lump-sum pension offers don’t tell all you need to know Reuters. Shocker!
The missing MtGox bitcoins Wizsec. “MtGox operated at fractional reserve for years.” Yves: “Prosecution futures.”
Jon Corzine Considers Launching Hedge Fund WSJ. Fitzgerald said “There are no second acts in American lives” but he was wrong. If you’re a C-suite executive on Wall Street, you get a second act, a third act, a fourth act….
Greek default necessary but Grexit is not Wolfgang Münchau, FT
How Bush Won the War in Iraq – Really! Greg Palast
Bernie Sanders ‘making sure’ of enough money to challenge Clinton Politico. Bernie’s the one who should travel by van!
EXCLUSIVE: Jeb Bush, Nigeria and the FBI – How a business deal soured Naples Daily News. Oppo researchers take note: What’s interesting about both this story, and the Times followup, is that neither mentions that the same company Jebbie was helping out, South Florida’s MWI Pumps, also “knowingly” installed “faulty pumps” in New Orleans, post-Hurricane Katrina. So Katrina was “working very well” for one Bush dynasty member, at least. It’s an ill wind…
Former Lehman Bros executive Kasich eyes 2016 and knocks Wall Street ‘greed’ Guardian. Of course, Jebbie worked for Lehman, too. One big happy!
Granny Get Your Gun NYT. Sheesh, Modo…
Quiet, please. Hillary’s running. Politico
Democratic Differences Slate. Compares U.S. to U.K. elections.
Clinton patches relations with liberals at campaign’s outset AP. Words are wind…
The Ghost of Cornel West The New Republic. I thought TNR was done with the hippie punching?
Rauner’s dangerous talk of Chicago schools bankruptcy Crains Chicago Business. I don’t understand. What could be “dangerous” about converting CPS entirely to charters?
Black Injustice Tipping Point
Big Brother Is Watching You Watch
“But you don’t love security enough so that you guide your life by it, Meg. … Security is a most seductive thing. I’ve come to the conclusion that it’s the greatest evil there is.
Big other: surveillance capitalism and the prospects of an information civilization (PDF) Journal of Information Technology. Creeps me out:
The institutionalizing practices and operational assumptions of Google Inc. are the primary lens for this analysis as they are rendered in two recent articles authored by Google Chief Economist Hal Varian. Varian asserts four uses that follow from computer-mediated transactions: ‘data extraction and analysis’, ‘new contractual forms due to better monitoring’, ‘personalization and customization,’ and ‘continuous experiments.’
“New contractual forms.” Hmm. Sounds intriguing.
FBI admits flaws in hair analysis over decades WaPo. “The cases include those of 32 defendants sentenced to death.”
Vulfpeck … the band who made $20,000 from their ‘silent’ Spotify album Guardian. Roll over, John Cage!
Plant this with that: The science and folklore of companion planting Bangor Daily News
A China Woodworking Story that is Barely Believable… Bridge City Tools
Productivity, Robots, China, Growth Global Economic Analysis
3 Questions on Killer Robots MIT Review
Data Is the New Middle Manager WSJ. The article is about startups. How many startups are industry, as opposed to business? Truly value-creating, as opposed to froth-driven manipulation? And how much of the supposedly flatter hierarchy is really just coded into the software, through, say, access privileges? “All [our employees] have access to the same data we have access to.” Really? I don’t believe that for a minute.
Payday at the mill Portland Press-Herald. How private equity firm Cate Street Capital preyed on people desperate to “save the mill” and looted the state of Maine, with the help of the Pierce Atwood Law firm and the rest of Maine’s political class, including leaders in both parties. Ka-ching.
Antidote du jour: