Links Christmas Eve

Dear readers,

In keeping with this being a slow news period and your humble blogger being in need for some R&R, posts will be less frequent through Jan 2.


Jon Stacey

New York Times

Bloomberg. I’m of two minds about these year end retrospectives.

Christopher Caldwell, Financial Times


USA Today

Credit Writedowns

Greg Palast

Financial Times

Associated Press (hat tip Buzz Potamkin)

Swampland. As Buzz Potamkin writes, “More PR.” There is surprisingly little new news in this piece.



Michael Hirsh

New York Times (hat tip reader Hecht)

Roger Erickson, Global Economic Intersection

Antidote du jour:

And a bonus, courtesy reader furzy mouse:

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  1. Max424

    ys: “I’m of two minds about these year end retrospectives…”

    I’m of one mind, not because I hate year end retrospectives (in fact, I’ll miss interesting top ten lists), but because I’ve decided to no longer think in terms of years.

    Like the late, great, by-gone peoples of the steppe, I think now, in terms of seasons. For instance, the inner-romantic-in-me took over my thought process recently, and it occurred, that 37 seasons* are gone since I last fell in love.

    *At least. Who am I kidding?

  2. tom allen

    I like that the “new particle” (another excited chi resonance) consists of a beauty quark and a beauty antiquark bound together and was discovered in part by Professor Paul Newman. :-P

  3. john

    The Bank Around the Corner is a must read. Good to know these types of businesses still exist. I may look into opening an account from halfway across the country.

    1. Oh come on. Every bank and even every credit union is a counterfeiter. So what if a crook is generous on occasion?

      No longer will the fool be called noble,
      Or the rogue be spoken of as generous.
      For a fool speaks nonsense,
      And his heart inclines toward wickedness:
      To practice ungodliness and to speak error against the LORD,
      To keep the hungry person unsatisfied
      And to withhold drink from the thirsty.
      Isaiah 32:5-6 New American Standard Bible (NASB)

      1. glassline

        A counterfitter in what sense? Why is money created by entity x more real than money created by entity y? It seems like money is just part of the law of the land, a complicated social construct. As is property.

    1. Doug Terpstra

      Indeed, otherwise some fringe conspiracy nuts might suspect that there’s a connection, however tenuous, between Corzine as an generous investor in Obama, Inc and the fact that he’s still walking free. This will surely put that absurd notion to rest.

  4. Will

    Logging in with a touch:

    Our kid’s dentist uses such a system. I refuse to allow the girl to use it. Why? Because once that fingerprint is digitized I have no idea where it is sent, who retains it and how it will be used. We’ll keep using passwords, thank you. Our bodies are not something we should allow to be commercialized and used by others.

  5. Jim3981

    From the CIA and NYPD story…

    “A CIA officer also directed intelligence collection and reviewed reports, according to former NYPD officials involved.”

    oh yeah. The worlds largest drug dealer (the CIA) directed the intelligence collection. Sure they helped bring down building number 7 too.

    Get your bumper sticker here to get the word out. Acutally get the smaller sticker or tee shirt, the bumper sticker is too large.

  6. Susan the other

    Roger Erickson’s Market Amoebas . Human economic-accounting systems are totally synthetic. But they all have a mandate and that is to make an economy work. When they cease to function accordingly they are by definition useless. I’m all for us making our own adenosine phosphate. Why should we borrow it back from the 1% of amoebas who step in and appropriate it before we can even use it?

  7. Bill

    Palast is not very acculturated.

    For example, this Renaissance picture shows the true meaning of Christmas.

    Question, who is the artist and what’s wrong with the picture?

  8. barrisj

    Xmas Eve menu chez nous: Langoustine/spinach/mushroom risotto done with house-made lobster stock…served with a crisp Chablis…Cheers to all!

  9. 2laneIA

    Merry Christmas Yves. Thanks for maintaining this wonderful source of information and inspiration. I hope the new year finds you prosperous and the banksters incarcerated.


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