Day November 21, 2007

Today’s gloomy economic news

The European Interbank Covered Bond Council has halted trading until at least Monday, and possibly until the new year, citing instability, widening spreads, and illiquidity. “Covered bonds are debt securities backed by cashflows from mortgages or public sector loans” but…

Nursing home scandal in CT

Kudos to the Hartford Courant for their three-part investigation of the hideously substandard care at Haven Healthcare. The state just suspended their admissions and is determining how many of the homes will be put into receivership. The CEO, it appears,…

Street “border check” theatre

Students at a Baltimore college erected a makeshift border fence between dorms and classrooms, and demanded that other students to provide a passport. If they couldn’t, they were told they couldn’t cross. In a refreshing change, campus security, who are…

Greenpeace co-founder is pro-nuclear power

Patrick Moore left Greenpeace in the 80’s over “ideological differences” and now co-chairs a pro-nuclear power coalition. The people who were most concerned about climate change were most opposed to nuclear power. Greenpeace is against fossil fuel, nuclear and hydroelectric…