News Links 01/28/2012

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  • Greece plans an orderly exit out of the Eurozone according to two sources close to Mr. Papademos, Greek Prime Minister, who spoke on condition of anonymity earlier today.

    tags: greece currency euro

  • If you were an executive living in Belmont in 1960, income inequality would have separated you from the construction worker in Fishtown, but remarkably little cultural inequality. You lived a more expensive life, but not a much different life. Your kitchen was bigger, but you didn’t use it to prepare yogurt and muesli for breakfast. Your television screen was bigger, but you and the construction worker watched a lot of the same shows (you didn’t have much choice). Your house might have had a den that the construction worker’s lacked, but it had no StairMaster or lap pool, nor any gadget to monitor your percentage of body fat. You both drank Bud, Miller, Schlitz or Pabst, and the phrase “boutique beer” never crossed your lips. You probably both smoked. If you didn’t, you did not glare contemptuously at people who did.

    tags: society wealth-gap

  • All Central Bank Balance Sheets Are Exploding Higher, Or Engaged In QE. The degree to which central banks around the world are printing money is unprecedented.

    tags: money central-banks

  • tags: sports

Posted from Diigo. The rest of my favorite links are here.

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