Month December 2007

Globalisation is good for you

From Red Pepper Many socialists look to the state as the decisive instrument of social change. Nigel Harris argues that, on the contrary, nation states, with their priorities and resources focused on maintaining power through military might, hold back the…

The Ron Paul phenomenon

“Something’s happening here / What is ain’t exactly clear.” Ron Paul raised $6 million yesterday in the “most successful fundraising day in American political history.” Sure, it was geared as a massive one day fundraiser, but still, those numbers are…

Our server burped

The fine folks at Bluehost, our hosting service, quickly fixed the SQL problems and we’re back. Burps happen,  fixing them is what counts. I never have to wait more than a few minutes on the phone with them, and the…

Financial castles of sand

The Financial Times has a quite understandable, informative article about the collapsing shadow banking system and how it is impacting real banks and the financial world at large. How crazy did it get? Satyajit Das, an author and derivatives industry…