By Felix Salmon
July 20, 2010
Center for Financial Inclusion

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Mexican savings accounts have negative real interest rates. Affordable!– Center for Financial Inclusion

Rich Blake has an entertaining rant about Randall Lane and Trader Monthly — HedgeWorld

Ben Stein: “People who have been laid off and cannot find work are generally people with poor work habits and poor personalities” — American Spectator

John Cassidy translates Larry Summers into something approaching English — New Yorker

Dan Wineman on restaurant websites — Venomous Porridge

Dear Pinot Noir: I’m writing to tell you that I’m breaking up with you — The Gray Market Report

Iceland: CFR vs Krugman — CFR customers now purchase more Kindle books than hardcover books — surely thanks to the iPad — CNet

What Sharon Waxman and I have in common — Fishbowl NY

ETFs that no one should ever touch: “Inverse S&P 500 VIX Short-Term Futures Exchange Traded Notes” — BusinessWeek

Bloomberg’s interns (Last names: Tisch, Blankfein) — NYT

“We’re Apple. We don’t wear suits. We don’t even own suits.” — Wired, via ZDNet

Do I need to know about Tea Party Express vs Tea Party Patriots vs National Tea Party Federation? Please say no — The Atlantic

Cato on “Top Secret America” — lots of good links and analysis — Cato

A Farewell to Scienceblogs: the Changing Science Blogging Ecosystem — Scienceblogs

LCH.Clearnet clears record number of interest rate swaps ($224.6 trillion) in Q2 — Reuters

Is now a great opportunity for BP to try another top kill? James Cameron (yes, that James Cameron) thinks so — NYT

Mail Online has its own dedicated newsroom and >40m uniques — Guardian


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Please, please revive the Ben Stein Watch in response to the article you cite above.

Posted by Curmudgeon | Report as abusive

I disagree with Curmudgeon. I can’t stand Ben Stein even at one remove.

What you need to know about any group with “Tea Party” in its name is that it represents about 5 or 10 people. “The Tea Party” is still almost entirely a bottom-up emergent phenomenon that lacks any organizational coherence. (It’s sufficiently populist that frequently individual “members” lack their own coherence as well, but that’s not really on topic.)

Posted by dWj | Report as abusive

Sorry, dWj, I didn’t know where to begin with criticizing Stein’s article, and thought Felix should devote an entire post to it.

Posted by Curmudgeon | Report as abusive

I’d like to know the data subset Mr. Stein was citing. He seems to hail from the same vaunted halls of thought as former Sen. Gramm (nation of whiners). I’ve read and heard stories about 100-200 candidates applying for a job. Experienced professionals (banking / lending / investments).

Neither hearing or being told the “over-qualified” line encourages a job-seeker. If each/every potential employer worries or concerns about a new hire leaving quickly…well every last employee is able to move to something better or different too. Plenty of capable people are willing, perhaps too willing, to go a little backwards in order to move ahead. Employers aren’t budging.

Posted by McGriffen | Report as abusive