At the Corner of 21st and Euclid - 7/31/2012
Here's what we're following this morning:
(via Dangerous Minds)
Bill Gross thinks the Cult of Equity is dying - PIMCO via Zero Hedge | "Gen X and Y believe in Facebook but not in its stock."
Israel's plan for Syria - Counterpunch | Once again, we see Israel as the destabilizing agent in the region. Not to say that all/most countries don't have some level of culpability; it's just that some are readier to accept short-term risks for long-term gains. Sounds like our upcoming November elections.
Copayment for medicines in Spain pushes up inflation to 2.2% in July - El Pais | Let's see here: lower production, lower unemployment, higher costs, higher debts, fewer chances. Sounds like a real contender for ECB bailout dollars.
Trickle of LIBOR lawsuits from rate-fixing scandal likely to become deluge - The Washington Post | I'm sure the settlements will all mention the ever-famous "No admission of guilt."
Keeping the World Trade Organization busy while Doha is stuck - VoxEU | China feels that a huge share of its population has not yet benefited from its open economy policy and that it still deserves some special treatment under current WTO rules. If you hated NAFTA, you're gonna love the new WTO.
Facebook's ad model might be a scam - Limited Run via Naked Capitalism | Imagine that: a business model that everyone knew wouldn't work actually doesn't work.
Congress wants to see Obama's "license to kill" - Mother Jones | But wait, there's more! At the urging of Valerie Jarrett (remember her?), Obama cancelled the operation to kill bin Laden on three separate occasions before finally approving the May 2, 2011 SEAL mission.
Taibbi and Spitzer on Sandy Weill, Romney, LIBOR, and Geithner - Jesse's Cafe Americain | The sad part is, these jokers can still walk around like big-shots and STILL be given a public platform AND taken seriously when they speak.
Jobless generation puts brakes on US - Financial Times | The share of American 18- to 24-year-olds who were employed fell to 54% last year. This is the lowest since the Department of Labor began tracking data in 1948. The jobless rate for those 16-to-24 is above 16%, more than twice the national (yet oh-so-fabricated) rate. And guess what? These people have no problem becoming active if things aren't fixed.
Think Heath Ledger made up that whole Joker schtick? Think again. - Boing Boing