Enough with the Raspberries - 7/10/2012
Here's what we're following this morning:
(via Dangerous Minds)
PFG Best is MF Global Part Deux - Zero Hedge | When will "segregated" start to be replaced with "stolen"? Rest assured, however, because Your Favorite Bank is the holding bank for PFG. More color here on the PFG Best issue from Jesse's Cafe Americain.
Beyond Nuclear Denial - TomDispatch | There was a time when nuclear weapons were a significant part of our national conversation. Now, the only nuke that Americans hear about is the one that doesn't [yet] exist: Iran's. Besides, who needs nuclear weapons when you have CDS?
Investment bankers can't be bothered to pay attention to their piddly 401(k) accounts - Dealbreaker | Even though the average Goldman Sachs salary last year was $347k, the average Goldman Sachs 401(k) balance is $140k. Perhaps they're too busy raping and pillaging the planet to have time for diversification.
Eurozone draws up Spanish aid blueprint - Financial Times | More stress tests? Excellent. Because they're always such a good indicator of future results. They'd be better off using THESE blueprints.
Gold may have been manipulated like LIBOR - CNBC via Jesse's Cafe Americain | With 100:1 leverage and volumes in excess of world production, who wouldn't want to manipulate these markets?
Municipalities turn defiant with Wall Street - Naked Capitalism | The headline that formed the basis of this piece was "Oakland to Goldman: Drop Dead." You can see where this is going from there. Funny how it's okay in our society to break contracts with individuals over their pension funds but not with financial firms.
The Army is changing its clothes (and is admitting it picked the wrong shade of taupe) - The Daily | "Soldiers have roundly criticized the gray-green uniform for standing out almost everywhere it's been worn." They just needed to wear the uniform in an old Intellivision game, that's all.
The only thing that can stop this asteroid is your liberal arts degree - McSweeney's | College presents a number of decisions. Hopefully, the next generation makes the right ones: there are a hell of a lot of asteroids out there.
The often grim atmosphere in assisted living facilities - Washington Post | "This is NOT your home. You just lease an apartment here like everybody else." With beliefs like that, what's NOT to like about the future of healthcare, assisted living, and the ACA?
Your TSA, hard at work - Boing Boing | Remember: your tax dollars help fund these operations.