- Growth Is Not an Easy Solution for Europe’s Woes – Megan McArdle – Business – The Atlantic
the euro itself is a major contributor to the lack of growth. Italy and Greece, especially, used to rely on serial devaluation to keep their relatively low-productivity tradeable sectors competitive. Do we have a way to dramatically increase productivity in their small, family-owned farms and firms?
- Gingrich calls Palestinians an ‘invented people’ – FT.com
Newt Gingrich, the Republican presidential contender, dismissed the Palestinians as "an invented people" in an interview on Friday, raising the prospect that he would break with bipartisan support for a two-state solution to the Israeli-Palestinian conflict.
- Finally, A Rich American Destroys The Fiction That Rich People Create The Jobs
Rich people don’t create jobs. Our economy creates jobs.
- Police evict ‘Occupy’ protesters in Boston – MarketWatch
Police on Saturday removed an anti-Wall Street encampment in Boston’s financial district, arresting 47 in one of the last major U.S. cities where Occupy demonstrators had not yet been evicted, according to media reports.
- Obama: jobless rate may fall to 8% by election – MarketWatch
President Barack Obama thinks the U.S. unemployment rate could fall to 8% before the presidential election in November, according to a partial transcript of an interview to be broadcast Sunday Night.
- Le Figaro – Conjoncture : Le jeu dangereux de David Cameron
Son agenda est compliqué par la situation politique explosive dans sa majorité conservatrice à Londres. Il profite de l’occasion pour clamer haut et fort ses frustrations contre l’Europe.
- Oud-dictator Noriega door Frankrijk uitgeleverd :: nrc.nl
Manuel Noriega is vandaag door Frankrijk uitgeleverd aan Panama. De Panamese oud-dictator zat in totaal meer dan twintig jaar vast in de Verenigde Staten en Frankrijk en wordt in zijn vaderland opnieuw berecht in twee zaken waarin hij eerder bij verstek veroordeeld is.
- Google+ Introduces Automatic Face Recognition To Photo Tagging (But It’s Completely Opt-In) | TechCrunch
No, Google is not launching super-creepy facial recognition, so put those pitchforks down. But it is introducing a new feature to Google+’s photo app, which now makes it a bit easier to quickly tag your friends. It’s called ‘Find My Face’, and while the name leads me to recall scenes in the classic Nic Cage/John Travolta film Face/Off, it’s a feature that plenty of users will find handy.
- YouTube Acquires RightsFlow To Help Artists License Music And Make Money | TechCrunch
Launched in 2007, RightsFlow helps online music services, record companies, distributors and artists license music and lyrics while also managing royalty payments for the rights-holders. The company’s proprietary licensing technology and 30-plus million song database allows RightsFlow to license content, render accounting, and pay royalties on behalf of clients.
- Apple Made A Deal With The Devil (No, Worse: A Patent Troll) | TechCrunch
Over the last two years, Apple has been engaged in vicious legal battles over smartphone patents, many of which are aimed at squelching (or squeezing money out of) manufacturers of devices running Android. And now, for some reason, it has given valuable patents to a patent troll – which is using them to sue many of the top technology companies in the world.
- A Modest Proposal For Immigration: The $100,000 Green Card | TechCrunch
If being defined as "highly-skilled" outweighs the potential costs of immigration, wouldn’t the payment of an entrance tax deliver the same margin of safety? Let anyone under age 50 pay a $100,000 fee toward the retirement of the US public debt, satisfy the usual anti-criminal criteria, and get their green card. No quotas and no requirements to prove that their skills are "special" and "needed".
- Problem Solver: Bank fee makes teen overdrawn, resulting in more fees – chicagotribune.com
it had charged him a $9.95 "monthly maintenance fee" because his account had too little money in it. The $9.95 charge made his account overdrawn by $5.10, which triggered another fee. At TCF, any account overdrawn by more than $5 is charged a $28-a-day overdraft fee. The net result: a downward spiral. At $28 a day, the charges were adding up quickly.
- Stoltenberg: Norge må se østover – DN.no
Norsk næringsliv må vri oppmerksomheten bort fra Europa og over på Asia og Australia, mener statsministeren.
- Palestinians slam Gingrich as "ignorant" – CBS News
Palestinian official Nabil Abu Rdeneh on Saturday described Gingrich’s comments as "unfortunate" and called him "ignorant". The Palestinian prime minister, Salam Fayyad, demanded Gingrich "review history."
- PressTV – US mom denied food stamp, shoots Kids
An American woman has shot her two children before killing herself in a state welfare office in Texas after being denied food stamps for months.
- EU Treaty: Britain and the EU – timeline of relations – Telegraph
A timeline of Britain’s relations with the EU, as David Cameron vetoes key treaty change in Brussels.
- Zynga Says IPO Affected by Recent Offerings – Bloomberg
Zynga Inc. said the valuation it’s seeking in an initial public offering is 50 percent less than an August fair value estimate after it took into account recent IPOs that have underperformed.
- Number of the Week: Finance’s Share of Economy Continues to Grow – Real Time Economics – WSJ
Given everything that’s happened, surely the financial sector’s role in the economy is smaller now than it was before the recession hit, right? Wrong.
- Stephen Marglin Heterodox Economics: Alternatives to Mankiw’s Ideology – YouTube
Harvard prof says mainstream economists have a "faith in markets that is unshaken by any encounter with reality" WATCH http://t.co/h0YI8JGj!
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 in print and on television for the past decade. 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.