Reblogged from Business & Money:
“I can't think of another presidential candidate in history who has ever tried to win the presidency by running against capitalism.” So said Rush Limbaugh of President Obama last week. Asked for a response during a Fox News interview, Governor Mitt Romney said, “There’s no question but that attacking capitalism.” Romney has also described the Obama presidency as a “debt-and-spending inferno.”
Reblogged from National Post | News:
WASHINGTON — U.S. Republican presidential candidate Mitt Romney’s campaign said on Tuesday JPMorgan Chase & Co’s huge trading losses were an unfortunate part of a free market economy.
Romney adviser Eric Fehrnstrom told NBC that, while Romney supports some financial regulation, the losses at one of the nation’s largest banks involved investors, not taxpayers, and that rules for Wall Street shouldn’t hamper investments.
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At last, something that sums up relevant thoughts on Perry’s ad into a smart comic strip. The original Rick Perry campaign «Strong» here.
Cartoon by For the Lack of a Better Comic.
[Ground Footage: Second Collapse Occurs At Around 18min]
«Raise the Debt Ceiling» is the third of a series of collaborations between Remy and Reason.tv. You can watch Remy’s other videos here.
Download the mp3 and HD versions here, the video channel for Reason magazine and Reason.com.
Visit the links below for more Reason coverage on the debt, deficit and government spending:
The Facts About the Debt Ceiling.
Reason.com Topics: Government Spending.
Source: ReasonTV.
BBC’s Justin Rowlatt Embarks On A Journey Across Southern Africa To Examine The Huge Influence Of China On The Development Of The Continent.
Word Usage In 40 Speeches Given By Michael Bloomberg, Tom Hanks, Bill Clinton, Steve Ballmer, Barack Obama Etc. At The 2011 Graduations.
HT: Paul Kedrosky.
Notable Reports Of The Week Ahead:
Image by telwink via Flickr.
Tuesday:Retail Sales For May.
Wednesday: Industrial Production, The Consumer Price Index (CPI) For May, And June Homebuilder Confidence.
Thursday: May Housing Starts.
Details From The Calculated Risk Blog: Schedule For Week Of June 12th.
A musical econoparody of the Deckers/Sparks song «Dominique», about Dominique Strauss-Kahn.
Lead vocal: Janis Liebhart
Background vocals: Johanna Bushnell, Scottie Haskell, Janis Liebhart.
Music Director: Greg Hilfman
Complete collection of Versus political musicals, with lyrics, are located here.
The New Yorker Interviews 50 Interesting People.
WSJ 2011 Summer Reading List Is Out.
An Instrument Of Total Domination: The Bugatti Veyron Grand Sport.
Lambo’s Latest Rambo Has a Heart.
How Do CEOs Spend Their Time? A New Study Yields Some Surprising Results.
BMW Blames Speculators As Aluminium Costs Rise.
How To Beat The Market: Follow The Senators On The Senate Armed Services Committee Who Own Stocks On The Prohibited List.
The Case Of The Speculator Who Tried To Game The Cocoa Market.
Behavioral Economist, Dan Ariely, Studies All The Ways Our Psychology Disrupts Our Financial Lives.
A Solar Panel Field Of The Size Of Austria, In The Desert, Could Produce Enough Electricity For The Whole World.
What A Weekend In The Heart Of Europe Looks Like. Location: Solvayhütte, Zermatt, Switzerland.
Influential Hedge Fund Manager, David Einhorn, Has Called For Microsoft Corp Chief Executive, Steve Ballmer, To Step Down.
Facebook Founder, Mark Zuckerberg, And Google Boss, Eric Schmidt, Warns Governments Worldwide Not To Over-Regulate The Internet.
Vincent R. Reinhart, An Economist At The American Enterprise Institute, Argues That The Fed’s Quantitative Easing Program Has Raised The Oil Price.
Asian Buyers Accounted For The Majority Of New Home Purchases In Central London.
Supermarkets Are Successful Because They Provide What We Want At A Reasonable Price, Writes Stephen Pollard.
World Peace, Mapped.
Sidestepping Horse And Headbanging Giraffe At Japan World Cup (video).
Barack Obama’s Cute Signature.
What Random New Yorkers With Headphones Listen To (video).
Burberry, British Luxury Goods Brand, Profits Jump 40pc On Emerging Markets.
YTD: Percentage rise of Burberry's shares since May 26, 2010, compared with FTSE 100 // Telegraph.co.uk
Obama In Britain: During a banquet at Buckingham Palace Obama broke royal protocol by speaking over the national anthem.
Full Episode From Last Night: Colbert throws a «We Got Bin Laden» theme party, and Francis Fukuyama warns of the Chinese threat.
(Meanwhile down south).
Click on images to transfer to Colbert, Stewart & Conan
To Kill a Mockingturd: Express ambivalence about the targeted killing of Osama? Not really. Stewart wants details.
Brutal Shave: Conan O’Brien gets his beard shaved by Will Ferrell here and talks about the three O’s: Osama, Obama and Oprah.
One for the books: Iconic footage of President Obama, and his team, watching live video feed from the operation that killed Osama Bin Laden.
[via Flicker, White House. License: United States Government Work]
The real Trump roast at yesterday’s annual White House Correspondents Dinner:
Watch Obama’s Speech Trailer here.
Shorter version here.
Uh-Oh, SNL’s Seth Meyers is looking for trouble as Trump stews in anger. Priceless.
Presidental Wealth: The Complete Net Worth Of The American Presidents: From Washington To Obama.
Ian Morris on Why the West Rules (audio).
Seth Godin notes: The realization is now.
The U.K. Telegraph reviews 100 cruise ships.
The Economist Daily Chart: The increasing importance of Chinese investment in sub-Saharan Africa.
Bragging masked in a faux-humble guise.
Secret snow: despite one of the worst Alpine winters in years, there is a European skiing nirvana.
HT: Paul Kedrosky.
Ronald and Nancy Reagan in California, 1964. Image via Wikipedia
«Critics howled that Reagan was being financially irresponsible, but the president pressed on. Once his cuts were fully phased-in and the hard fight against inflation was won, the economy took off like a rocket. Reagan’s achievements set up a great, long boom in the U.S. and the world that didn’t end until the economic crash in 2007. (Yes, there were periods of slower growth rates before that year, but none can be compared to the crash of 2007.)»
Controversial claim from Mr. Forbes in this WSJ-article.
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