NEW THINGS: 11:21, 10/12/11 2

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TimesPeople recommended a blog post:
Oct 11, 2011
What Happened to the American Work Ethic? - Room for Debate
Millions of people are looking for jobs, but aren’t jumping to be seasonal farm laborers. Why is that?
They cannot afford to do seasonal farm labor.
The homeless are not sane enough.
- Do the Math and Collect Unemployment
  Tom Lutz, author, "Doing Nothing"
- http://www.amazon.com/Doing-Nothing-History-Loungers-Slackers/dp/B005M4JCH6/ref=sr_1_1?ie=UTF8&qid=1318440542&sr=8-1
TimesPeople recommended a blog post:
Oct 11, 2011
Focus on Europe's Long Term - Room for Debate
A double dip would be painful, but a prolonged period of slow growth afterward could be even worse.
"A crisis is a terrible thing to waste."
Europe is doing its best to waste this one.
This was a bank failure. There will be more.
TimesPeople recommended a user:
Oct 11, 2011
Alexandra Brockton
- Alexandra Brockton commented on a blog post:
  Jun 19, 2009
  Friday: Updates on Iran’s Disputed Election
  Our country has a horrible history of offering support to groups attempting to effect a drastic change in the leadership of their countries, only to bail out as soon as we see that the change is not possible....leaving thousands, maybe millions, of people who (wrongly) trusted the United States. ...
  
  http://www.juancole.com/2011/10/is-an-iranian-drug-cartel-behind-the-assassination-plot-against-the-saudi-ambassador.html
  
  "Amateur Hour" Might be an Iranian drug ring.
TimesPeople recommended a blog post:
Oct 11, 2011
Should Alabama Schools Help Catch Illegal Immigrants? - Room for Debate
Alabama's new law requires schools to ascertain the immigration status of their pupils. Is this constitutional?
It probably is not but Alabama seems to want to poke the tiger.
All the Hispanics are working and paying taxes. Education for their children is one of the few benefits an unlawful immigrant can get.
TimesPeople recommended a user:
Oct 11, 2011
James
- Henry recommended a blog post:
  Mar 7, 2011
  Does IMF Stand for Impressive Macroeconomic Flexibility?
  So the IMF is holding a meeting on rethinking macroeconomic policy (I was invited but couldn’t make the timing work.) And the Fund’s chief economist has already made it clear that he’s open to some serious revision of the prevailing paradigm.
  
  http://krugman.blogs.nytimes.com/2011/10/12/pyrrhic-adjustment/
  "
  October 12, 2011, 8:36 am
  Pyrrhic Adjustment
  Martin Wolf is, as usual, right on point today. As he says, simply providing enough financing for European nations in debt trouble — hard enough as it is — is far from sufficient, because it doesn’t deal with the risk that
  
  forcing adjustment on the weak will fail, because of a lack of offsetting adjustment in the strong. That would not be a huge problem if those forced to adjust are small. It is a vast problem if they are large. The risk is of a downward spiral as austerity is exported and re-exported.
  With a third of the euro area’s GDP in crisis countries, and with the core countries also pursuing austerity, this is a gigantic problem.
  One quibble: Wolf describes Ireland as having had a “uniquely successful adjustment”. I know what he means: Ireland, alone among the euro crisis countries, has already achieved significant “internal devaluation”, that is, has managed to reduce its costs and prices compared with the core countries. But it’s really worth bearing in mind what “successful adjustment” looks like:
  
  A few more such successes and Ireland will be back to the 19th century."
  http://www.bbc.co.uk/news/business-15279017
  "The president of the European Commission, Jose Manuel Barroso, has set out a plan designed to bring an end to the eurozone debt crisis."
  
  http://www.calculatedriskblog.com/2011/10/europe-update-slovakia-clears-hurdle-on.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29
  
  "From the Financial Times: Insurance plan to boost rescue fund’s reach
  
  European policymakers are moving towards a plan that would enable the eurozone’s €440bn rescue fund to insure investors against some losses on government bonds, arguing it presents the fewest legal and political hurdles to quickly increasing the fund’s firepower.
  excerpt with permission
  On Thursday, Greek prime minister George Papandreou is is meeting with Herman van Rompuy, president of the European council, and Jean-Claude Juncker, chair of euro finance ministers in Brussels.
  
  The Greek 2 year yield isat 73.5%. The Greek 1 year yield is at 156.4% (a new high).
  
  The Portuguese 2 year yield is at 17.3% and the Irish 2 year yield is at 7.4%.
  
  The Spanish 10 year yield is at 5.1% and the Italian 10 year yield is at 5.7% (the Italian bond yield is moving up)." http://query.nytimes.com/search/sitesearch?query=troika&date_select=full&srchst=cse
  
  Aid Plans Emerge for Europeâ€™s Banks
  1 day ago ... The statement from the representatives of the so-called troika ended ... The troika will have to submit a full report for approval by euro zone ...October 12, 2011 - By STEPHEN CASTLE and NIKI KITSANTONIS - Business Day / Global Business
  
  Markets End Mixed a Day After Rally
  1 day ago ... On Tuesday afternoon, the so-called troika, made up of teams from the European Commission, the E.C.B. and the International Monetary Fund, ...October 12, 2011 - By DAVID JOLLY AND SEI CHONG - Business Day
Greece does not have a hope of escaping massive default very soon.
TimesPeople recommended an article:
Oct 11, 2011
New iPhone Conceals Sheer Magic

The automatic reporting features bother me.
I like the multi-carrier capability.
Voice recognition is a feature I hope never to need.
It is still a closed architecture.
I will not buy one yet.
An upgrade on a three might be the entry of choice.