When Lambert sent me the link to a New Republic article, “The Onion Has Become America’s Finest Marxist News Source,” I first assumed that TNR was engaging in a bit of humorous flattery, as in taking a page from The Onion’s own book in highlighting its success. But on further inspection, I could be wrong. Readers, please help!
Read more...Yves here. This has been such a busy week that I’ve been remiss about commenting on how Dimon’s board rewarded him despite the London Whale fiasco and the revelation of pervasive regulatory abuses. Clearly, they thought he bought the bank’s way out of trouble on the cheap, disproving the wailing in the financial firm toadying media that the Morgan bank had been ill-treated by the Administration.
Read more...Today is the day when bloggers are asked to promote less-well-trafficked sites they like.
Read more...Here’s the scoop: When it comes to climate change, there is no “story,” not in the normal news sense anyway.
Read more...You know it’s bad when Bloomberg’s editors attack the banks’ win against regulators, in this case, their success in watering down already-too-generous Basel III capital requirements. And they look primed to score a twofer on pending rulemaking on trading in physical commodities.
Read more...Yves here. Wikipedia has become widely accepted as a highly credible source (I use it and even contributed in their recent funding appeal). It’s therefore important to know its limits and how they arise. Unfortunately, it appears, like most information sources, that it is subject to pressure, in this case, as Bob Goodwin contends, the medical-industrial complex.
Read more...What do you flag as the standout events of 2013 and why?
Read more...Reader dSquib flagged a “bizarre” article by Mike Konczal in the New Republic titled, “Corporatism” is the Latest Hysterical Right-Wing Accusation: The secret history of a smear.” dSquib seemed quite perplexed that anyone would deem calling Obama a corporatist, which as we’ll demonstrate is patently true, a smear.
Read more...It may seem a bit de trop to take on a Paul Krugman blog post yet again, but the reason for focusing on his post yesterday on the TransPacific Partnership is less for its substance and more as a political zeitgeist indicator.
Read more...A dubious FX trading software operation closes down in New Zealand and sets up shop in Ireland.
Read more...The New York Times has an instructive account, Inside the Race to Rescue a Health Care Site, and Obama, of the scrambling in the Administration to deal with the beyond-redeption-by-the-power-of-spin disaster of the Healthcare.gov launch.
Read more...CNI (UK)’s confusing attitude to its connections with Carbon Neutral Investments, service provider to carbon scams
Read more...Yves here. I’m pretty sure I’m not alone in hoping for the best from the new journalistic venture funded by eBay billionaire Pierre Omidyar that Glenn Greenwald and Laura Poitras, among others, have joined with much fanfare. But the fact that one wishes them well should not blind observers to the possible large flies in the ointment.
Read more...The “enrollment” numbers for the Healthcare.gov website, even using the Administration’s Orwellian definition of “enrolled” was barely above half of the scary bad number published as a rumor by the Wall Street Journal earlier this week.. Generous application of porcine maquillage followed.
Read more...Carbon credit clearer Gemmax Solutions admits that it can’t clear carbon credits, and hasn’t been able to, for nearly a year.
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