September 2011
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“The losses from the bank’s mortgage operations are not just vast, they are...”
– The Economist, on Countrywide’s crippling drag on Bank of America.
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“Mr Adoboli’s last update to his Facebook page, dated September 6, simply reads...”
– UBS trader Adoboli held over $2bn loss - FT.com (via felixsalmon)
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Watchtheatlanticvideo:
Remix: ‘All the President’s Men’ vs. the Beastie Boys’ ‘Sabotage’
“I can’t stand it, I know you planned it, I’m gonna set it straight, this Watergate,” begins the Beastie Boys’ “Sabotage.” All the President’s Boys is one of those perfect remixes that works so well, you can’t believe you didn’t think of it first. Editor Jeff Yorkes “cinemashup” of footage from All the...
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“In 1980, fewer than 500,000 Americans were in prison; today, the number is 2.3...”
– Andrew Romano, profiling Jim Webb’s efforts for criminal-justice reform. (via newsweek)
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Janette Sadik-Khan, Bicycle Visionary -... →
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Watch
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Obama's Jobs Package: A Smart Plan, if Not a Game... →
theatlantic:
Derek Thompson breaks it down:
President Obama’s $450 billion stimulus revolves around a plan to extend and expand the payroll tax cut. It also includes incentives for businesses to hire workers — with a separate tax credit for hiring long-term unemployed workers — and it extends unemployment benefits for another year. And it’s all offset with a plan to reduce our long-term...
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“Mr. El-Erian, who ran the nation’s largest university endowment as head of the...”
– “Spend Now, Save Later, Bond Fund Leaders Say,” NYTimes, 8/21/11
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Leander Schaerlaeckens: Can Belgium become a... →
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