links for 2007-08-30

• RGE – Are We at The Peak of a Minsky Credit Cycle?
  It is always risky to call an equity market peak and the beginning of a bear market in equities; so I will not try to do that. But leaving aside equity valuations, it increasingly looks like we are at the peak of a credit/debt cycle, in the US and globall
  (tags: economics economy finance finances usa)
• A sobering census report – International Herald Tribune
  What is perhaps most disturbing is that it appears this is as good as it’s going to get. Sputtering under the weight of the credit crisis and the associated drop in the housing market, the economic expansion that started in 2001 looks like it might enter
  (tags: economy recession US housing unemployment health+insurance)
• S&P/Case-Shiller home price indexes shows record annual decline for Q2 – Forbes.com
  ‘The pullback in the US residential real estate market is showing no signs of slowing down,’ said Robert Shiller, chief economist at MacroMarkets which computes the index.
  (tags: housing real+estate meltdown subprime economy loss)
• Salt Lake Tribune – Supremacist gets 20 years for bank heist
  “You have turned this courtroom into a cesspool,” Gregory told the judge. “What has occurred in this courtroom has been a travesty of justice. I want you to be assured there will be retribution.”
  He added that he would like to be the one to “visit rev
  (tags: stupidity racism white+supremacy judicial law bank+robbery terrorism)
• Black Contractors Say They’re Excluded – News Story – WDSU New Orleans
  Black contractors who claim they’ve been frozen out of New Orleans’ rebuilding are calling on Congress and federal prosecutors to investigate the Army Corps of Engineers and the Federal Emergency Management Agency.
  (tags: contractors race neworleans katrina FEMA corruption)
• Fresh Off Malaysian Triumph, DVD-Sniffing Dogs Tackle New York – City Room – Metro – New York Times Blog
  At City Hall Park this morning, the association’s chairman and chief executive, Dan Glickman, showed off two black Labradors, Lucky and Flo, that have been trained to sniff for DVDs.
  (tags: DVD dogs MPAA wtf piracy)
• Pandagon :: I was lost but found by the spoil-the-rich philosophy :: August :: 2007
  Republicans who continue to trot out the tired “Nanny State” line are playing a little language game—it sounds like the authority is the problem, but it’s more that the authority has to be feminized that is the problem. Daddy With A Belt State is
  (tags: wingnuts small+government neocons)
• Recruits Sought for Porn Squad
  “I guess this means we’ve won the war on terror,” said one exasperated FBI agent, speaking on the condition of anonymity because poking fun at headquarters is not regarded as career-enhancing. “We must not need any more resources for espionage.”
  (tags: articles censorship christian christians crime fbi fundamentalists gonzales government internet law pornography sex politics)
• Operation Eden: Two Years On And Counting
  Two years today. No new words of wisdom. I’m much shallower than I was then, but swimming in the deep end. I’ve rededicated myself to making as much money as I can while still trying to retain some residual soul. I want to make as much money as I can beca
  (tags: katrina photography)

~ by SAP on 30 August 2007.