Can We Prevent the Next Bubble?
Posted in Main Blog (All Posts) on June 20th, 2011 4:31 am by HL
Can We Prevent the Next Bubble?
Jonah Lehrer, Wired
It’s been three years since the collapse of the last economic bubble, so it’s probably time to start worrying about the next one. Sure enough, commentators are increasingly concerned about gold bubbles, “tech 2.0″ bubbles and venture capital bubbles. To be clear, I know nothing about any of these bubbles; this post isn’t about the virtues of a Groupon IPO or the true value of precious metals. Instead, I’m interested in the persistence of all bubbles. Why are they so inevitable? Why don’t we ever learn? And can they be…
Romney’s Mixed Message on Detroit
Joan Vennochi, Boston Globe
THE NEW Mitt Romney is not a flip-flopper. That’s the campaign story he’s pitching for 2012.But the selling of this presidential candidate as a man of conviction runs into trouble in Michigan — the presidential battleground state where he was born and where the Romney name is as big as the Kennedy name in Massachusetts. It all goes back to what he has said about the auto industry bailout.In the run-up to Michigan’s GOP primary in January 2008, Romney blasted rival John McCain as a pessimist who stood by and did nothing as the auto industry imploded.
Obama Should Fear Economy, Not Republicans
Gary Younge, Guardian
Turn autoplay offTurn autoplay onPlease activate cookies in order to turn autoplay offThe conservative candidates may look weak. But what will count for US voters is food on the table and clothes for the kidsOn 27 April Barack Obama produced his long-form birth certificate and denounced the “sideshows and carnival barkers” who insisted he was not born in the US. Within a week he had announced Osama bin Laden's execution to the world, burnishing his credentials as commander-in-chief and leaving the carnival barkers to howl at the moon.Watching the declared Republican…
Bloodbrother: Clarence Clemons
David Remnick, The New Yorker
In the summer of 1971, when an ambitious Shore rat named Bruce Springsteen was playing at an Asbury Park bar called the Student Prince and writing songs for his first album, a band called Norman Seldin and the Joyful Noyze was playing at the Wonder Bar down the road. The tenor saxophone player was a huge ex-football player with a King Curtis sound named Clarence Clemons. The story, oft-repeated, is that one stormy night, between sets, Clemons wandered into the Student Prince and sat in, playing “Spirit in the Night.”
Can Romney Survive as Front-Runner?
David Shribman, Pittsburgh P-G
