Friday
Bloomberg.com: News
Bloomberg.com: News: "Bernanke is basing hundreds of billions in emergency lending on credit ratings from companies that gave AAA grades to toxic securities."
Thursday
UAW busting, Southern style - Los Angeles Times
UAW busting, Southern style - Los Angeles Times: "When one compares how the auto industry and the financial sector are being treated by Congress, the double standard is staggering. In the financial sector, employee compensation makes up a huge percentage of costs. According to the New York state comptroller, it accounted for more than 60% of 2007 revenues for the seven largest financial firms in New York.
At Goldman Sachs, for example, employee compensation made up 71% of total operating expenses in 2007. In the auto industry, by contrast, autoworker compensation makes up less than 10% of the cost of manufacturing a car."
At Goldman Sachs, for example, employee compensation made up 71% of total operating expenses in 2007. In the auto industry, by contrast, autoworker compensation makes up less than 10% of the cost of manufacturing a car."
Sunday
Friday
Matthew G. Kirschenbaum - Mechanisms: New Media and the Forensic Imagination - Neural.it :: media culture, hacktivism
Matthew G. Kirschenbaum - Mechanisms: New Media and the Forensic Imagination - Neural.it :: media culture, hacktivism: "offer a working model of immateriality via the implementation of a vast material cascade of affordances"
Jim Rogers calls most big U.S. banks bankrupt | U.S. | Reuters
Jim Rogers calls most big U.S. banks bankrupt | U.S. | Reuters: "government efforts to fix the sector are wrongheaded"
Center for Arms Control and Non-Proliferation: Comments for Programmatic Environmental Impact Statement on the Global Nuclear Energy Partnership (GNEP)
Center for Arms Control and Non-Proliferation: Comments for Programmatic Environmental Impact Statement on the Global Nuclear Energy Partnership (GNEP): "As nuclear terrorism remains one of the gravest threat to U.S. security, the United States should pursue policies that will reduce the stocks of plutonium, rather than produce additional plutonium"
Talking Points Memo | What Happened
Talking Points Memo | What Happened: "Democrats gave up efficiency and emissions standards."
Thursday
UnitedHealth to Insure the Right to Insurance - NYTimes.com
UnitedHealth to Insure the Right to Insurance - NYTimes.com Since innovative derivatives of other types of financial instruments are working so well.
Monday
Sunday
What Obama Has to Look Forward To
What Obama Has to Look Forward To and the Bush regime still has a month to go.
Saturday
Meltdown weakens NYC as global financial capital - Yahoo! News
Meltdown weakens NYC as global financial capital - Yahoo! News: "It's going to be a long, slow process and take many years for us to really restore our leadership in the world,' said Ron Chernow, who has written extensively on the history of Wall Street. 'New York has been damaged, and some of it I think is permanent."
Tuesday
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