The High Costs of the Cloud
Data centers make “the cloud” tangible. The supposed benefits—such as jobs—might not be.
D&S BLOG
These posts are from the D&S Blog, which we mostly stopped posting to a few years ago. Visit our new blog Left Hook Economics (https://www.dollarsandsense.org/tag/left-hook-economics/).
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Changed Relation between Intellectuals and Poor
Interesting Guardian piece by David Edgar, formerly of Marxism Today: In the new revolution, progressives fight against, not with, the
Yves Smith: Banks Sitting on Bad Mortgages
More reason to view Case-Shiller data with caution: increased buying activity is only one side of the problem. Naked
Senate Republicans To Block Health Co-ops
According to this Financial Times report. Co-ops are a totally insufficient substitution for the less-than sufficient public option
More on Craziness of China's Stimulus
From The Financial Times. Here's a taste: This was thanks largely to the government's Rmb4,000bn
Today's Indicators
US Consumer Confidence surges above 50 in August; considerably fewer say jobs "hard to get." Go figure. In
It's Better than the Alternative
...to wit, nominiating Lawrence Summers. From Reuters: Obama renominates Bernanke as Fed chief Tue Aug 25, 2009 9:55am EDT
China To Keep Lending
This is just weeks after asserting (or emphasizing?) the contrary. The Chinese are really dancing on a tightrope, here. I
Strange Things Afoot in the Bond Market
From Bloomberg: Bond Bears Dumping Two-Year Treasuries Defy History (Update3) By Oliver Biggadike and Daniel Kruger Aug. 24 (Bloomberg)
NYT on High Frequency Trading
Arrest Over Software Illuminates Wall St. Secret By ALEX BERENSON Published: August 23, 2009 New York Times Flying home to
Today's Reads: Morgenson, Roubini, Muenchau
Morgenson cautions us on hopes for recovery in the banking sector Roubini wonders if whether the recession will be "
CBO: 2009 Deficit Down, 10-Year up by $2 Trillion
From Reuters: New deficit projections pose risks to Obama's agenda Mon Aug 24, 2009 8:06am EDT By
This Week's Economic Indicators
Before we get to the recognized indicators, some non-indicator news worthy on note (i.e. these things will probably