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Links 5/16/09
naked capitalism —
... Is Yet to Come Jesse Credit Card Defaults Reach Record Highs in April CNBC Volcanism in Saudi Arabia Paul Kedrosky U.S. money manager takes aim at subprime servicer Reuters FDIC “Clarifies” Bair Comments about Bank CEOs Rolfe Winkler China Power Production Fell 3.9% in Early May, Securities Says Bloomberg (hat tip reader Michael) The IMF is hurting poor countries Mark Weisbrot, Guardian America’s phobia of banks Simon Schama, Financial Times Antidote du jour. These are ...
Saturday Links
Alea —
... Chrome was ‘hackable’ at Pwn2Own contest
Lawsuit Says Google’s Sale of Keywords Is Illegal
Google apology for slow service
Diversification / Fallacy of Composistion / Herd behaviour
More people are satisfied in heavily tariffed nations
Ecuador fails to sell seized oil
America’s phobia of banks
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Ending the Fed: the rebirth of Jacksonian bankphobia
FT Alphaville —
... to bring on the Great Depression of the 1930’s. It has also inflated away the value of our currency by over 96 percent since its inception. It has invisibly stolen from the poor and given to the rich through this controlled inflation, and now openly stolen through recent bank bailouts. It has predictably exacerbated the very problems it was meant to solve. All of which we’d have been quite likely to dismiss out of hand, were it not for its relevence in light of an excellent essay from historian Simon Schama in last weekend’s FT, on the central-bank hating tendencies of ...
