The good folks at GOOD have produced this graphic to show government subsidies for different energy sources: The goal, as GOOD describes it, is to show how government policies “favor some types of energy over others, giving our country a skewed sense of what each gallon of gas or wind-powered […]
Outlook
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The key moment in this chart is in 2008, when the red ‘All Other’ goes negative. That means that there was no money available in the private sector to fuel business activity. From Global Macro Monitor: If, as the President says, ‘the flow of credit is the lifeblood of our […]
Volkswagen’s Fun Theory Award is dedicated to the idea that “fun is the easiest way to change people’s behaviour for the better.” This year’s winner, Kevin Richardson, came up with a brilliant approach to lowering driving speeds that was actually turned into reality on a Stockholm throroughfare. Richardson’s idea was to […]
Another good effort to visually explain the credit crisis that led to the 2008 meltdown, but I think Jonathan Jarvis’ The Crisis of Credit retains its crown as the top animation for this all important story.
On the interior, a fabric twenty dollar bill is printed permanently inside so the owner always has money. via » about | Is Not Broke Recession Proof Wallet Co..
The New York Times Magazine published a big Roger Lowenstein cover piece on JP Morgan CEO Jamie Dimon. Some reactions: Simon Johnson: “in every significant detail it confirms that Mr. Dimon is now – without question – our most dangerous banker.” My biggest problem with Lowenstein’s piece is that he never […]
Behind B1 U.S. Pursues Sweeping Insider-Trading Probe [WSJ] – “could eclipse the impact on the financial industry of any previous such investigation” Gus Lubin: “If the charges stemming from this probe have the same scope as the probe, it will shake Wall Street to its core.” NY Post: “the probe could […]
You’ve heard about the pending European bailout of Ireland – but why is happening now? CNBC’s John Carney asks “why would the Eurocrats demand a bailout of Ireland when Ireland insisted it didn’t need one?” It has more to do with their immediate needs than Ireland’s:
Find the time for John Cassiday’s lengthy New Yorker feature that asks if Wall Street adds any real benefit to society, given that “[f]or years, the most profitable industry in America has been one that doesn’t design, build, or sell a single tangible thing.” Cassiday quotes anonymous econoblogosphere star The Epicurean Dealmaker, […]