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It’s Wall Street’s turn to bolster confidence

Ask not what the taxpaying public of your country can do for you, but what you can do for for your country.. and the taxpaying public. Steven Pearlstein on the (lack of) leadership on Wall Street In putting several trillion dollars in government funds on the line, the country has now done just about everything […]

The semicolonial state of San Serriffe

Because we need a giggle. And it involves maps. And typography. What could be better? [via Making Light]

Market crash, shuttle crash, Richard Feynman

Shedding light on the failure of extremely complex systems: Megan McArdle posts an excerpt from the Feynman appendix to the Challenger crash in order to shed light on the difficulties. Feynman speaks of the culture inside NASA that led to overestimating chances of success and underestimating chances of failure. Hmm. Ed Tufte, in his book […]

Maybe Wall St. banks will forego being bailed out?

That’s what’s suggested in this Guardian article. Curtailing CEO pay/golden parachutes has some executives examining how to go it alone. Sources close to Goldman Sachs and Merrill Lynch indicated the banks might choose not to participate in the bail-out as there is a growing view on Wall Street that the market may be bottoming out. […]

Rolling Stone's John McCain bio article

Rolling Stone’s John McCain bio article

Make-believe Maverick. A look at the life and influences of John Sidney McCain III. Bellicose. National Pride first. Militaristic. Be sure to read into the Navy Brat/Trial by Fire section, that tells the story of what happened in the Gulf of Tonkin aboard the USS Forrestal. This is the story of the real John McCain, […]

Must listen show: This American Life tackles the economic meltdown

From the great NPR–TAL collaboration that brought you The Global Pool of Money, comes a much-needed update show about What The Hell Just Happened. Or, as they title it, Another Frightening Show About the Economy. Tho I’ve been reading here and there about breaking the buck and Credit Swap Derivatives, I found myself getting it […]