July, 2011 // Posts published in July, 2011
Geneticist tells the BBC: don’t give climate “denialists” so much air-time
Prof Steve Jones lecturing at the Telegraph Hay Festival Photo: CLARA MOLDEN Steve Jones tells the BBC: don’t give climate “denialists” so much air-time In his report for the BBC Trust, Steve Jones actually attacks the BBC for having too … Continue reading →
18th Century Lessons for Today’s Debt Ceiling Crisis
Same old, same old? I couldn’t help but identify similarities and connect some dots between this 18th century essay, published in the 1766 January 23 edition of THE PENNSYLVANIA JOURNAL, at the height of Stamp Act resistance and the beginning of the American Revolution, to today’s debt ceiling/default crisis. Perhaps this 18th century newspaper article ...
Housing’s Next Leg Down And QE3
That US home prices are once again trending down is no secret. But just how bad things are likely to get is not yet well understood. Consider this from the Atlantic’s Daniel Indiviglio: Chart of the Day: The Housing Market Is Worse Than You Think Has the state of the housing market gotten better or ...
Inflection Points And Ruined Vacations
With the exception of a couple of memorable days in 1987, July is generally not a cruel month. Just the opposite; it’s when finance and government people take off, safe in the knowledge that nothing much will happen while they’re away from their desks. This July, though, has ruined a lot of vacations by hosting ...
Developing World Developing Bubbles
It’s a very thin reed, but some economists and money managers are clinging to the hope that the developing world, having avoided the disastrous borrowing binge of the US, Europe, and Japan, will be the engine of growth in the coming decade. China’s reserves and Brazil’s natural resources, so goes this reasoning, will stabilize an ...
We Give Up!
The idea that there were pain-free solutions to the mountain of debt the world has taken on was always a delusion. But it was one that the leaders of the US and Europe in particular have clung to ferociously. Until now. In just the past few days they’ve all, it seems, been forced to recognize ...
Gold Doesn’t Care About The Stock Market
Once upon a time, gold and stocks were thought to be inversely correlated. That is, when the market went up, gold would go down, and when the market was down, gold would go up as investors abandoned risky assets for the safety of sound money. Put another way, stocks were for “normal” times and gold ...
After Greece, Portugal
Now that Greece has been kicked down the road, it’s time for the other PIIGS countries to start lining up for similar deals. Portugal looks to be next, after its most recent deficit report: Portugal’s 1Q Budget Deficit Higher Than Expected LISBON (Dow Jones)–Portugal’s budget deficit for the first quarter of the year came in ...
The Example of Rex Smith’s Confusion
2011 July 3 Sunday 02:13 CST No more succinct example is required of the confused political thought process afflicting the U.S. than the eye-blinking Valley Girl like benightedness of Times Union Editor Rex Smith, who opens an article entitled “1776′s lesson in governing” extolling: “…the Founding Fathers’ foresight in setting this country free to form ...
Meanwhile, in the Land of the Golden Gopher…
The Minnesota state government has been shut down, and the consequences are potentially devastating to the average Minnesotan who (according to this article in the Minneapolis Star Tribune) can no longer check a state web site to verify whether his barber has a valid license to practice. The horror! Of course, the primary focus in the media coverage is on the inconvenience and uncertainty a government shutdown foists upon public-sector workers: Throughout a long day of negotiations Thursday, anxiety was palpable across the Capitol. Legislators coming to the building were greeted by hundreds of union protesters, urging the two sides ... Related posts:
Banner Exchange
Copyright © 2013 - iiAPmedia - All rights reserved. Conforms to W3C Standards.