News Links 10/08/2011
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George Soros likens troubles in U.S., Europe to Soviet collapse – The Globe and Mail
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US Department of Homeland Security developing system to predict criminal intent — Engadget
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On #OccupyWallStreet and the Danger of Elite Capture « naked capitalism
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U.S. Consumer Credit Decreased $9.5B in August – Bloomberg
Non-revolving credit, which includes student loans and financing for automobile purchases, slumped by the most in three years.
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How to recapitalize really ****-up banks + Germany update – Kantoos Economics
First published by „Die Welt“, a German daily, Germany is pushing for forced recapitalization of banks in Europe (see this Guardian article for more). This seems to include serious stress tests. It was about time. Now the question is: how do we do it?
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If large sums are indeed disappearing into the shadow banking system, then a rapidly rising share of the financial system is beyond the direct control of the government.
If large sums are indeed flowing out of China, we may have the beginning of major, sustained outflows from China.
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El Banco Popular ofrece 1.362 millones en acciones por el Pastor · ELPAÍS.com
La operación se instrumentaría mediante el canje de 1,115 acciones del Popular por cada un del Pastor. -La oferta supone una prima del 31% sobre el valor de mercado
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10 Stubborn Food Myths That Just Won’t Die, Debunked by Science
We talked to a group of nutritionists and asked them to share the food myths they find most irritating and explain why people cling to them. Here’s what they said.
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Feds cracking down on California medical marijuana dispensaries – latimes.com
Federal prosecutors in California are threatening to shut down medical marijuana dispensaries throughout the state, sending letters to warn landlords to stop sales of the drug within 45 days or face the possibility that their property will be seized and they will be sent to prison.
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