david: Inception was awesome. How does a bloody tampon wind up in the aisle of a theater? It was that awesome.
Outlook of the World by John Taylor (Hedge-Fund FX...
China is bust by the end of this century (overcapacity), Greece will default but no CDS is valid (study from some law profs) , The world is slipping back into recession (obvious, look at the bond yields from Germany, USA, Japan, UK - it is already priced in), We have war, economic warfare (more apparent since CHF central bank intervened publicly). (via)
Even a drop in the unemployment rate, from 9.7 percent in May to 9.5 percent in...– Editorial - Help Needed for the Economy - NYTimes.com At least one is writing about the truth.
A company (Transocean) who conducts business in... →
The Senate Finance Committee on Wednesday announced that it was investigating whether Transocean had exploited tax laws by moving overseas to avoid paying taxes in the United States. Efforts to curtail the tax breaks are likely to face fierce opposition in Congress; the oil and natural gas industry has spent $340 million on lobbyists since 2008, according to the nonpartisan Center for Responsive...
Free Speech is now illegal on the beaches of the... →
Reinhart and Rogoff observe that following systemic banking crises, the duration...– John Hussman (via mattlehrer)
Poem about the state of the America. (Marketplace Minute for 7/2 (via)) TEXT OF POEM We were gonna pay for financial reform with a tax on the banks, who created the storm. Instead, the money will come from — I swear — the bailout fund. ‘Cause that seems fair. The recovery is tiring. Nobody’s hiring. Something wrong with Toyota’s wiring. Let’s see … ...
The trouble with the world is that the stupid are cocksure and the intelligent...– Bertrand Russell (Via Arni) (via gadgetgirl81)
Sen. Harry M. Reid building war chest by tapping... →
What money can buy you. A lot.
Startups are primarly competing against indifference, lack of awareness, and...– Competition is overrated cdixon.org – chris dixon’s blog (via hiten)
entrepreneuradvocate: “Institutions will try to preserve the problem to which they are the solution.” - Clay Shirky
A car is not merely a faster horse. And email is not a faster fax. And online...– Seth Godin (via azspot)
Bloomberg & Murdoch Pair Up On Immigration Reform. Visas and Green-cards for Entrepreneurs who want to build their company in America, thus creating jobs. “USA want DOERS”
Continuations: Big Victory for Google and UGC in... →
Yesterday, a judge granted YouTube’s Motion for Summary Judgment in the Viacom v. YouTube litigation. This is a major victory for all user generated content (UGC) companies because it strongly affirms the DMCA safe harbor. Congrats to David Drummond and the legal team at Google. Given that…
California is not Greece. But but not talking... →
The obligations of state and local governments have doubled in the past decade, to $2.4 trillion, according to a recent Federal Reserve report, a figure that excludes more than $1 trillion in unfunded pension and retiree health-care liabilities. Generally, economists are not alarmed by increasing government debt during recessions because it stokes much-needed economic activity. But this time,...