links 09/27/2011
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Is the SEC Finally Taking Serious Aim at the Ratings Agencies? « naked capitalism
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“The new Bundesbank president, Jens Weidmann, used to be one of Merkel’s closest advisers. Now, he is one of her staunchest critics over the euro rescue. He is strictly opposed to the European Central Bank’s policy of buying up bonds from debt-stricken countries — and is winning a growing number of allies for his cause.”
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Facebook Is Tracking Your Every Move on the Web; Here’s How to Stop It
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Android powered 56 percent of smartphones sold in the last three months — Engadget
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The Oil Drum | A Brief Economic Explanation of Peak Oil
“Peak Oil is, in fact, a complex but largely an economically driven phenomenon that is caused because the point is reached when: The cost of incremental supply exceeds the price economies can pay without destroying growth at a given point in time. While hard to definitively prove, there is considerable circumstantial evidence that there is an oil price economies cannot afford without severe negative impacts.”
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Ireland aims for 2012 bonds entry – Independent.ie
“IRELAND has a realistic chance of getting back to the bond markets next year, if current momentum can be sustained, analysts said last night.”
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Germany at war over eurozone bail-out – Telegraph
“European officials have confirmed that discussions are afoot to boost the eurozone bail-out fund’s firepower as part of a grand plan to contain the region’s sovereign debt crisis in Greece.”
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Occupy Wall Street: ‘Pepper-spray’ officer named in Bush protest claim | World news | guardian.co.uk
“Anthony Bologna, NYPD officer named in pepper-spray incident, is accused of civil rights violations at the time of the 2004 Republican national convention protests”
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Daily Kos: Iceland’s On-going Revolution
“Today, that country is recovering from its financial collapse in ways just the opposite of those generally considered unavoidable, as confirmed yesterday by the new head of the IMF, Christine Lagarde to Fareed Zakaria. The people of Greece have been told that the privatization of their public sector is the only solution. And those of Italy, Spain and Portugal are facing the same threat. They should look to Iceland. Refusing to bow to foreign interests, that small country stated loud and clear that the people are sovereign.”
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‘When Will They Take a Stand Against Their Own Crazies?’ – James Fallows – Politics – The Atlantic
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“Axel Weber startet möglicherweise früher als gedacht bei der UBS: Kreisen zufolge sondiert der Ex-Bundesbank-Chef einen vorzeitigen Wechsel zur Schweizer Großbank. Dazu benötigt er die Zustimmung seines ehemaligen Arbeitgebers.”
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THE PRIMARY TAKEAWAY FROM THE BERKSHIRE BUYBACK | PRAGMATIC CAPITALISM
1) Warren Buffett believes Berkshire Hathaway is selling far below intrinsic value.
2) The rest of the equity market is just not that attractive right now in terms of relative value.
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Buffett launches first Berkshire buy-back – FT.com
“Berkshire Hathaway, the candy-to-cargo train conglomerate controlled by Warren Buffett, said it would buy back its own shares for the first time, as the famed stock investor declared the market value of his own company to be extremely cheap.”
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A Simple Libertarian Argument for Environmental Regulation | Bleeding Heart Libertarians
“Libertarians are often very hostile to environmental regulation. Why? Reflecting on the argument below should help us understand their grounds and whether the grounds are any good.”
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Marine Le Pen: Is the ‘devil’s daughter’ right? – Telegraph
“Sitting in her office at the headquarters of France’s Front National, the obligatory French Tricolour flag nearby, Marine Le Pen is relishing her I-told-you-so moment.”
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Zapatero Calls Election as Polls Give Opposition Record Lead – Businessweek
“Sept. 26 (Bloomberg) — Spanish Prime Minister Jose Luis Rodriguez Zapatero called early elections as polls show voters will ditch his Socialist party over its handling of the debt crisis in favor of opposition pledges of jobs and tax breaks.”
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Samsung Asks Apple For 2.4% Payout On iPhone Chipsets | TechCrunch
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Labour today offered a coded apology for its history of cosying up to Colonel Gaddafi and other Arab dictators.
Shadow Foreign Secretary Douglas Alexander told Labour’s conference that the party could finally look the protesters of the Arab Spring ‘in the eye’ after deciding to back them ‘against the old autocrats’.
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Henrik Müllers verquere Schreckensszenarien – Kantoos Economics
“Erneut scheint mir implausibel dass Instabilität noch grösser sein sollte wenn der griechische Staat wieder solvent und seine Volkswirtschaft wettbewerbsfähig wäre. Auch Argentiniens Erfahrung belegt das Gegenteil”
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BBC Sport – Arsenal boss Arsene Wenger warns financial crisis will hit football
“Arsene Wenger admits Arsenal’s poor form contributed to their lowest Premier League home crowd of the season against Bolton on Saturday. But the Gunners boss warned that global economic problems could lead to lower attendances throughout the league.”
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“The cost of residential property fell 1.6pc in August taking the total collapse over the previous 12 months to 13.9pc. The Central Statistics Office (CSO) said homes have fallen in value by 43pc since the peak of the market in early 2007.”
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Verizon takes Samsung’s side in spat with Apple | Reuters
“Verizon Wireless, the biggest U.S. mobile provider, has taken a legal stand against Apple Inc’s request to ban the sale of some Samsung Electronics Co devices in the United States.”
“The Priv3 Firefox extension lets you remain logged in to the social networking sites you use and still browse the web, knowing that those third-party sites only learn where you go on the web when you want them to.. ” https://priv3.icsi.berkeley.edu/
“How to take apart the Eurozone, without sovereign “default”” https://worthwhile.typepad.com/worthwhile_canadian_initi/2011/09/how-to-take-apart-the-eurozone-without-sovereign-default.html