From Washington's Blog:
Iceland
told the banks to pound sand... And
Iceland's economy is doing much better than
virtually all of the countries which have
let the banks push them around.
Barry Ritholtz noted in May:
Rather than bailout the banks --
Iceland could not have done so even if they
wanted to -- they guaranteed deposits
(the way our FDIC does), and let the normal
capitalistic process of failure run its
course.
They are now much much better for it
than the countries like the U.S. and
Ireland who did not.
Bloomberg pointed out in February:
Unlike other
nations, including the U.S. and Ireland,
which injected billions of dollars of
capital into their financial institutions
to keep them afloat, Iceland placed its
biggest lenders in receivership. It chose
not to...
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From Economic Policy
Journal:
Tim Carney is not pulling any punches in
his takedown of David Axelrod:
Is Obama's
chief political confidant David Axelrod
lying about Obama and the revolving door,
or is he really that ignorant?
I really try to avoid accusing people of
lying, because one precondition of a lie is
that the speaker knows what he is saying to
be false.
We simply can't know what another
person's state of mind is.
Often, comments come across as lies
that are really misperceptions or
ambiguous statements.
But what Axelrod said about the
revolving door on CNN yesterday is not
just demonstrably false, but it's hard to
imagine an intelligent human being in
Obama's inner circle not grasping how
truly false and misleading it
is...
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From
ProPublica:
... Today, the United States has begun
marching millions of airline passengers
through the x-ray body scanners, parting
ways with countries in Europe and elsewhere
that have concluded that such widespread
use of even low-level radiation poses an
unacceptable health risk.
The government is rolling out the
x-ray scanners, despite having a safer
alternative that the Transportation
Security Administration says is also
highly effective.
…Research suggests that anywhere from six
to 100 U.S. airline passengers each year
could get cancer from the machines.
Still, the TSA has repeatedly defined the
scanners as “safe,” glossing over the
accepted scientific view that even low
doses of ionizing radiation — the kind
beamed directly at the body by the X-ray
scanners — increase the risk of
cancer.
“Even though it’s a very small risk, when
you expose that number...
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