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Android 2.0 gets Facebook integration and a car mode
With the 4G iPhone coming, will it be enough?

FT.com – Apple leaps ahead with 47% profits surge
No one’s complaining about this, are they?

RUMOR: Verizon and Apple Already Testing 4G iPhone
Wow. I’d like to see this phone. Big news. AT&T is unhappy.

FT.com – Greece vows action to cut [...]

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FT Alphaville – Is all well at Wells Fargo?
Wells Fargo is starting to pay for its tight-lipped limited disclosure policy.

From Bear to Bull: James Grant on Recession and Recovery – WSJ.com
I don’t agree with Grant , but here it is. "James Grant argues the latest gloomy forecasts ignore an important lesson of history: The deeper [...]

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I am astounded at how quickly we have returned to the pre-crisis days of yore. Credit spreads are down, the stock market is up, volatility is down, earnings are up and bonuses are up.  It looks like happy days are here again.
But, I can’t help thinking this is all too much and too soon.  It’s [...]

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Follow the money – BBC News
"Find out how the money was spent and what it means for the taxpayers who have funded it"

To the victors, the spoils: a post-Lehman scorecard | Reuters
A year after their high-speed takeovers, Britain’s Barclays is confident it is on course to fulfill long-held ambitions now it has a foothold in [...]

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FDIC: Failed Bank Information – Bank Closing Information for Affinity Bank, Ventura, CA
As of July 10, 2009, Affinity Bank had total assets of $1 billion and total deposits of approximately $922 million. In addition to assuming all of the deposits of the failed bank, Pacific Western Bank agreed to purchase essentially all of the assets. [...]

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The liquidity pipes remain clogged – Gillian Tett
Parallels to Japan yet again

As Economy Turns, Washington Looks Better – David Leonhardt, NYTimes.com
Could July’s employment report be a boon for Obama?

What If the Captain of the Titanic Managed to Get Three Quarters of the Passengers on Life Boats? – Dean Baker
A different take than Leonhardt

Unemployment: Keeping It [...]

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Peter Brimelow: Wall Street-Washington collusion? – MarketWatch
Just my kind of article. Hat tip Marshall Auerback.

Yao Ming likely out next season – NBA – Yahoo! Sports
No Tracy McGrady or Ron Artest either

Dismantling the Temple – William Greider
The Fed is in deep trouble from the financial crisis. Hat tip Scott.

America’s 10 cushiest prisons
Bernie Madoff is not off [...]

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In talking to the FT’s Gillian Tett, Hugh Hendry of The Eclectica Fund makes the hilarious metaphor of China as Santa Claus bringing gifts to a world constrained by excessive Western government debt issuance.  But, Hendry thinks the Asian surplus countries are the most exposed and most vulnerable because they are excessively dependent on foreign [...]

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After Pilot Dies, Jet Lands Safely in Newark – NY Times
EU sets basis for finance reform – BBC News
"EU ministers have agreed in principle on a framework for enhanced oversight of the financial sector, with the UK winning key concessions to the plans."

When it comes to global banks, size matters – Gillian Tett
The Swiss and [...]

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From the London School of Economics website:
Below is an audio recording of approximately 78 minutes where Gillian Tett takes us inside the shadowy world of complex finance and derivatives and explains how the business of slicing and dicing debt led us to the devastating global credit crunch.
Gillian Tett has worked as a journalist for the [...]