Financial Innovation = Creative Counterfeiting Schemes by Wall Street

The new Sanity Check blog by Bob O'Brien is out. He gives us his take on the subprime meltdown. For those who get befuddled by the convolutions used to explain how they first naked short the stock and then naked short the bonds, using cdos, tranches etc, he included a picture...

'Koobface' Virus Attacks Facebook

"Attention new viewers: those 5000 "friends" you have on Facebook? They might not actually be your friends. In fact, some of them might be scammers trying to infect your computer with a new virus dubbed "Koobface". Koobface, which already made the rounds on MySpace, is now...

An Indian in every Pakistani?

"Shireen M Mazari The writer is a defence analystLack of formal education and sheer ignorance does not by definition imply an innate sense of stupidity. On the other hand, formal education in itself is no guarantee of an intelligent and rational human...

Congratulations America

"It is actually the American people who are the real winners here, they are the ones who voted for a change. Once again America has proven that it can bring about change. I would not count on Obama himself to bring a real change, as we all remember, the newly elected...

Ed McMahon turns gangsta rapper

There may be No Country For Old Men, but Ed McMahon has a new rap.Having grown up watching the famous sidekick of Johnny Carson for most of my life, I have to admit I'm very happy for the ole guy that he's finally getting out of his slump even at 85 years old. I have...

Man Shot to Death in Front of Live Streaming Cameras

A 30-year-old man with alleged gang ties was shot multiple times while idling at a stoplight, and the only person who might have seen it was online. The shooting happened in front of a camera streaming live video onto the net, but no one has so far stopped by. "Edmonton's...

The Long-Term Costs of the War in Iraq

I found this article written in May of 2007. I thought it might be interesting to revisit when we talk about the war, and it's impact on our economy. Money that could have been spent on things like developement of alternative fuels,both in government and private sectors ...