News from around the web: 2009-08-15

| 15 August 2009 10:11

I am still playing catch up as I return from a two-week hiatus, but I do expect to be posting more starting next week.  There were a lot of interesting stories about recovery, health care, industrial production, consumer confidence that I haven’t been able to post on, so expect a few such stories in the coming days.

In the meantime, here are some important links from around the web – a  lot on the bank failures (Colonial being the biggest failure in 2009).  I also have a lot on health care and overheated stocks. I may have another links post up to backfill some of the many stories I missed.

Note the two articles on predicting GDP growth in China – interesting stuff.

Enjoy.

  • Night-time photos shed light on growing economies – New Scientist A new way for estimating GDP in China instead of official statistics or energy use?
  • Predicting consumption growth in China – Michael Pettis
  • A rally with troubling aspects – FT Buyer beware
  • Hong Kong rebounds with 3.3% GDP boost
  • Soros cuts some retailers, takes stake in BofA | Reuters BofA is getting Krawchuck, Paulson and Soros.
  • Google monster – Sydney Morning Herald
  • Alabama bank failure is largest of ‘09 – MSN Money
  • FDIC: Failed Bank Information – Bank Closing Information for Community Bank of Nevada, Las Vegas, NV
  • FDIC: Failed Bank Information – Bank Closing Information for Community Bank of Arizona, Phoenix, AZ
  • FDIC: Failed Bank Information – Bank Closing Information for Union Bank, National Association, Gilbert, AZ
  • FDIC: Failed Bank Information – Bank Closing Information for Colonial Bank, Montgomery AL
  • FDIC: Failed Bank Information – Bank Closing Information for Dwelling House Savings and Loan Association, Pittsburgh, PA
  • Job and wages worries spark drop in consumer confidence – Independent.ie
  • 12 Things Newspapers Should Do to Survive
  • The fat that makes you thin – New Scientist
  • Early Modern Humans Used Fire To Engineer Tools From Stone; Complex Cognition Older Than 72,000 Years?
  • False ‘Death Panel’ Rumor Has Some Familiar Roots – NYTimes.com This reminds me of the false rumours about Obama’s being born abroad. It’s fine to debate real issues. But, it is amazing how disinformation takes form in public policy debates.
  • Fallows: "I Was Wrong." : CJR
  • Obama keeps heat on insurance firms – Reuters
  • Colbert I. King – An Encounter With a D.C. Police Officer Leads to an Arrest
  • Michael Vick signs two-year deal with Philadelphia Eagles – ESPN
  • Toll Brothers shares jump as outlook brightens | Reuters A 41% drop in revenue doesn’t sound bullish to me.
  • Two Regional Banks May See Capital Raises – Barrons.com Synovus and Zions Bancorp have highest risk
  • Stocks: The latest Fed bubble
  • This "Junk Rally" Could Burn Stock Investors

    • avatar About Edward Harrison

    Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

    Related Posts
    More About: