Credit Writedowns

In the ongoing series of posts on technology's threat to existing labor roles, Global Macro Monitor highlights this video on robot farmers.

Understanding the financial agreement within the context of that rivalry is more important than what it means for the future of the dollar as the world's more important reserve currency, invoicing currency and vehicle currency. Nor will…

Why Hasn't Safari Skyrocketed Like Chrome Has? | TechCrunch Some point to Apple neglect - since the App Store has been such a phenomenon, they're more inclined to throw resources at native work rather than web work, is the basic…

Yet another rescue plan for the EMU is making its way through central Europe—with the ECB acting as lender of last resort to Euro-banks. It is trying the tried-and-failed Fed method of rescue. As we now know the Fed lent and spent over $29…

The bottom line is that Italy is both too big to fail and too big to be bailed out, which is why it is still hanging dangerously in limbo-land. Since, as I argue in this article, some sort of restructuring or other is well nigh inevitable…

North Korea’s dear leader, Kim II, died a few days ago. His 3rd son is now in charge, as Kim III, Kim Jong Un (pictured). There is no better time to talk about North Korea than now, as evidenced by some timely expert opinions. So it’s time…

Links for 24 December 2011

FT Alphaville » Are western central banks having an existential crisis? David Wessel over at the Wall Street Journal has followed up on a story FT Alphaville has been covering for a while. That the world economy is running out…

Great data from the BLS comparing hourly compensation for manufacturing. The second chart looks at the benefits component of the hourly cost.

US dollar is softer vs. majors Friday as markets head into holiday mode; sentiment improving a bit in the absence of any major negative euro zone developments. France Q3 GDP revised weaker, Italy confidence lower than expected; euro zone…