Lunchtime Links 2-16
New flower for North Korea may be succession ploy (Lim, Bloomberg)
Greece’s Goldman Sachs swaps spawn EU dispute on disclosure (Martinuzzi/Finch, Bloomberg) Greece was rebuked as early as 2004 by the EU for “deficit inaccuracies,” and again last month for under-reporting deficit figures for the past decade. The latest disclosure about swaps used to hide debt may make a bailout more distasteful, but won’t stop it. Too much is at stake.
The Greek derivatives aren’t Goldman’s fault (Felix, Reuters) Risk magazine was talking about this long before the NYT…
Why Greece should default (Kemp, Reuters)
Investors recruit terminally ill to outwit insurance cos on annuities (Maremont/Scism, WSJ) An underhanded variant of the life settlement business…
Japan eclipses China as top holder of Treasurys (AFP) China’s holdings dropped while Japan’s grew.
Leaving Ireland (Capell, BusinessWeek) Unemployment is driving a generation away.
Roger Ebert: The essential man (Jones, Esquire) “It has been nearly four years since Roger Ebert lost his lower jaw and his ability to speak. Now television’s most famous movie critic is rarely seen and never heard, but his words have never stopped.”
Tortoise vs. cat (pogpog)
Rubik’s cube solver (built entirely from “Lego elements”)