News from around the web: 2009-07-29

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  • Rio Tinto executive arrested in China ‘was protester in Tiananmen Square’ – Telegraph

    worked for a state-run company, was forced to quit over Tiananmen Square.

  • Harvard Professor Says Some Stupid Things – 538

    Differences between single payer and socialized medicine.

  • If a bank is too big to fail, it must be broken up – Telegraph

    None of the planned banking reforms protects the financial system, argues Irwin Stelzer.

  • Deutsche Bank sees profits rise – BBC News

    Deutsche has survived pretty well.

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  • They used to call it ‘frontrunning.’ Now it’s called ‘innovation.’ – Lynn Parramore

    Is Goldman frontrunning via high frequency trading?

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  • China’s New ‘Great Wall’ Built on Easy Money, Speculation and Toxic Debt – Barry Ritholtz

    Good video.

  • Financial Armageddon: ‘Difficult to Recall a Greater Example of Wishful Thinking Combined with Hubris’

    Queen Elizabeth II gets an explanation of why finance collapsed.

  • Bashing Goldman Sachs Is Simply a Game for Fools: Michael Lewis – Bloomberg.com

    High comedy.

  • Is Goldman Sachs Evil? Or Just Too Good? — New York Magazine

    The best new expose on Goldman. To be fair, it does have an anti-Goldman slant which displays a bias. Goldman profited immensely from saving AIG and the conflicts of interest for government officials with Goldman interests were large. Nevertheless, everyone else profited as well – except of course Lehman. Oops. To me, Goldman is just a useful target to represent ‘Wall Street.’ There are numerous good points in this piece, however, which demonstrate that GS could have gone the way of Lehman as well.

  • Apple Is Growing Rotten To The Core: Official Google Voice App Blocked From App Store

    Apple have always protected their rights but…

  • Distraction of the Day: William Shatner reads Palin’s farewell as poetry

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