- Dr. Doom: Where we’re going we don’t need roads – Dealbreaker
Marc Faber’s July Newsletter.
- On Robert S. McNamara – James Fallows
Very good obit on McNamara.
- Regulation And Oversight Of Gun Sales Reduces Trafficking To Criminals, Study Finds
Gee, regulation promotes compliance. Gosh, I thought self-regulation was the way to go.
- Technology Review: Blogs: arXiv blog: Why Incompetence Spreads through Big Organizations
"Promoting the people most competent at one job does not mean that they’ll be better at another, according to a new simulation of hierarchical organizations"
- The inevitable socialisation of health care financing – Willem Buiter
"When risk vanishes, insurance turns into redistribution. That’s a task for the state"
- Moody’s Downgrades $6.26bn of Jumbo RMBS – HousingWire
No loans are happening in the jumbo market.
- Felix’s bicycle… – Rolfe Winkler
Good post about regulating the CDS market. Bottom line: exchange trade most contracts. To the degree non-standard contracts exist, regulate them.
- American Bar Association gives Sotomayor top rating – Reuters
The ABA said its Standing Committee on the Federal Judiciary unanimously based its "well qualified" evaluation on a review of Sotomayor’s professional integrity, competence and judicial temperament without considering her personal ideology.
- Gmail, Google Calendar, Docs, and Talk Leave Beta – Lifehacker
- Could Michael Jackson’s death save California’s economy?
I just like the title. If this is the only thing that can save California, gold help us. hat tip egghat.
- The Yield Curve Mambo – Max Keiser
Very cool video of swap spreads
- VLC Hits 1.0 with Better Playback and File Support – Lifehacker
Best video player software.
- Fitch Sees SIVs Shed 95% on Subprime Woes – HousingWire
The SIV model is dead.
- Savings in 401(k) Varies Based on Race – Real Time Economics – WSJ
- In Search of Dignity – David Brooks
The ‘Dignity Code’ is gone. Hat tip Jeff Porter.
- Social Security, June 2009 Report: Ongoing Deterioration – Bruce Krasting
NPV is deteriorating.
- German industrial orders surge – FT
Up 4.4% on month but down 29.4% in year