Morning Links 1-22

Jan 22, 2010 15:19 UTC

Geithner has reservations on US banks (Wutkowski/Eder, Reuters) More evidence that Geithner is a goner. Will Volcker replace him? Sheila Bair could be a dark horse. She has lots of Democratic fans on the Hill despite being appointed by a Republican. In any case, Geithner was on PBS last night defending the plan.

A closer look at the Volcker rule (Felix) Capitol Hill may not be taking Obama’s rule very seriously. They think it was just a way to spin the news cycle away from the fact that healthcare will fail now that the Dems have lost their 60th vote in the Senate. Moreover, they don’t think Obama’s actually going to wage the fight against Wall Street that he claims he’s ready for.

Bernanke faces tougher vote in Senate (Reddy/Paletta, WSJ)

Fed secrecy claims bogus redacted AIG details already public (Adams, Naked Capitalism) More detail in a second post here.

FDIC and Bank of England to cooperate on resolution of troubled cross-border financials (FDIC) Next time a big financial blows itself up, Sheila Bair and Mervyn King want to make sure they’re prepared to deal with it in tandem.

NYC will move (a little bit) of its money (Traub, HuffPo) Bloomberg puts a little bit of support behind the Move Your Money campaign.

Chavez accuses U.S. of using weapon to cause Haiti quake (Moran, Digital Journal) “Venezuelan President Hugo Chavez has accused the United States of causing the devastating 7.0 magnitude earthquake in Haiti, which killed possibly 200,000 people. Chavez believes the U.S. was testing a tectonic weapon to produce eco-type devastations.”

National Enquirer eyes Pulitzer (Kurtz, WaPo) …for breaking the John Edwards affair/love child story. Incidentally, he admitted paternity in a press release yesterday. Where was he when the release went out? Haiti, helping earthquake victims. I’m not going to criticize anyone for going to help Haitians, but it’s not hard to see that Edwards isn’t doing this because he’s the charitable type….

Quote of the Day, from Behind the Numbers:

A trend we are noticing is that many companies are reporting their results and comparing them to last year, or the last two years, and claiming that they have returned to margin and revenue growth. However, when compared to two or three years ago (i.e. pre-meltdown), the companies are reporting lower margins and lower growth rates (revenue, stores, etc.). Yet, these companies have now returned to pre-meltdown valuations. In other words, the companies are trading at “historic” valuations, but with lower margins and much lower prospects for future revenue growth than was true when those historic valuations were set.

Smart Bottlenose Dolphins….

COMMENT

Dolphins – so smart. It’s easy to imagine that given a million years or so (if we weren’t around to mess things up for them) they might well advance to the point of, who knows, NOT having a fractional reserve banking system!

There, fixed it for ya!

Posted by fresno dan | Report as abusive

Lunchtime Links MLK Day

Jan 18, 2010 19:59 UTC

McKinsey report on de-leveraging — pdf (McKinsey, ht Paul M) Lots of interesting charts. Conclusion is that debt reduction in the developed world has only begun. The Economist has a good summary too.

Why talking to yourself may be the highest form of intelligence (Just Seven Things) Smart post. I would add a related point, that the most effective study method is actually teaching. Students that must teach study partners a bit of material will engage it at a deeper level as they anticipate questions.

Wall St. weighs constitutional challenge to new tax (Dash, NYT)

New York Times ready to charge readers (Daily Intel) Felix has some thoughts on this, though he fails to defend his view that it’s “not smart business” to “cut users off from the website just for the sake of dealing with a nasty cashflow problem.” Explaining this particular point in detail would be helpful as “nasty cash flow problems” tend to, you know, put companies out of business. Still, Felix acknowledges that NYT needs to charge something in order to support content generation.

Bundles of cable (Surowiecki, New Yorker) Á la carte cable probably wouldn’t lead to lower bills for consumers. Instead, the channels that folks really watch –ESPN, e.g. — would end up taking a bigger piece of the pie.

Cruise ship docks at private Haiti beach for BBQ, water sports (BoingBoing)

Chavez nationalizes retailer (Crowe, DJN) The Venezuelan economy continues to rot from the inside out.

Elevated CO2 in school traced to students’ breath (WMUR) Apollo 13 anyone?

Why NBC breached Conan’s contract (Sklar, Mediaite)

Really fast roller coaster….(fast forward to 0:35)

COMMENT

Fast Forward the video to 53, not 35 ! :)
==RED

Posted by Bob | Report as abusive
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