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Housing costs are making city living increasingly expensive, particularly in the US. But even American cities can't take the number one spot......
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One of the most striking things about the testimony in the AIG bailout trial is the degree to which Fed officials play fast and loose with the truth. And I don't mean the normal CEO version of having no memory of events that are inconvenient and very detailed recollections of things that boost their case. I mean statements that are flat out false....
Monday, 19 January 2015 |

SNB – Post-Mortem

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  The Swiss National Bank move to eliminate the 1.2 EURCHF Peg has proven to be a big market/media event.  Follows a few random thoughts on how this story played out. Caveat –  Some of this is wonkish, some guesses on my part.   The Weekly FX Flows The FX market has two different types […]...

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imageI pray that the All-good God will send down upon you the All-holy Spirit, as He did to His divinely sent holy Apostles, so that you may be enlightened to walk the arduous path of salvation. “Behold now, what is so good or joyous as for brethren to dwell together in unity with love?” (cf. Ps. 132:1 ). There is nothing more beautiful...

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The New York Times Fears that Syriza Will Put “Ordinary Greeks First”

By William K. Black Bloomington, MN: January 18, 2015

Even when the New York Times seems to think it is trying to open minded about the troika’s infliction of austerity on the peoples of the eurozone, its reporters are infected by the bizarre notion that...

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Gol' durn. Do the mainstream media finally "get" papal coverage?

You no doubt recall the circus after Pope Francis answered a question about gays -- “If a person is gay and seeks God and has good will, who am I to judge?” -- a circus that is still ongoing in some outlets. But most journos seem to realize their favorite Catholic has...

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SALT LAKE CITY (RNS) John Dehlin, known to support same-sex marriage and the Ordain Women movement, said he expects "either disfellowshipment (i.e., official censure) or excommunication."...

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How can success breed failure?  It turns out there are a number of dynamics at work.
Success, we’re constantly told, breeds success.  And success breeds stability. The way to avoid failure is to copy successful people and strategies. The way to continue succeeding is to do more of what has been successful.
This line of thinking is...
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According to a report by the CIA Inspector General , the White House was informed of the CIA’s plan to hack US Senate computers to discover what was going to be in the Senate Torture Report. CIA Director John Brennan met with White House chief of staff Denis McDonough then ordered CIA employees to “use whatever means necessary” to...

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