Sunday, December 11, 2011

@16:14, 12/11/11 -4

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The clean water act will not be modified until after the next election.
In the meanwhile there are reverse osmosis filters and activated charcoal filters.  The discharged brine contains all the toxins.

http://www.freedrinkingwater.com/ro-perm-detail.htm


This is a list of financial links as of this morning:
http://www.nakedcapitalism.com/2011/12/links-121111.html

Links 12/11/11

I have had a small number of readers disputing credit card or PayPal charges for donations made during the Naked Capitalism fundraiser. The charges made via the non-PayPal portal are in the name of “Bicycled, Inc.” which was clearly indicated on the input form. The PayPal charges are likely to include “auroraadvisors.com” which if you scroll to the bottom of the page, is the copyright holder for this site (and my corporation).
Chargebacks and disputes have resulted in fees that exceed the amount of the donation. If you have mistakenly disputed a charge, we will wind up eating the related fees.
Polar bear ‘cannibalism’ pictured BBC
Breaking News: Feds Falsely Censor Popular Blog For Over A Year, Deny All Due Process, Hide All Details…TechDirt (hat tip reader Lance N)
Falcone’s LightSquared Said to Disrupt 75% of GPS in Tests Bloomberg
Europe’s Deadly Transition From Social Democracy to Oligarchy Michael Hudson via Phil’s Stock World (hat tip reader furzy mouse)
Euro lacks a government banker, not lender of last resort Thomas Palley, Financial Times
Euro Crisis Pits Germany and U.S. in Tactical Fight New York Times
The Merkelization of Europe Foreign Policy (hat tip Marshall Auerback)
The moment, behind closed doors, that David Cameron lost his EU argument last night Economist (hat tip reader Swedish Lex)
Swedish Lex reminds of this 2009 post: Guest Post: Ambrose Evans-Pritchard & the City’s hard EU choices
Tens of thousands protest against Putin Financial Times
The Saudi Arab Spring Nobody Noticed Russ Baker (hat tip Lambert Strether)
China vows pursuit of more balanced trade Financial Times
Robert Fisk: Bankers are the dictators of the West Independent (hat tip Doug Smith)
Negative Equity: How Many Loans are Underwater in Your State? creditsesame (hat tip reader Carol B)
Court Cases Revealing Massive Fraud in Mortgage Business Dave Dayen, Firedoglake
30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes, 2008-2010 International Business Times (hat tip reader 1 SK)
How The West Helped Invent Russia’s Election Fraud: OSCE Whistleblower Exposes 1996 Whitewash Alexander Zaitchik and Mark Ames, eXiled
Irony alert: U.S. calls on Russia to respect peaceful protests Raw Story (hat tip reader 1 SK)
The Walmart Heirs Have The Same Net Worth As The Bottom 30 Percent Of Americans Think Progress (hat tip Buzz Potamkin)
How Goldman Sachs and Other Companies Exploit Port Truck Drivers — Occupy Protesters Plan to Shut Down West Coast Ports in Protest AlterNet (hat tip reader Aquifer)
Occupy Our Homes Chris Hayes, MSNBC (hat tip reader MBH)
New Nevada law spurs big drop in homes entering foreclosure LA Times (hat tip Lisa Epstein). Um, we wrote about this last month.

Here is a list from Europe as of the afternoon here:


Some highlights from Monday’s FTfm.   (Financial Times, finance morning )
Volcker rule dismays managers
Under one interpretation of the Volcker rule it may become illegal for bank-owned managers to run money for European or Asian investors
Hedgies’ average return is ‘zero’
Performance data is biased because hedge funds choose whether to report – when the returns of hedge funds that do not report to databases are factored in, performance falls from 92 basis points a quarter to just 5bps
Emerging markets the place to be for big pay
Survey finds war for talent is driving extravagant pay packages in emerging markets, either physically or in terms of investment expertise
A shortage of global equity looms
The last thing the world needs is a shortage of equity. Yet that is what a new report from the McKinsey Global Institute predicts, saying if the bias against equity is not addressed access to a critical source of growth and stability will be reduced, writes John Plender
Greek debt crisis no nearer resolution
The financial media and trading desks have shifted their attention from the Greek mess to the Italian mess and then to the new treaty mess. But the Greek situation still has a fatal sting in its tail, writes John Dizard
Investment beliefs and fairytales
Where do investment beliefs come from, asks Pauline Skypala. Well governed pension funds tend to have explicit beliefs and achieve higher returns, a sign that investment beliefs can be helpful. But on the other side of the coin, some investors believe active managers can outperform passive investments, contrary to evidence
US muni bonds defy predictions
Despite forecasts of default, money is returning to muni bond funds and those who ignored the dire predictions of last year have done well






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