News from around the web: 2009-07-20

  • The Best Bank You’ve Never Heard Of –

    "If you aren’t familiar with Banco Santander yet, you soon will be. The Spanish giant is becoming one of the most profitable banks in the world."

  • CIT near to sealing rescue package – FT

    I guess there are no CDS players blowing this up

  • Porsche boss to get 175m golden parachute

    Wiedeking makes off with 100 million euros.

  • UK: Recession forces a million to work part-time – Telegraph

    "The latest statistics indicate that, between March and May this year, a record 927,000 individuals were working fewer than 30 hours a week because they could not find a full-time job, a rise of 38 per cent on last year."

  • Iceland in key step to restructure banks – FT

    Foreign ownership will be a part of this.

  • 81-year-old qualifies for NASCAR West series race – NASCAR – Yahoo! Sports

    "Hershel McGriff has become the oldest driver to take part in a national NASCAR series race after qualifying for a Camping World West Series event at Portland International Raceway."

  • Marijuana First, Then the Oil |

    Marijuana is big business in Cali. Is this a potential source of revenue?

  • The Big Mac index: Cheesed off | The Economist

    Burgernomics points to uncompetitive currencies in continental Europe"

  • Roach: Financial Crisis Isn’t Over – Moneynews

    CIT clearly demonstrates this.

  • Will Google Voice deem mobile phone carriers as simply data pipes? – The Next Web

    Google Voice will make the legal battle about what telephone companies can and cannot restrict or prioritize very real.

  • Rapper 50 Cent cuts price of house for second time – Telegraph

    Even 50 Cent is downsizing. But his house is 50,000 sq. ft. That’s absurd. Hat tip Max Keiser.

  • Michael Jackson at 40

    Back in 1985, we see what Jackson would have looked like at 40.

  • Freire pushed air-rifle pellet out of his leg – Cycling – Yahoo! Sports

    A racer gets shot during the Tour de France. Crazy.

  • They Got Some ’Splainin’ to Do – Frank Rich

    Sotomayor hearings as ‘Alice in Wonderland’

  • The Fancier The Cortex, The Smarter The Brain?

    Introducing ‘cognitive plasticity’ and its connection to experience and brain complexity

  • Why Winning Athletes Are Getting Bigger

    Winning athletes are getting bigger much faster than the rest of the population. Why?

  • Economist’s View: "The Most Misunderstood Man in America"

    Why has Joe Stiglitz been PNG’ed in Washington?

  • Review of Ferdinand Pecora’s "Wall Street Under Oath" – naked capitalism

    Views on 1930s investigation into financial services

  • Five questions for Robert Reich | Free exchange |

    We get a good overview of Reich’s views on health care, housing and more.

  • Why We Must Ration Health Care –

    A must-read piece on health care. Hat tip Mark Thoma.


    Distraction of the Day: Pyramid Economy

  • About 

    Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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