"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
After reciting a litany of horrifying statistics, Newgeography ends with a surprising conclusion. The reality is that the country achieved astounding economic and social progress since World War II. The reality remains that even after the losses we are not,…
If police crack down on the coming worldwide protests triggered by the recession, it will inevitably lead to the formation of global guerrilla groups, says John Robb. Of course, he expects this is precisely what will happen.
Protesters clash with police in London in January over Israel’s action in Gaza. Photograph: Peter Macdiarmid/Getty Images Police are preparing for a “summer of rage” as victims of the economic downturn take to the streets to demonstrate against financial institutions,…
From Wired. In 2000 a brilliant quant named David X. Li devised a mathematical formula called a copula function that got widely used by Wall Street to model risk. Li came up with an ingenious way to model default correlation…
Citigroup had its original birth with Sanford Weil buying degenerate, bottom-feeding subprime companies in the South that preyed on the poor and illiterate. Far as I can see, they’re still the same old girl they used to be. Now their…