Former IMF chief economist. Break up Wall Street

Teddy Roosevelt breaks up the trusts

Simon Johnson, former IMF chief economist, says the relationship between Wall Street and DC is too cozy. Clusterstock interviews him about the “two-way money-and-power corridor now running between Washington and the modern oligarchs Wall Street.”

Wall Street: “It’s Too Big, Too Powerful. It’s Dangerous” Simon argues that the [...]

Mashable: Google lagging behind Twitter search

For breaking news, like Stephen Hawking being ill, Twitter is superior to Google, says Mashable.

Google is the biggest entity on the Internet. It is synonymous with “search”. It feels like it’s been around forever.

It is also not able to compete with Twitter.

I’m not talking about being a little bit worse than Twitter. [...]

California may rule corn ethanol no solution to climate change

California regulators, trying to assess the true environmental cost of corn ethanol, are poised to declare that the biofuel cannot help the state reduce global warming.

If this happens, then the entire corn biofuel industry takes a massive body blow. However a spokesperson for an ethanol advocacy group says “you can’t really get to [...]

Gobbledygook and the European Union

Andy Carling muses on the language of politics, focusing on the impenetrable, deliberately vague verbiage favored by the EU.

Here’s an interesting word; ‘toilettage’. It doesn’t mean what you think, in fact it’s far worse. Toilettage is the process of minutely examining new laws and treaties to make sure there’s no errors in translation [...]

John Rich. They’re Shutting Detroit Down

I’m becoming increasingly annoyed by the elitist, condescending liberal response to the teabaggers. Yeah, the teabagger protests were a bit incoherent and some of the participants are loonies. It was the same way in the early days of the antiwar movement (some say it still is.) I know, I helped organize antiwar protests [...]

Temperatures soar to 82 in S.F. Bloggers gasp for relief

SFist

Dear God, make it stop.

The hellish weather will subside by Wednesday, with a slight chance of rain by Friday.

SF is a wondrous city. However, it doesn’t really have a summer and residents whimper when it gets above 75. But then, we lived in the San Fernando Valley one recent summer with [...]

Will Rep. Jane Harman become smoking rubble?

According to NSA wiretaps, Rep. Jane Harman ((D-CA) told a suspected Israeli agent she would lobby Justice to reduce espionage charges against two AIPAC officials. The agent agreed to help Harman become chair of the Intelligence Committee after the 2006 elections.

Seemingly wary of what she had just agreed to, according to an official who [...]

Another California city considering bankruptcy

Pacific Grove CA may follow Vallejo in filing a Chapter 9 bankruptcy. A primary reason is that CalPERS, the state pension fund, is facing huge losses and can force public agencies like Pacific Grove to make up the difference.

A judge recently ruled that the Chapter 9 bankruptcy by Vallejo gives them the authority to [...]

The Colbert Coalition’s anti-gay marriage ad

The Colbert Report Mon – Thurs 11:30pm / 10:30c The Colbert Coalition’s Anti-Gay Marriage Ad colbertnation.com Colbert Report Full Episodes Political Humor NASA Name Contest

“There is a storm coming, and pretty soon the winds are going to be blowing each other…”

[...]

No more appraisals on order

Starting May 1, Fannie Mae and Freddie Mac will not purchase mortgages that not not follow the new The Home Valuation Code of Conduct. This is more than just window dressing, the appraisals must be done through a third party agency and are payable in advance at a flat rate of $455. This should help [...]