naked capitalism

Links 7/31/10

July 30, 2010
By Yves Smith
Links 7/31/10

Major jet lag attack….a face plant is in order. Chernobyl zone shows decline in biodiversity BBC Reality TV, cosmetic surgery linked, researcher says PhysOrg The We-Could-Go-Either-Way-On-Defamation League Weighs In FireDogLake BP Defines Deviancy Down Columbia Journalism Review Anatomy of Lehman’s Failure, and the Importance of Liquidity Requirements Economics of Contempt (hat tip Richard Smith and Don B) Lunch with the...
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Summer Rerun: Debunking the Notion that Unions Hurt Productivity

July 30, 2010
By Yves Smith
Summer Rerun: Debunking the Notion that Unions Hurt Productivity

This post first appeared on June 23, 2007 A neat little analysis by Ross Eisenbrey at the Economic Policy Institute may be difficult for union foes to explain away. It shows the proportion of workers covered by collective bargaining agreements in major European countries and the US and then shows productivity growth country by country...
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Should We Buy Fed’s Reports of Gains on AIG Bailout Vehicles?

July 30, 2010
By Yves Smith

Readers may recall that the Federal Reserve created three vehicles to hold dodgy assets it obtained via the Bear and AIG bailouts, namely Maiden Lane (for Bear), Maiden Lane II (for AIG residential mortgage backed securities) and Maiden Lane III (for CDOs the Fed bought as part of taking out AIG credit default swap...
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Federal Government Covering Up Severity of Gulf Oil Spill?

July 30, 2010
By Yves Smith

It looks as if Team Obama has reverted to form. In a repeat of its perfromance post the financial crisis, it appears to believe that no problem cannot be solved by PR, which puts it in league with the perps. Hat tip Glenn Stehle:
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Links 7/30/10

July 30, 2010
By Yves Smith
Links 7/30/10

Andrew Bacevich, Giving Up On Victory, Not War Tom Englehart Grantham: Everything You Need to Know About Global Warming in 5 Minutes Barry Ritholtz (hat tip reader Francois T) Gulf of Mexico Has Long Been a Sink of Pollution New York Times. Mirabile dictu! The Times discovers that the Gulf has dead zones! The CIA and WMDs:...
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UK’s FSA to Restrain Pay of Hedge Fund and Investment Managers

July 30, 2010
By Yves Smith

Why oh why is it that the US media treats financial services compensation levels as a third rail issue? Rent extraction was the driver of the financial crisis, and the financial services sector made it clear in 2009, by paying itself record bonuses on the heels of being saved from certain death, that...
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The Wages of Sin: Former Citi Execs Pay Token Fines for Lying to Investors

July 29, 2010
By Yves Smith
The Wages of Sin: Former Citi Execs Pay Token Fines for Lying to Investors

A news story today provides further confirmation of the rule by the banking classes in the US, with only token gestures to the rule of law. Per Bloomberg (hat tip Tom Adams), Citigroup is ponying up $75 million to settle SEC charges that the giant bank was not sufficiently forthcoming in the runup to...
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Summer Vacation Report

July 29, 2010
By Yves Smith

Your humble blogger is back and very much behind the eight ball (relative still in town, a missed flight followed by cancellation of the rebooked departure, which means I have competing demands on top of more acute phase of my chronic behind-the-eight-ballness). So while I will endeavor to provide roughly the normal number of...
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Links 7/29/10

July 29, 2010
By Edward Harrison
Links 7/29/10

This is my last links post at Naked Capitalism. I want to thank you all for being patient and open-minded over the past two weeks. It is always a pleasure to read your comments as they are an integral part of the experience on Yves’ site. I also appreciate the links and Antidotes you...
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Normal service is resumed

July 29, 2010
By Richard Smith

Probably one more set of links to come from Ed, but I think that’s it from me. Unless Yves has once again  succumbed to the lure of Water Eaton, on the way back home to the States. Special thanks to Ed, Tom, John Bougearel, Francois T, Bob G, Mike G, Scott F, MA, anonymous, dd, ...
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