Secrets and Lies of the Bailout | Politics News | Rolling Stone | Matt Taibbi
It was all a lie – one of the biggest and most elaborate falsehoods ever sold to the American people. We were told that the taxpayer was stepping in – only temporarily, mind you – to prop up the economy and save the world from financial catastrophe. What we actually ended up doing was the exact opposite: committing American taxpayers to permanent, blind support of an ungovernable, unregulatable, hyperconcentrated new financial system that exacerbates the greed and inequality that caused the crash, and forces Wall Street banks like Goldman Sachs and Citigroup to increase risk rather than reduce it. The result is one of those deals where one wrong decision early on blossoms into a lush nightmare of unintended consequences. We thought we were just letting a friend crash at the house for a few days; we ended up with a family of hillbillies who moved in forever, sleeping nine to a bed and building a meth lab on the front lawn.
Will a Robot Take Your Job? : The New Yorker
Scant Proof Is Found to Back Up Claims by Energy Drinks – NYTimes.com
Byron Wien Announces Predictions for Ten Surprises for 2013 – Blackstone
In a surprise reversal the Democrats sponsor a vigorous program to make the United States independent of Middle East oil imports before 2020. The price of West Texas Intermediate crude falls to $70 a barrel. The Administration proposes easing restrictions on hydraulic fracking for oil and gas in less populated areas and allowing more drilling on Federal land. They see energy production, infrastructure and housing as the key job creators in the 2013 economy.
How Bucket Shops Lured the Masses Into the Market – Bloomberg
Mawson’s Antarctic Trek: The Greatest Survival Story -National Geographic Magazine
Mawson heard the faint whine of a dog behind him. It must be, he thought, one of the six huskies pulling the rear sledge. But then Mertz, who had been scouting ahead on skis all morning, stopped and turned in his tracks. Mawson saw his look of alarm. He turned and looked back. The featureless plateau of snow and ice stretched into the distance, marked only by the tracks Mawson’s sledge had left. Where was the other sledge?
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