Month July 2011

Circular logic from the ECB on Greek debt

The ECB will loan money to Greece, even in the event of a default, because wobbly Greek bonds will be guaranteed by EU member nations. These would be the very same nations the ECB is presumably borrowing money from in…

OMG. A debt deal, who could have thought

Just as we predicted: $2.5 trillion debt ceiling raise, no real spending cuts, and no real tax hikes. But the soap opera sure was fun. Fun perhaps, but completely unnecessary. Apparently it is too much to ask that our supposed…

Google+ gaining momentum

Google has acquires a social networking company specializing in group management. “You can guess what’s next for Google+”, says Leo LaPorte (on Google+, of course) Comment by Brian Turner Sounds like a nice acquisition by Google. Let’s see where it…

California inmates on hunger strike

Prisoner hunger strike at Pelican Bay The strike started at the Special Housing Unit at Pelican Bay where conditions are so brutal that some human rights groups call it torture Media ban imposed as California prison hunger strike enters 4th…