from Rolfe Winkler:

Lunchtime Links 11-5

November 5, 2009

Fight over blog comments hits NH high court (NHPR, ht AK) Aaron Krowne is fighting the good fight for bloggers everywhere.

from Rolfe Winkler:

Lunchtime Links 11-4

November 4, 2009

BofA's counsel had no legal authority in Merrill deal (DeCambre/Wilner/Whitehouse, NY Post)

from Rolfe Winkler:

Evening links 11-3

November 3, 2009

It's Japan we should be worrying about, not America (Evans-Pritchard) There's no pretty way to de-lever...

from Rolfe Winkler:

Afternoon Links 10-29

October 29, 2009

(Reader note: from here on out, instead of citing the publication in which a piece appears, I plan to cite the writer....where possible anyway.)

from Rolfe Winkler:

Afternoon Links 10-28

October 28, 2009

Apollo shares plunge on government inquiry (Bloomberg) The for-profit education industry is shady in the extreme. Fully 86% of Apollo's revenue comes from student loans financed by the government. It's a great scam. Find a warm body that qualifies for federal student aid, and then sell 'em as much education as they're willing to borrow against. And when the government offers to increase aid, companies like Apollo (and private universities) just raise their prices, forcing students to take on more debt for the same education. In the end, its taxpayers that take the hit when student loans default...

from Rolfe Winkler:

Morning Links 10-26

October 26, 2009

Detroit house auction flops (Reuters) "Despite a minimum bid of $500, less than a fifth of the Detroit land was sold after four days." The article notes that "total vacant land in Detroit now occupies an area almost the size of Boston."

from Rolfe Winkler:

Lunchtime Links 10-23

October 23, 2009

Macklowe's Worldwide Plaza Successor wrestles towering dilemma (Bloomberg) "The partnership [that bought Macklowe's busted property] paid $370 a square foot for Worldwide Plaza, while competitors paid $1,000 a foot or more for similar buildings at the height of the five- year U.S. property boom." That means they can drop rents to $30-$50 per sq foot from $80-$100 that was common not long ago. That's bad for CMBS holders and banks who own the debt on busted properties, but fantastic for folks in the real economy who suddenly have much more money to spend on things besides rent. But instead of allowing price adjustments like this to happen, policymakers scream "deflation" and institute all manner of spending schemes to prop up asset prices.

from Rolfe Winkler:

Afternoon links 10-22

October 22, 2009

CFPA clears house panel (Bloomberg) A step in the right direction.

More aid for Pakistan (Newsweek) But is the money doing any good?

Why mortgages aren't modified (Ed Harrison)

How the current economy has affected dentists, vasectomies, guns and shark attacks (CoinbyCoin) A good video, though be careful re: his chart of "leverage," which looks to me like excess reserves in the banking system. A better measure of the economy's leverage is debt to gdp.

from Rolfe Winkler:

Lunchtime Links 10-19

October 19, 2009

Stopping by the Value Investor Congress today....still getting over the Bears' ATROCIOUS loss last night....

from Rolfe Winkler:

Lunchtime Links 10-17

October 17, 2009

Quote of the day. Terry Teachout, the WSJ's theater critic, commenting on John Stamos' performance in the Broadway revival of Bye Bye Birdie: "Mr. Stamos couldn't carry a tune in a bucket with the lid welded on."