Links, 8/17/11

I guess it takes a lot of smart kids from other countries to show us what assholes Hershey is–and to teach us about solidarity.

I assume you’ve already read the Matt Taibbi piece revealing that the SEC has been destroying records of its preliminary investigations, effectively giving serial problem corporations an apparent clean bill of health. If you haven’t read it, go do so. But you should also read Felix Salmon on Taibbi’s piece; he points out that while the traditional media is discussing Chuck Grassley’s response to the story, most are not pointing back to Taibbi’s own article describing what it’s all about.

I’ve seen predictions the student loan bubble was going to crash for some time–even before it became clear that recent graduates aren’t getting jobs. That crash is getting much closer, as delinquencies rise.

After the Knights of Columbus got bullied to accept the $8.5 billion settlement with Bank of America, the trustee, Bank of NY Mellon blew them off. So now the KoC have expanded their suit challenging the settlement, including breach of fiduciary duty, based on claims BNY Mellon botched the foreclosures.

Blackwater: still spying in Afghanistan.

This is actually a sweet story. A Chinese-American businessman named ZhaoHui Tang saw Gary Locke in the Seattle Airport on his way to his new job as Ambassador to China. Locke was carrying his own knapsack, buying his own Starbucks coffee. So Tang took a picture and posted it to a Chinese social media site, where it was a big hit because it showed Locke in such a down-to-earth light.

A few weeks back, Joe Klein reported that Obama was reading Nixonland. At the time, I saw Rick Perlstein tweet that he hoped Obama took the right message from the book. Here’s Rick explaining what that message should be (the answer? emphasizing how Democrats have helped real people).

Lee Fang reports that the Darrell Issa staffer who probably wrote a letter complaining about margin requirements for derivatives used to work for Goldman Sachs.

Rortybomb has the best post on the “Texas miracle” I’ve seen. Short version: it didn’t have a housing bubble and therefore hasn’t deleveraged like similar states. I still think you have to add in the oil industry (not least to distinguish TX’s success from OH, MI, and PA’s woes in that very first graphic.

Tweet about this on Twitter1Share on Reddit0Share on Facebook1Google+0Email to someone

23 Responses to Links, 8/17/11

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23

Emptywheel Twitterverse
bmaz Good for the UofA Wildcats. Nice win to open the season. Of course that will NOT be happening at end of November the Sun Devils come to town
5hreplyretweetfavorite
bmaz @ThePietzLawFirm @steveglista @GregoryMcNeal @NYDailyNews If you have evidence Laird did not shoot the pier, please post it.
6hreplyretweetfavorite
bmaz @ThePietzLawFirm @steveglista @GregoryMcNeal @NYDailyNews Several other news orbs I saw did the same; I picked that only because of video.
6hreplyretweetfavorite
emptywheel @steveglista I do. Mr EW wants to go too. What time will you be up? @grmakerfaire
8hreplyretweetfavorite
emptywheel RT @ddayen: My story on CA unions killing campaign finance disclosure, from @Salon this week: http://t.co/HQ38zZLvVm
10hreplyretweetfavorite
JimWhiteGNV Roll Tide! RT @NaphiSoc: and the NRA Parents of the Year AWARD goes to..... #UniteBlue http://t.co/01vqJUsEZd
10hreplyretweetfavorite
emptywheel @chinahand Why didn't Argentina think of that? Oh wait. Only likely invader was the UK.
10hreplyretweetfavorite
emptywheel RT @chinahand: Seems Kyiv cannily assuming levels of indebtedness that wl compel West 2 support it unconditionally as its financial ward.
10hreplyretweetfavorite
emptywheel RT @barryeisler: Is there one for the US? RT @BrilliantMaps: The 22 countries the UK has not invaded http://t.co/7eCxQ2ZfSA
10hreplyretweetfavorite
emptywheel @Mario_Greenly My point is simple. A commander who claims not to have checked seized devices in 8 mos is lying. Very simple @dr_davidson
10hreplyretweetfavorite
emptywheel @Mario_Greenly Calling the laptop obviously dubious. Not doubting @HaraldDoornbos @jenanmoussa reported what they were told. @dr_davidson
10hreplyretweetfavorite
emptywheel @dr_davidson Times like this you look for the way to monetize such predictions. http://t.co/ukhGIUZESv
10hreplyretweetfavorite
August 2011
S M T W T F S
« Jul   Sep »
 123456
78910111213
14151617181920
21222324252627
28293031