Duckbeaver

Wired.com’s article on the punk rock scene developing in China has me thinking of Irene Wu’s book, ‘From Iron Fist to Invisible Hand: The Uneven Path of Telecommunications Reform in China‘.
One of the things that really struck me during my reading was her observation of small players that launched telecommunication services illegally to meet consumer [...]

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I’m not sure I could make this stuff up.
Over on Bloomberg, Morgan Stanley wants to take downgraded collateralized debt obligations (gambles they made and lost on), backed by leveraged loans (possible, in part, through capital injections by US taxpayers), and repackage the CDO into new securities with AAA ratings. Isn’t this how the [...]

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Simon Johnson, a professor at MIT’s Sloan School of Management, (formerly the chief economist at the International Monetary Fund) has a great article at the Atlantic. Johnson draws parallels between the ongoing financial crisis on Wall Street and the many political-economic crises that result in emerging market economies due to the power of oligarchs over [...]

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Just read Brad DeLong’s break down of the financial crisis. It is one of the first layman long views I’ve read since the start in August that offers a look at what’s going on and how the US is grappling with the downturn.

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