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I almost have to laugh at this. But, a proposal is afoot to require all employed persons in America submit biometric data as a control against illegal immigrants. This is part of an Immigration Bill now wending its way though the Senate.
The Wall Street Journal writes ID Card for Workers Is at Center of Immigration [...]

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Social networks and the massive migration within China | vox
Wirtschaftswunderland China: Der Weltfabrik gehen die Arbeiter aus – SPIEGEL ONLINE – Nachrichten – Wirtschaft
Economic View – Rethinking the Government’s Role in Housing Finance – NYTimes.com
The Renter Roadblock – NYTimes.com
Glacier melting a key clue to tracking climate change
It’s official: An asteroid wiped out the dinosaurs
China wants [...]

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If you’re wondering where these ridiculous, hare-brained comments are coming from, then watch this video and listen to Rick Santelli speak about predatory lending. The only one who acquits herself in this segment is Janet Tavakoli.  Bill Isaac, a former FDIC head – the guy talking about regulation as if commercial banks are already subject [...]

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Getting Old Is Expensive – Economix Blog – NYTimes.com
Sovereign-crisis trades spark regulatory backlash – MarketWatch
Long-time cannabis use associated with psychosis – Science Daily
Slashdot Your Rights Online Story | German Data Retention Law Ruled Unconstitutional
A Leading Economist Mulls the Next Crisis – Interview with Joseph Stiglitz – Barrons.com
Economist’s View: "Maybe Debt [...]

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The Woman Behind Greece’s Debt Deal – WSJ.com
Bailout Anger Hurts Geithner’s Public Image, Effectiveness – WSJ.com
BBC News – Judge backs Bank of America’s Merrill Lynch deal fine
Porsche May Struggle to Comply With U.S. Fuel Limits, FTD Says – Bloomberg.com
U.S. Tops Canada 5-3 to End 50-Year Olympic Drought – Bloomberg.com
Andrew Koch: [...]

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The Atlantic has an epic piece on employment trends in America in this month’s issue.  This is a must-read piece of journalism, not just for the anecdotes and analysis of this particular downturn, but also for its statistics and historical perspective. 
One particular part of the narrative on urban Black males caught my eye. You’ll [...]

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Of all the coverage of last night’s State of the Union address, the video below stands out.
Now, I’m sure Matthews will have a defence for this piece of analysis i.e. “he was so good that all the talk about Obama and race slipped my mind for that brief moment while he spoke.”  But, of course, [...]

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Bill Gross is out with his latest monthly investment outlook. He is taking on the issue of sovereign debt. This is an issue that has moved center stage, especially in the wake of the surprise Thanksgiving debt moratorium announcement in Dubai.
What caught my eye was this chart below.
 

The obvious implication of the chart is [...]

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I picked up this Robert Reich quote from Politico’s Open Mic section, which echoes the sentiments expressed by a Massachusetts voter in my recent post “President Obama, are you listening?”:
A third political party is emerging in America. Call it the I’m-Mad-As-Hell party.
It’s a mistake to see the Mad-As-Hell party as just a right-wing phenomenon [...]

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Obama and the War on Wall Street
Yesterday’s announcement on bank regulation by President Obama is a key turning point in his Presidency.  It means a whole new world of uncertainty for banks and bank stocks and could be just the beginning of a broad-based crack down on Wall Street – and that is bearish for [...]