Smart Links 20 June 2012
Commentary on false prophets, money at the centre of American politics, the incredibly shrinking US economy, how our mind works, a Russian love story from Stalinist hell, and Toronto’s Africentric student school.
Image -- 5,000 ducks crossing the road.
The dangers of economic certitude.
Financial Times -- Do not put your faith in the false deities of economists
Economics is a faith-based pursuit forever in search of a new deity.
Follow the money. (ed’s note – markets are not a natural and democratic phenomenon, they are the product of human intervention, are prone to manipulation and can be any of the following: autocratic, dictatorial, totalitarian, feudal, oligarchic, monopolistic, and plutocratic).
Bill Moyers and Company – Dark Money in Politics
“Let’s face it,” the founder of a super PAC recently told Mother Jones magazine. “Politics in this country is coin-operated.”
Harpers -- It's a rich man's world: How billionaire backers pick America's candidates
While visiting Kansas City last December, I read a local newspaper story lamenting the gradual transformation of Missouri into a reliably Republican citadel—a red state, as we like to say.
Pdf below -- Flirtin’ With Disaster
David Rosenberg has been ‘on’ the structural decline of the US economy for a long time. Here are the charts to prove it.
Business Insider -- David Rosenberg: 51 Signs The Economy Is A Total Disaster
The U.S. economic recovery has been weak and the looming fiscal cliff threatens to act as a further drag on the economy. Europe is imploding with the chances of a 'Grexit' increasing, and Spain's economy deteriorating and risking contagion.
Why simple questions trip up ‘smart’ people.
New Yorker -- Why Smart People Are Stupid
Here’s a simple arithmetic question: A bat and ball cost a dollar and ten cents. The bat costs a dollar more than the ball. How much does the ball cost?
1,246 love letters.
New York Review of Books – Love Against All Odds
The principal institution in Russia for investigating Gulag history and insisting on the nation’s responsibility for its past continues to be the excellent Memorial society, which despite harassment and hostility from the Putin government steadfastly pursues its work of collecting historical evidence and making it available to the public.
The principle asks to leave. (ed’s note – the graduation and post-graduation data will be important).
Toronto Star -- Africentric school’s principal leaving
It could be the trickiest principal’s posting in Canada — head of the country’s only public Africentric elementary school — and after three years, Thando Hyman is getting out.
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