Monday, May 31, 2010

"Inside Europe - Defending the Euro Is More Than an Economic Issue" - NYTimes.com

This is a good analysis but it still omits the European people on whose support all governments rest, including France and Germany. There is a limit beyond which those populations will not allow their leaders to go and I contend that what has been staked out in austerity measures already - and more to come - will push them over that line. Why is no one talking or writing about this limit? If I have its placement wrong, I'd be happy to hear another person explain it to me, but the idea of the limit is pretty hard to dismiss and everyone needs a better idea of just where that may be or unanticipated events will define it for us.

"Europe’s Banks at Risk From Slower Growth, E.C.B. Says" - NYTimes.com

"BBC News - German President Koehler quits amid row over military"

This is simply - in my view - a further reflection of how vulnerable European governments find themselves at this time. There is an uninformed assumption that somehow Europe and European nations are a bureaucratic blob capable to doing that which they are forced to do because either economists think it is the right thing or they are pushed to do so by other countries and institutions. That is not the case. So much of Europe's ability to deal with the financial crisis is, ultimately but not remotely, dependent upon governments that are themselves dependent on democratically-obtained support. It is that support that is at greatest danger today.

Sunday, May 30, 2010

"Web Start-Ups Making Deals for Users’ Private Data" - NYTimes.com

"As Deflation Looms, E.C.B. Keeps Its Eye Firmly on Inflation" - NYTimes.com

"Latest oil spill developments" - CNN.com

This is a good approach - summarizing latest developments. It's too bad that they don't promise to keep this up-to-date. I still cannot understand why one news organization or another - as opposed to Wikipedia - does not decide to do this.

Tuesday, May 25, 2010

"Facebook After Death" - Motherlode Blog - NYTimes.com

This headline caught my eye as my battle to retrieve or delete my Facebook accounts continues, unresolved. What has happened since my last post is that the formal complaint I filed with TRUSTe resulted in a ruling in my favor and an "order" to Facebook to fix the problem prior to the end of today. So far, that has not happened, and so I have this at least momentary vision of my Facebook page living on well after I have gone with no one able to change a thing! This is great news, for example, but only if you can get to the controls for your account, something that Facebook has deprived me of doing - without any explanation - for months.

"Wall Street Slips Lower and Euro Weakens" - NYTimes.com

"Wall Street Tumbles Along With Europe and Asia" - NYTimes.com

"Italy Set to Announce $29 Billion in Budget Cuts" - DealBook Blog - NYTimes.com

"Time Flies?" - Freakonomics Blog - NYTimes.com

I say yes!

"Britain’s New Government Facing Big Hurdles" - NYTimes.com

"Debt Rising in Europe - Map" - NYTimes.com

"Op-Ed Columnist - Toilets and Cellphones" - NYTimes.com

Monday, May 24, 2010

"BBC News - IMF raises fresh concerns about the Spanish economy"

"Italians Fear Following Greece Into Debt Crisis" - NPR

"Media Behaving Badly" - MediaFAIL

One has to imagine a book titled "An Impartial History of the War of Northern Aggression" written by a Southern plantation owner. If such a book exists, I bet its author thinks just as aggressively that he or she is telling the truth -- as opposed to what others are reporting. It will be interesting to see if this veers toward truth in some objective way or toward the predilections of the site's operators. I am not optimistic it will be the former.

"The Media Equation - News Sites Look Beyond Grants" - NYTimes.com

It's not going to work, in my view.