Lunchtime Links 9-23
Kalashnikov faces bankruptcy (Globe & Mail) Knockoffs are cutting into sales of AK-47s….
Stiglitz/Sen: Emphasis on growth misguided (NYT) They don’t emphasize it enough in this piece, but the primary problem with GDP is that it doesn’t account for debt. As long as it’s growing, we congratulate ourselves for successful economic management. But if borrowing is the key driver, previous “growth” melts away when debt is paid back.
AT&T testing “microcells” to boost iPhone performance (MSNBC) Wait. iPhone users are already paying $70 per month for service (minimum). Now we have to pay extra for AT&T to provide an acceptable signal?
Bank of America to face SEC trial (ABC) After Judge Rakoff rejected the $33 million settlement between the two parties, the SEC says it will “vigorously pursue” the case.
Mobius on derivatives (CNBC) I’m not sure Mobius is really that close to the derivatives market. But there are some good sound bites in this interview.
Dust storm turns Sydney red (smh.com.au) Great pictures.
VIDEO: Coolest job ever? (adressa.no) Swinging a wrecking ball with a helicopter!