- Ron Paul Only GOP Hopeful with Positive Twitter Following
Texas congressman and presidential candidate Ron Paul may be trailing in the polls, but he is the only politician with positive Twitter buzz, according to a new study.
- Grim economic outlook weighs down Obama approval rating – Political Hotsheet – CBS News
Less than one year out from Election Day 2012, voters remain overwhelmingly pessimistic about the economy, and their concerns are taking a toll on President Obama’s re-election chances. Just 41 percent of Americans think Mr. Obama has performed his job well enough to be elected to a second term, whereas 54 percent don’t think so.
- Forget An IPO For Now, LivingSocial Raises Another $176 Million. Total Could Reach $400 Million. | TechCrunch
In a sign that it may be pushing off an IPO after Groupon’s lackluster performance, rival LivingSocial has raised $176 million in a new round of funding, according to a new SEC filing. Reports of the new funding first surfaced in the New York Times a few weeks ago. Bloomberg reports that the new round values the company at $6 billion.
- Developer of ‘social keyboard’ Android app SwiftKey raises $2.4 million
TouchType, the London-based company behind the popular SwiftKey Android applications, has raise $2.4 million (£1.5 million) in Series A funding in a round led by Octopus Investments.
- Wyoming Fracking Linked to Tainted Water – WSJ.com
Chemicals found in a Wyoming town’s drinking water likely are associated with hydraulic fracturing, the Environmental Protection Agency said Thursday, raising the stakes in a debate over a drilling technique that has created a boom in natural-gas production.
- Top ten banker jokes – Telegraph
Bankers don’t have much to smile about but Lloyds Banking Group has managed to have a giggle – the taxpayer-owned bank is running staff training at the Comedy School. To share the joke, here are the top ten wise-cracks about bankers
- German Court Rules in Favor of Motorola, Possible iOS Device Ban Throughout Europe – Droid Life: A Droid Community Blog
File this one under surprising, a German court has ruled in favor of Motorola in their lawsuit with Apple. Back in April, Motorola filed two patent-infringement lawsuits against the Cupertino based company’s iOS devices. The mobile giant claimed Apple had infringed on one of their core cellular communications patents related to data packet transfer technology. If the ruling is upheld (we all know there will be an appeal), Apple will be forced to either remove the technology or pay a hefty licensing fee to Moto.
- «Ein Kollaps der Euro-Zone hätte verheerende Folgen» (Wirtschaft, Aktuell, NZZ Online)
Ökonomen grosser Schweizer Banken rechnen nicht mit einem Ende des Euro
- Rumänien im Zwielicht: Grüne fordern Aufklärung über CIA-Geheimgefängnis – Deutschland – Politik – Wirtschaftswoche
Hat Rumänien ein CIA-Geheimgefängnis im eigenen Land geduldet? Berichte deutscher Medien, die das nahelegen, sorgen für Unruhe im politischen Berlin. Die Grünen fordern nun Aufklärung der Vorwürfe
- Gingrich and Paul: A History of Bad Blood | Swampland | TIME.com
This is Texas Rep. Ron Paul’s third presidential bid, but never before has he gone negative the way he has in recent weeks on former House Speaker Newt Gingrich. Paul is spending $429,000 on television ads – a whopping amount, more than almost any other candidate – and much of that is in this 60-second buy in Iowa. The ad is brutal, highlighting Gingrich’s flip-flops and payments from Freddice Mac. When asked about it last week in New Hampshire, Paul said, "It’s nothing personal." But, as for other politicians who’ve served under Gingrich’s leadership, it kind of is.
- Fund My Mutual Fund: [Video] ECRI Still Sticking with Recession Call Despite Wall Street Mocking It
Last time we reviewed the ECRI call for a recession we noted Lakshman Achuthan saying it will be obvious in retrospect and usually their calls are 6-ish months early – i.e. the data has to be revised down the road to reflect reality. Wall Street has been mocking this call of late as the "meh" data continues to come in domestically, rather than data points that signal recession.
- Britain blocks Lisbon treaty route to saving euro | Business | The Guardian
Countries using single currency will pursue side-agreement to end crisis after David Cameron’s refusal to yield sovereignty
- EconoMonitor : Great Leap Forward » BERNANKE’S OBFUSCATION CONTINUES: The Fed’s $29 Trillion Bail-out of Wall Street
Since the global financial crisis began in 2007, Chairman Bernanke has striven to save Wall Street’s biggest banks while concealing his actions from Congress by a thick veil of secrecy. It literally took an act of Congress plus a Freedom of Information Act lawsuit by Bloomberg to get him to finally release much of the information surrounding the Fed’s actions. Since that release, there have been several reports that tallied up the Fed’s largess. Most recently, Bloomberg provided an in-depth analysis of Fed lending to the biggest banks, reporting a sum of $7.77 trillion. On December 8, Bernanke struck back with a highly misleading and factually incorrect memo countering Bloomberg’s report. Bloomberg has-to my mind-completely vindicated its analysis
Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.