As a follow-up to my post on debt and it’s exclusion as a subject of merit amongst several schools of economic thought, I wanted to bring a New York Times article from 1988 to your attention. This article by Peter Kilborn, a Washington, D.C. based former correspondent for the New York Times, is timeless.
It...
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Beijing’s derivative default stance rattles banks | Reuters
Hat tip aitrader. A report that Chinese state-owned companies will be allowed to walk away from loss-making commodity derivative trades provoked anger and dismay among investment bankers on Monday as they feared it may set a damaging precedent.John McAfee’s New Mexico Land Auctioned for $1.15 Million –...
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The Irish government today announced that, if necessary, it is prepared to take majority shareholding in ailing Irish banks. However, it has ruled out full-scale nationalisation. But, what is a majority share by government except nationalisation?
This is a duplicitous parsing of words that hides a more sinister interpretation of what is happening in Ireland.
Here’s...
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// Unconscionable Math – Taunter Media
The math of denying health insurance retroactivelyThe scope — and dangers — of GE’s control of NBC and MSNBC –...
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// Today the July 2009 Manufacturing ISM Report On Business was released and the widely followed PMI Index came in ahead of expectations at 48.9. ...
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TweetMeme – Finance