Here is what’s on my Instapaper:

• The Von Mises Prophecy Explained (Mercenary Trader)

• Inside ‘Anonymous’: tales from within the group taking aim at Amazon and Mastercard (Guardian)

• Wall Street Sees Record Revenue in ’09-10 Recovery From Bailout (Bloomberg)

• Feds block workers from WikiLeaks, mirror sites (C/Net)

Let Us Pay:John Lanchester on the future of the newspaper industry (London Review of Books)

• The Stunt ManCan CollegeHumor’s Ricky Van Veen turn viral funny into the future of TV? (New York  Mag)

Do I Love My Wife? An Investigative Report. One married man, a machine that can read his mind, and a head-to-head matchup between his wife… and Angelina Jolie. Sounds like no good can come of this. (Esquire)

Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

7 Responses to “Late Day Reads”

  1. Arequipa01 says:

    Most of us are no longer citizens; we are economic inputs:
    http://hiphopandpolitics.wordpress.com/2010/12/12/day-3-of-historic-prison-strike-in-georgia-blacked-out-by-media-guards-committing-violence/

    Happy Monday, America- we’re number ONE! (Don’t forget to watch Monday Night Football, now with extra tight pants)

    “Despite that the prisoners’ protest remained non-violent, the DOC violently attempted to force the men back to work—claiming it was “lawful” to order prisoners to work without pay, in defiance of the 13th Amendment’s abolition of slavery. In Augusta State Prison, six or seven inmates were brutally ripped from their cells by CERT Team guards and beaten, resulting in broken ribs for several men, one man beaten beyond recognition.”

    “On Thursday morning, December 9, 2010, thousands of Georgia prisoners refused to work, stopped all other activities and locked down in their cells in a peaceful protest for their human rights. The December 9 Strike became the biggest prisoner protest in the history of the United States. Thousands of men, from Augusta, Baldwin, Hancock, Hays, Macon, Smith and Telfair State Prisons, among others, initiated this strike to press the Georgia Department of Corrections (“DOC”) to stop treating them like animals and slaves and institute programs that address their basic human rights. They set forth the following demands:

    * · A LIVING WAGE FOR WORK
    * · EDUCATIONAL OPPORTUNITIES
    * · DECENT HEALTH CARE
    * · AN END TO CRUEL AND UNUSUAL PUNISHMENTS
    * · DECENT LIVING CONDITIONS
    * · NUTRITIONAL MEALS
    * · VOCATIONAL AND SELF-IMPROVEMENT OPPORTUNITIES
    * · ACCESS TO FAMILIES
    * · JUST PAROLE DECISIONS

    Despite that the prisoners’ protest remained non-violent, the DOC violently attempted to force the men back to work—claiming it was “lawful” to order prisoners to work without pay, in defiance of the 13th Amendment’s abolition of slavery. In Augusta State Prison, six or seven inmates were brutally ripped from their cells by CERT Team guards and beaten, resulting in broken ribs for several men, one man beaten beyond recognition. This brutality continues there. At Telfair, the Tactical Squad trashed all the property in inmate cells. At Macon State, the Tactical Squad has menaced the men for two days, removing some to the “hole,” and the warden ordered the heat and hot water turned off. Still, today, men at Macon, Smith, Augusta, Hays and Telfair State Prisons say they are committed to continuing the strike. Inmate leaders, representing blacks, Hispanics, whites, Muslims, Rastafarians, Christians, have stated the men will stay down until their demands are addressed, one issuing this statement:

    “…Brothers, we have accomplished a major step in our struggle…We must continue what we have started…The only way to achieve our goals is to continue with our peaceful sit-down…I ask each and every one of my Brothers in this struggle to continue the fight. ON MONDAY MORNING, WHEN THE DOORS OPEN, CLOSE THEM. DO NOT GO TO WORK. They cannot do anything to us that they haven’t already done at one time or another. Brothers, DON’T GIVE UP NOW. Make them come to the table. Be strong. DO NOT MAKE MONEY FOR THE STATE THAT THEY IN TURN USE TO KEEP US AS SLAVES….”

    When the strike began, prisoner leaders issued the following call: “No more slavery. Injustice in one place is injustice to all. Inform your family to support our cause. Lock down for liberty!””

  2. from: http://mercenarytrader.com/2010/12/weekender-the-von-mises-prophecy-explained/

    “…your debt dynamics become explosive when debt service costs overtake your ability to arrange new financing. “A rolling loan gathers no loss,” as the Wall Street wags say, but once that loan stops rolling? Game over man…”

    “…faith in the system on the whole (currency and debt) is eroded, and investor preference for holding said debt (or currency) shifts at the margins in favor of something else…”

    “…It’s a great time to be a trader…”

    that’s a really good article..one of the few that does, any, justice, to the Thesis, of von Mises’, of ‘Crack-up Boom’..

    also, to my mind, another good reason to dig up, and view, the Movie: “Rollover”
    ~~
    speaking of ‘Intertemporal’ Timing, I was asking, a while back, ~”Who has bets on the U$D making it to ’011?”

    the Thesis, still, stands..peep should wonder ~how much exposure, to the U$D, they can withstand..

  3. ZedLoch says:

    The von Mises prophecy is essentially summed up as “we’re all doomed!”

    But Keynes has the best response: “In the long run, we’re all dead anyway…”

    That’s why doomsayers and Malthusians haven’t been right for the past few hundred years. As long as capitalism exists, we’ll find a way. Maybe that’s a big “if” with all this corporacrat nonsense, but the von Mises folks too often find themselves on the wrong side of that debate, blinded by ideology and exploitation.

  4. mad97123 says:

    ZedLoch,

    The Mises prophecy is essentially summed up as ‘there is no free lunch, it will be paid for eventually. Simple as that.

    I’m not sure what woprld you are living in, but it seems they have been winning the debate since 2000.

  5. Tarkus says:

    Wall Street Sees Record Revenue in ’09-10 Recovery From Bailout (Bloomberg)

    How long is the media going to promote that as real to help justify undeserved pay and bonuses?

    Remove the FASB fantasy mark-to-make-believe and 0% loans from the Fed taken from savers and other alphabet soup corporate welfare and they are insolvent.

  6. Vilgrad says:

    Best Buy is the canary in the coal mine.

    http://www.theburningplatform.com/?p=8385