Day January 17, 2008

Antiwar movement on hold

The US antiwar movement has apparently managed to have a spectacular circular firing squad, as witness the collapse of agreement about having an antiwar march in DC on March 15. ISO details the players and the history. United for Peace…

Oopsie

Iran’s international trade has grown dramatically since the imposition of US sanctions against Iran in 1987.

How drug cartels launder money

The WSJ has a superb investigative article on how South American drug cartels launder drug money from Europe. It comes back to South America in large denomination euros that is then often channeled into the US via foreign-exchange companies. Hundreds…

Mortgage defaults

Even among upper-income buyers, 54.4 percent of blacks and 48.9 percent of Hispanics used high-cost loans. By contrast, just 16.4 percent of higher-income white buyers received such loans. Were the mortgage agents overtly racist? No, probably not. But this does…