Post Tagged with: "journalism"
Jon Stewart on Warren Buffett and the Class Warfare meme
Jon Stewart has noticed that Fox News is selling viewers on the view that ‘socialists’ like Warren Buffet and Barack Obama are engaged in class warfare. He presents an amusing view; take a look
On Eurobonds and Italian default
The bottom line is this: many in Northern Europe see this crisis as the result of the fiscal profligacy of bad actors which were known before the Euro’s existence to be bad actors. All of these countries except Spain have been running huge deficits throughout the last decade. In my view, Edward Hugh makes the right macro assessment – Italy is the elephant in the euro room, not Spain – and asks the right questions: Can Italy Grow Its Way Out of Debt? If it can’t, eventually Italy will default and the euro will be finished
Jon Stewart on Dickishness
Jon Stewart gives his opinion on Mark Halperin’s calling the President a Dick
On Dickishness
It may not have been the most felicitous choice of phrase, but Mark Halperin’s characterization of Barack Obama was not far off the mark, even if he did get suspended for it
Why I Won’t Support More Bailouts
The following editorial by Timo Soini, the head of the True Finns party in Finland, on perceived corporatism in the EU bailouts of the eurozone periphery appeared in Monday’s Wall Street Journal. We are reprinting it here because the original version was posted and then inexplicably edited, excising key bits of the argument. Below, the areas which are highlighted are the excised bits. (hat tip Karl Denninger.)
More free money from Google for site scrapers
Back in December I wrote an article on how site scrapers were gaming Google’s search algorithm in order to make advertising money from articles that they scrape from RSS feeds. Just after I wrote this piece, Google got religion about spam sites and revamped their search engine results to penalize content farms. Yet, the problem with scrapers still remains
Fiat Justitia Ruat Caelum
It is one of the paradoxes of life that the most practical means to ensure that the system does not collapse is to insist on justice for all and to ignore demands for special treatment premised on claims that justice places the system at grave risk of collapse. Nietzsche argued that the ubermensch (generally translated as “Superman”) transcended the normal rules. The elites claim impunity from normal rules on the basis of their purported superiority and because they claim that they are so important that applying the normal rules to them will harm society. Some pigs are more equal than others. What any competent financial regulator learns is that the best way to destroy a financial system is to refuse to hold the elites accountable. Regulators that insist on doing justice prevent the heavens from falling.
60 Minutes on The Next Housing Shock
"60 Minutes" aired a segment last night on the foreclosure fraud that we in the blogosphere have been discussing for sometime. See "Videos: Depositions of Alleged Robo-Signers From Nationwide Title Clearing" from November, for example. It’s good to see this issue go mainstream. The video is embedded below, but let me make a few comments
SNL Spoof of Mark Zuckerberg of Facebook and Julian Assange of WikiLeaks
A funny look at Time’s selection of Mark Zuckerberg for Person of the Year over Julian Assange
Site Scrapers Find Free Money on the Web
This is about how site scrapers use loopholes in the Google Search algorithm to rank highly for content they scrape from the sites of others. These activities may eventually become an issue for regulatory officials since Google also earns revenue from these practices in the online advertising space that it dominates
Some Thoughts On The Fed and Bank Bailouts
Walter Bagehot wrote an eponymous financial book in the 19th century called Lombard Street, giving advice on finance and banking. The most important and quoted piece of advice Bagehot gave was to the Central Bank, in this case the Bank of England. He told them to “Lend freely at a high rate, on good collateral.” This is something the Federal Reserve has failed to do during the credit crisis. The Fed lent freely, but at an low rate, on dodgy collateral
How the Fed and the Treasury Stonewalled Mark Pittman to His Dying Breath
Originally published at www.CounterPunch.org. by Pam Martens On the President’s first day in office on January 21, 2009, he issued an Open Government memo promising the American people a new era of transparency. On March 19, 2009, under the President’s orders, the Attorney General’s office issued detailed guidelines on how Federal agencies were to respond