News from around the web: 2009-07-20

  • The Best Bank You’ve Never Heard Of –

    "If you aren’t familiar with Banco Santander yet, you soon will be. The Spanish giant is becoming one of the most profitable banks in the world."

  • CIT near to sealing rescue package – FT

    I guess there are no CDS players blowing this up

  • Porsche boss to get 175m golden parachute

    Wiedeking makes off with 100 million euros.

  • UK: Recession forces a million to work part-time – Telegraph

    "The latest statistics indicate that, between March and May this year, a record 927,000 individuals were working fewer than 30 hours a week because they could not find a full-time job, a rise of 38 per cent on last year."

  • Iceland in key step to restructure banks – FT

    Foreign ownership will be a part of this.

  • 81-year-old qualifies for NASCAR West series race – NASCAR – Yahoo! Sports

    "Hershel McGriff has become the oldest driver to take part in a national NASCAR series race after qualifying for a Camping World West Series event at Portland International Raceway."

  • Marijuana First, Then the Oil |

    Marijuana is big business in Cali. Is this a potential source of revenue?

  • The Big Mac index: Cheesed off | The Economist

    Burgernomics points to uncompetitive currencies in continental Europe"

  • Roach: Financial Crisis Isn’t Over – Moneynews

    CIT clearly demonstrates this.

  • Will Google Voice deem mobile phone carriers as simply data pipes? – The Next Web

    Google Voice will make the legal battle about what telephone companies can and cannot restrict or prioritize very real.

  • Rapper 50 Cent cuts price of house for second time – Telegraph

    Even 50 Cent is downsizing. But his house is 50,000 sq. ft. That’s absurd. Hat tip Max Keiser.

  • Michael Jackson at 40

    Back in 1985, we see what Jackson would have looked like at 40.

  • Freire pushed air-rifle pellet out of his leg – Cycling – Yahoo! Sports

    A racer gets shot during the Tour de France. Crazy.

  • They Got Some ’Splainin’ to Do – Frank Rich

    Sotomayor hearings as ‘Alice in Wonderland’

  • The Fancier The Cortex, The Smarter The Brain?

    Introducing ‘cognitive plasticity’ and its connection to experience and brain complexity

  • Why Winning Athletes Are Getting Bigger

    Winning athletes are getting bigger much faster than the rest of the population. Why?

  • Economist’s View: "The Most Misunderstood Man in America"

    Why has Joe Stiglitz been PNG’ed in Washington?

  • Review of Ferdinand Pecora’s "Wall Street Under Oath" – naked capitalism

    Views on 1930s investigation into financial services

  • Five questions for Robert Reich | Free exchange |

    We get a good overview of Reich’s views on health care, housing and more.

  • Why We Must Ration Health Care –

    A must-read piece on health care. Hat tip Mark Thoma.


    Distraction of the Day: Pyramid Economy

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