News Links: The revolution will not be televised
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Google: US law enforcement tried to get videos removed from YouTube | Technology | guardian.co.uk
The technology giant’s biannual transparency report reveals a 70% rise in takedown requests from US government or police. Google faced down demands from a US law enforcement agency to take down YouTube videos allegedly showing police brutality earlier this year, figures released for the first time show.
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Gil Scott-Heron Was Right | TBogg
The revolution is definitely not going to be televised
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Occupy Atlanta | Woodruff Park remains unoccupied | ajc.com
The park remained quiet and empty the morning after Atlanta police arrested 53 Occupy Atlanta protesters after multiple warnings. Organizers had urged protesters who were not arrested to return to the park at 6 a.m., but there were none in the park at 8:30. About two dozen Atlanta police officers remained on the perimeter of the park, which was surrounded by 4-foot metal barricades.
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WNC: Guardians: Sensing-Judging
Guardians support hierarchy and authority, usually obeying authority and expecting others to do the same. A typical Guardian comment would be, "Before you break the rules, remember society took a long time to make them and did so for good reasons."
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Shaublog » Myers-Briggs & Psychological Type
Representative Guardians are George Washington and actor James Stewart, in his many iconic roles from Mr. Smith going to Washington to George Bailey in Its a Wonderful Life. About 40-45% of the population tend toward the Guardian temperament.
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Estimated Frequencies of the Personality Types in the United States Population – CAPT.org
Estimated Frequencies of the Types in the United States Population
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Director’s Blog » Trends in the Distribution of Income
From 1979 to 2007, real (inflation-adjusted) average household income, measured after government transfers and federal taxes, grew by 62 percent. That growth was not equal across the income distribution: Income after government transfers and federal taxes (denoted as after-tax income) for households at the higher end of the income scale rose much more rapidly than income for households in the middle and at the lower end of the income scale.
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A Look at Case-Shiller by Metro Area – Real Time Economics – WSJ
The composite 20-city home price index, a key gauge of U.S. home prices, posted a 0.2% increase from July but fell 3.8% from a year earlier. Ten cities posted monthly declines, while the other 10 showed gains. Las Vegas was the only city that posted a new index level low and is 59.5% below its August 2006 peak.
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FT Alphaville » US consumer “confidence” at recessionary levels
The obvious retort is that this runs counter to the narrative we’ve heard in the last three or four weeks as economists, strategists, analysts and other supposed expert types have gradually increased their estimates for Q3 GDP growth and stopped worrying that the US economy was on the brink of another recession.
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EU rescue plans hostage to raw politics – Telegraph
The warning signs are clear. The spreads on EFSF bonds have jumped to a record 139 basis points over German Bunds. The viability of the rescue fund itself is in question.
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How the Rich Subverted the Legal System and Occupy Wall Street Swept the Land | The Nation
Implicit in this framework was the claim that inequality was justified and legitimate. The core propagandistic premise was that the rich were rich because they deserved to be. They innovated in industry, invented technologies, discovered cures, created jobs, took risks, and boldly found ways to improve our lives. In other words, they deserved to be enriched. Indeed, it was in our common interest to allow them to fly as high as possible because that would increase their motivation to produce more, bestowing on us ever greater life-improving gifts.
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Eurozone Debt Crisis: LIVE – Economic Impact – Mindful Money
European leaders meet in Brussels today to discuss a rescue plan for the stricken region. Will this be another groundhog day, with policymakers failing to agree on a plan, or will we finally be presented with the start of the solution to the ongoing storm? Mindful Money’s live blog, rounding-up the news coverage, and adding alternative perspectives.
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Ex-Goldman director to face criminal charges: source | Reuters
A former Goldman Sachs director, who also was once the global head of elite consultancy McKinsey & Co, will surrender to the FBI on Wednesday to face criminal insider trading-related charges, a person familiar with the investigation said
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Be bold, Mario, put out that fire – FT.com
Dear Mario, Congratulations and commiserations: next week, you will take up one of the most important central banking jobs in the world; but you will also bear a frightful responsibility. The European Central Bank alone has the power to quell the eurozone crisis. You must choose between two paths: the orthodox one leads towards failure; the unorthodox one should lead towards success.
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An apocalyptic end to world’s biggest bubble – Paul B. Farrell – MarketWatch
Yes, the Four Horsemen, again. The perfect biblical metaphor for today’s bizarre world, where irrational ideologies prey on us, driving America deep into a dark world we’ve seen before: Goethe’s Faust, Dorian Gray, Dante’s Inferno.
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Sorry, But This Netflix Collapse Is Overdone
Four months ago, no one could get enough of Netflix. Everyone raved about how brilliant CEO Reed Hastings was, how Netflix was disrupting the television business, and how Netflix stock was going straight to the moon.
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it occurred to me how often people uneducated in economic theory of any kind, when confronted with the reality of an economic problem, instinctively, intuitively understand the problem and its causes more or less correctly; while economists, who purport to specialise in the area of economic problems (and, it must be said, seem to go out of their way to be counterintuitive), get it fundamentally wrong. Below, I outline why, in a number of areas, economists could learn from the intuitive wisdom of the 99%.
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Italian coalition talks hit deadlock – FT.com
Italy’s prime minister was fighting on Tuesday night to stave off a collapse of his centre-right coalition government over European Union demands for more concrete economic reform measures in time for Wednesday’s highly anticipated summit of eurozone leaders.
Reference to a very good documentary on the Coup d’etat in Venezuela showing the power of the media to shape and change our perceptions.