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China supports Argentina in Falklands dispute — Univision
“You can have opacity and an industrial economy, or you can have transparency and herd goats” — Interfluidity
Annals of immovable objects, LACMA edition — NYT
Thinking about god does help you achieve your goal, but only if your goal is to successfully resist the urge to do something — PRBNM
2011′s worst chief executives — Dealbook
Greece’s diabetics can’t get insulin — NYT
Meet your newest Fed Board nominees — WSJ
Wherein Khoi Vinh calls the NYT’s user experience “haphazard”, “insulting”, and “hostile” — Subtraction
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“China Supports Argentina in Falklands Dispute” is quite literally a 29 year old story. But thanks for the reminder.
I have always had the notion that when there is a lot of opacity, i.e., too little trust, people herd goats. It is in societies where people have a lots of trust, and know that laws and institutions will function the way they expect, where finance and capital markets develop. There may be examples that seem to confirm the reverse, but overall, I think increasing opacity is a recipe for less finance in the future.