News from around the web: 2009-09-10

He is making the asset price inflation argument I have often made. On the other hand, I am seeing some initial signs that liquidity is being drained. So, it remains to be seen whether the money printing will continue.

Bank of America dug in its heels on Wednesday in responses to two investigations into its shotgun merger with Merrill Lynch at the height of the financial crisis last year.

Richard Posner gives us a thoughtful take on recession and recovery for a non-economist. I agree with most of his points.

Issuing admonitions about the dollar is easy. Developing a genuine alternative is much more difficult. This is the task China must accomplish – in its own interest and, ultimately, the world’s.

"China National Petroleum Corp., parent of the state-run oil and gas giant PetroChina, announced Wednesday that it had received a low-interest $30 billion loan to finance overseas acquisitions — the latest sign that Beijing was deploying its vast cash reserves to ensure that its economy has the resources to keep growing."

"Only 12% of U.S. homeowners eligible for loan modifications under the Obama administration’s housing rescue plan have had their mortgages reworked, and millions more foreclosures are coming, the Treasury Department said Wednesday."

That puts the Dutch with Sweden, France and Germany. The US and UK are opposed.

Some have actually been denied care. This is heartbreaking.

"It is crazy nonsense. Even if everything that the truthers say were factually correct, Barack Obama was the son of an American mother, which means he is a natural born American citizen."

After stirring up their own country, the German blogger elite has launched an international version of their Internet Manifesto in English. Fifteen authors of Germany’s most popular blogs have signed a declaration about How journalism works today.

"By relating subtle eye movements to activity in the brain, researchers in California have shown that a structure called the hippocampus can retrieve memories of past events or experiences – even when people have no conscious recollection of them."

Duke University scientists have discovered a part of the brain that sparks a desire to explore.

This article argues that the illegality of drugs is the problem, not the solution due to statistics on decriminalisation.

To enable it, just hit up the Labs link in Gmail, find the Google Voice player in mail feature, click enable, and save your changes.

We’re talking 64 gigs for the top-of-the line device. Nice

All of the Apple announcements are very cool. Apple knows how to work the media for maximum exposure.

Some wicked new features for iTunes announced at today’s Apple event like Home Sharing, Improved Syncing, iTunes LP and more.

The iPod classic is dead. I was just arguing with my friend Judith last Friday that this was going to happen.

Distraction of the Day: Heidi Fleiss goes clean in Vegas