EconoMonitor

Last Days of Rome

Good Reads, 5/26/11

First, on behalf of all my former Balkan War cohorts, and the many murdered people in Bosnia on all sides whom the world has largely forgotten by now, I’ll say this about today’s news: it’s a shame Ratko Mladic wasn’t ‘apprehended’ by Navy Seals.

My friend Stewart Patrick on the G8′s surprising afterlife as the anti-G20.

Colum Lynch points out (rightly) that, after decades of bankrolling oligarchy, money can’t buy you Egyptian love.

Jacob Weisberg sees Obama’s inner idealist eclipsing the realist who surprised to the upside during the first years of his presidency. I think the jury’s out…

Fantastic piece on the absurd “system” the world’s largest banks employ to assess risk. Bottom line: It’s a high risk system.

A smart blog from Bill Gurley on what might be called the “LinkedIn Phenomenon” (unless you’re old enough to remember TheGlobe.com or countless other crappy IPOs.)

Just finished a wonderful, smart (and optimistic) book by my friend William Holstein, “The Next American Economy,” which argues that a U.S. manufacturing comeback may be in the making.

The Hidden Cost of the U.S. Federal Debt: the buried lead here: “as the U.S. debt trajectory changes in the next two years, {ratings agencies] may have to begin lowering the U.S.’ current AAA credit rating to confirm the increase in risk to lenders.. ”

DIVERSIONS

I love this one: Bob Dylan’s Top Ten “Infrastructure” songs – not surprisingly, from the Infrastructurist.

 

 

 

 

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Richard has published papers on wages policy, the taxation of financial arrangements and macroeconomic issues in Pacific island countries. Views expressed in these articles are his own and may not be shared by his employing agency. He is the author of How to Solve the European Economic Crisis: Challenging orthodoxy and creating new policy paradigms