Category: Economics

Overheard on Short Screen

A smattering of recent posts on the Short Screen message boards:

Hesperian: China pulling a fast one on the markets? , Another reason to be wary of China, Stay Away from Boats.
Shana: Please recommend Three Books or major blogs [for a young investor]
Eric: BP: Done bleeding or still room to drop?
Yarek: Cruise Lines and Timing.

Simonsboss: [...]

A few thoughts on BP

1) The way Congressional Representatives badgered BP CEO Tony Hayward last week was not Congress’s finest moment.
2) Last week’s $20 billion arm-twisting wasn’t this White House’s finest moment either.
3) BP Chairman Carl-Henric Svanberg has been subjected to ojust behandling by monolingual Americans imputing bad intent to his use of the unidiomatic expression “small [...]

Ugly economic chart of the day

Actually, this was posted by Geoff 10 days ago, but I just saw it today (HT: Eric Falkenstein):

The WPA of today

From the pseudonymous blogger Trumwill, currently working as a Census courier in a Mountain West state, “The Skewing Census”:
There was recently some news about unemployment numbers that looked good at first glance. 430k new jobs! Woohoo! This qualifies for good news these days! Then, of course, we find out that 410k of those jobs are [...]

Reminded by an automated e-mail

Today I received this e-mail from Portfolio Armor, which reminded me of a couple of things:
Dear Dave Pinsen:
Your puts on the position(s) below are going to expire within a week. You may want to buy new puts on the security before the current puts expire. Please log into Portfolio Armor to determine the optimal puts [...]

Glenn Reynolds realizes there’s an education bubble

In Sunday’s Washington Examiner, the Instapundit writes an essay titled, “Higher education’s bubble is about to burst”. Longtime readers will recall we first blogged about this on the old blog in October, 2008: “The next bubble to burst in the deleveraging process: higher education?”.

Chinese are dying to make your iPads

Fortune reports, “Foxconn’s 11th: Death by exhaustion”:
Hong Kong-based SACOM (Students & Scholars Against Corporate Misbehavior) has added fresh details to another death — the 11th this year — among the 420,000 workers at Foxconn’s massive factory complex in Shenzhen, China.
[...]
SACOM has picked up the cause of Yan Li, 27, an engineer who started at Foxconn [...]

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