Lunchtime Links 1-11

January 11, 2010

Shoddy tayloring (George Cooper) The author of my favorite book on the financial crisis now has a blog. His first post tears down Bernanke’s recent speech absolving his/Greenspan’s easy money policies for inflating housing bubble. It’s a bit technical, but very good.

Venezuelan devaluation helps Chavez, for others it’s unclear (Molinski/Crowe, DJN) Speaking to economist Steve Hanke last month about North Korea’s devaluation, he predicted that Venezuela would be next. His thoughts today: “Venezuela is in a death spiral. There will be more bad news.”

Hank Greenberg’s self-serving, off-base salvo at Goldman (NakedCapitalism) Smith writes a great take-down of the Greenberg’s “interview” in Saturday’s WSJ.

Banks prepare for big bonuses, and public wrath (Story/Dash, NYT) The writers estimate that Goldman’s pay will average $595k, and JP Morgan Chase investment bankers will average $463k.

Saint Elizabeth and the Ego Monster (Heilemann/Halperin, New York Mag) We already knew that John Edwards is among the phoniest candidates in recent memory, but this has interesting detail. Turns out Elizabeth’s virtuous image was a “mirage.”

All choices lousy for stadium fix (Brown, Cinci Enquirer) When will taxpayers learn that it’s a losing bet to subsidize stadiums? A former professor of mine, Allen Sanderson at UofC, has argued cogently that subsidizing stadium construction is a bad investment.

Dubai’s first foreclosure may open floodgates in world’s worst market (Fattah, Bloomberg)

America slides deeper into depression as Wall St. revels (Evans Pritchard, Telegraph)

Toxic corn ( If I’m reading this right, it says three varieties of Monstanto genetically-modified corn are harmful to your health…

Childproof drawer…


We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see

On March 11 2008 a new documentary was aired on French television – a documentary that Americans won’t ever see. The gigantic bio-tech corporation Monsanto is threatening to destroy the agricultural biodiversity which has served mankind for thousands of years. 6262083407501596844&hl=en#

Posted by The Cynical Economist | Report as abusive

Moin from Germany,

excellent find The Cynical Economist.

I have seen this just last week on Arte and have asked myself if this kind of BLOCKBUSTER DOCUMENTARY will it ever make into the news ( MSM ) in the US…..

I think i know the answer….. 😉

Posted by jmf | Report as abusive