What Lovely Weather for a Bank Run...
From today's Guardian. A bank run in offshore tax shelters. Beautiful. Run on Stanford banks in wake of
UK Biz. Secretary Tirade at Starbucks
Starbucks in the news: In today's New York Times business section, an article about a new product from
We've Outsourced Unemployment
From the Washington Post's Harold Meyerson: Read the full article here.
Immanuel Wallerstein on the Crisis
Immanuel Wallerstein on the crisis; hat-tip to Arpita B. Here are some choice paragraphs; the whole piece is short
Greenspan (!): Nationalize the Banks
We weren't so surprised when Noriel Roubini called for (temporary) bank nationalization in a Washington Post op-ed
Germany May Rescue Debt-Laden EU Members
From Ambrose Evans-Pritchard's column.Yves Smith has linked to this page, too. But I haven't
2009 Global Economic Picture Bleak
The latest economic snapshot from the Economic Policy Institute (EPI): The full post (including their nifty chart) is here.
Obama Plan: They've Got Their Work Cut Out
At least if the latest housing data from HSBC are any indication. Thanks to Across the Curve (here's
Obama Mortgage Relief Plan
Reuters just posted a preview of the plan to be delivered later today: Obama mortgage plan to aid up to
Elderly NYers Angry as Crisis Hits Poorest
More from Reuters; hat-tip to Bob F. More mentions of Madoff. A sweet picture accompanies this article, too. You
Stanford Financial Charged with 'Massive' Fraud
From Reuters. There is a Madoff link: "Stanford's investment companies were exposed to losses from the alleged
Scared of Solar Power?
Today's Wall Street Journal has an uplifting -- and yet disturbing -- article on a training program for solar-panel