Much news about Dubai, of course. There’s far too much coverage to link to all of it. Alphaville
has numerous good posts. Calculated
Risk has a good round-up.
Northern Trust has an analysis here. And Abnormal
Returns provides the following links: WSJ,
Calculated
Risk, Aleph
Blog, Barron’s,
The
Reformed Broker, VIX
and More, The
Money Game, Felix
Salmon, Curious
Capitalist
Debate on a Tobin Tax.
Krugman
supports it. Tyler
Cowen has a different view. And Greg
Mankiw thinks it’s unfeasible.
From Wired Science, Courtroom First: Brain Scan Used in Murder
Sentencing
From the NY Times, the
25 wealthiest senators from 2008:
Yeah, and I think when the New York markets opened on Friday, it was Kids' Day. Imagine getting the news about Dubai and having to entertain a bunch of little kids!
I suppose you could entertain them with pictures of the collateral — all those projects do look very pretty, especially the underwater hotel (pun already noted by Brad DeLong: http://delong.typepad.com/sdj/2009/11/the-hydropolis.html )