Tuesday, February 8, 2011

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surface encounters

Ouch! Fox <b>News</b> Reporter &amp; Camera Man Return From Egypt In Bad <b>...</b>

To say the least! These poor guys! Fox News reporter Greg Palkot and cameraman Olaf Wiig, who were brutally beaten while attempting to cover the ongoing unrest in Egypt, appeared on Fox News...

Arrowheadlines: Chiefs <b>News</b> 2/8 - Arrowhead Pride

NJ Chiefs Fan is having technical difficulties (which he told me about yesterday, which I promptly forgot this morning, which is why Arrowheadlines is so late today).

<b>News</b> In Brief: Earth/Environment - Science <b>News</b>

Licorice may be a natural alternative to antibiotics on hog farms, plus more in this week's news.


surface encounters

Ouch! Fox <b>News</b> Reporter &amp; Camera Man Return From Egypt In Bad <b>...</b>

To say the least! These poor guys! Fox News reporter Greg Palkot and cameraman Olaf Wiig, who were brutally beaten while attempting to cover the ongoing unrest in Egypt, appeared on Fox News...

Arrowheadlines: Chiefs <b>News</b> 2/8 - Arrowhead Pride

NJ Chiefs Fan is having technical difficulties (which he told me about yesterday, which I promptly forgot this morning, which is why Arrowheadlines is so late today).

<b>News</b> In Brief: Earth/Environment - Science <b>News</b>

Licorice may be a natural alternative to antibiotics on hog farms, plus more in this week's news.


surface encounters

Ouch! Fox <b>News</b> Reporter &amp; Camera Man Return From Egypt In Bad <b>...</b>

To say the least! These poor guys! Fox News reporter Greg Palkot and cameraman Olaf Wiig, who were brutally beaten while attempting to cover the ongoing unrest in Egypt, appeared on Fox News...

Arrowheadlines: Chiefs <b>News</b> 2/8 - Arrowhead Pride

NJ Chiefs Fan is having technical difficulties (which he told me about yesterday, which I promptly forgot this morning, which is why Arrowheadlines is so late today).

<b>News</b> In Brief: Earth/Environment - Science <b>News</b>

Licorice may be a natural alternative to antibiotics on hog farms, plus more in this week's news.


surface encounters

Ouch! Fox <b>News</b> Reporter &amp; Camera Man Return From Egypt In Bad <b>...</b>

To say the least! These poor guys! Fox News reporter Greg Palkot and cameraman Olaf Wiig, who were brutally beaten while attempting to cover the ongoing unrest in Egypt, appeared on Fox News...

Arrowheadlines: Chiefs <b>News</b> 2/8 - Arrowhead Pride

NJ Chiefs Fan is having technical difficulties (which he told me about yesterday, which I promptly forgot this morning, which is why Arrowheadlines is so late today).

<b>News</b> In Brief: Earth/Environment - Science <b>News</b>

Licorice may be a natural alternative to antibiotics on hog farms, plus more in this week's news.


surface encounters

Ouch! Fox <b>News</b> Reporter &amp; Camera Man Return From Egypt In Bad <b>...</b>

To say the least! These poor guys! Fox News reporter Greg Palkot and cameraman Olaf Wiig, who were brutally beaten while attempting to cover the ongoing unrest in Egypt, appeared on Fox News...

Arrowheadlines: Chiefs <b>News</b> 2/8 - Arrowhead Pride

NJ Chiefs Fan is having technical difficulties (which he told me about yesterday, which I promptly forgot this morning, which is why Arrowheadlines is so late today).

<b>News</b> In Brief: Earth/Environment - Science <b>News</b>

Licorice may be a natural alternative to antibiotics on hog farms, plus more in this week's news.


surface encounters

Ouch! Fox <b>News</b> Reporter &amp; Camera Man Return From Egypt In Bad <b>...</b>

To say the least! These poor guys! Fox News reporter Greg Palkot and cameraman Olaf Wiig, who were brutally beaten while attempting to cover the ongoing unrest in Egypt, appeared on Fox News...

Arrowheadlines: Chiefs <b>News</b> 2/8 - Arrowhead Pride

NJ Chiefs Fan is having technical difficulties (which he told me about yesterday, which I promptly forgot this morning, which is why Arrowheadlines is so late today).

<b>News</b> In Brief: Earth/Environment - Science <b>News</b>

Licorice may be a natural alternative to antibiotics on hog farms, plus more in this week's news.


surface encounters

Ouch! Fox <b>News</b> Reporter &amp; Camera Man Return From Egypt In Bad <b>...</b>

To say the least! These poor guys! Fox News reporter Greg Palkot and cameraman Olaf Wiig, who were brutally beaten while attempting to cover the ongoing unrest in Egypt, appeared on Fox News...

Arrowheadlines: Chiefs <b>News</b> 2/8 - Arrowhead Pride

NJ Chiefs Fan is having technical difficulties (which he told me about yesterday, which I promptly forgot this morning, which is why Arrowheadlines is so late today).

<b>News</b> In Brief: Earth/Environment - Science <b>News</b>

Licorice may be a natural alternative to antibiotics on hog farms, plus more in this week's news.


surface encounters

Ouch! Fox <b>News</b> Reporter &amp; Camera Man Return From Egypt In Bad <b>...</b>

To say the least! These poor guys! Fox News reporter Greg Palkot and cameraman Olaf Wiig, who were brutally beaten while attempting to cover the ongoing unrest in Egypt, appeared on Fox News...

Arrowheadlines: Chiefs <b>News</b> 2/8 - Arrowhead Pride

NJ Chiefs Fan is having technical difficulties (which he told me about yesterday, which I promptly forgot this morning, which is why Arrowheadlines is so late today).

<b>News</b> In Brief: Earth/Environment - Science <b>News</b>

Licorice may be a natural alternative to antibiotics on hog farms, plus more in this week's news.


surface encounters

Ouch! Fox <b>News</b> Reporter &amp; Camera Man Return From Egypt In Bad <b>...</b>

To say the least! These poor guys! Fox News reporter Greg Palkot and cameraman Olaf Wiig, who were brutally beaten while attempting to cover the ongoing unrest in Egypt, appeared on Fox News...

Arrowheadlines: Chiefs <b>News</b> 2/8 - Arrowhead Pride

NJ Chiefs Fan is having technical difficulties (which he told me about yesterday, which I promptly forgot this morning, which is why Arrowheadlines is so late today).

<b>News</b> In Brief: Earth/Environment - Science <b>News</b>

Licorice may be a natural alternative to antibiotics on hog farms, plus more in this week's news.


surface encounters

Ouch! Fox <b>News</b> Reporter &amp; Camera Man Return From Egypt In Bad <b>...</b>

To say the least! These poor guys! Fox News reporter Greg Palkot and cameraman Olaf Wiig, who were brutally beaten while attempting to cover the ongoing unrest in Egypt, appeared on Fox News...

Arrowheadlines: Chiefs <b>News</b> 2/8 - Arrowhead Pride

NJ Chiefs Fan is having technical difficulties (which he told me about yesterday, which I promptly forgot this morning, which is why Arrowheadlines is so late today).

<b>News</b> In Brief: Earth/Environment - Science <b>News</b>

Licorice may be a natural alternative to antibiotics on hog farms, plus more in this week's news.


Sunday, February 6, 2011

Making Money Uk






Introducing a new localism to media, per a UK government action plan released Wednesday morning, may be a worthwhile aim - but culture secretary Jeremy Hunt has picked the wrong medium to start with, a decision that could be ultimately self-defeating.



The review he commissioned told him only broadband TV could support truly local TV services; a Freeview alternative, as Hunt has picked, could supply a measly 10 cities - undermining the policy’s aim.

See more of our latest Legal coverage
or add an alert for future coverage of Legal.



Yet, whilst the internet does not yet reach everybody, a web service would reach a far greater audience and would provide a better platform for future growth.



Although we know it’s connected to the Big Society doctrine, Hunt had not, until today, articulated why local information provision is important…



If it is to reconnect citizens with the business of their local governments and communities, such a plan could have better invested in amplifying the many disparate communication efforts, already undertaken by local councils, through digital media, alongside small advertisers, community groups etc.



Nicholas Shott’s review for Hunt made clear there is little chance of such an enterprise making money. Yet Hunt has conceived a model which, first and foremost, invites commercial tenders, funded by national advertising. Far better might have been an effort that puts the citizen first - a grassroots one, run on a cost-neutral basis, whose product would likely have been more direct-access information and interpretation than TV talking heads. Why not involve community groups from that same Big Society which the UK government is trying to create, rather than just commercial broadcasters?



The pieces are already there - look at the countless council websites, the excellent work on democratic access by MySociety with projects like TheyWorkForYou and FixMyStreet, the video streams broadcast by local governments, the new wave of local blogs - oh, and the hundreds of newspapers which already exist in communities across the land.



The way people get their local information has changed considerably in recent years - and not just for young urbanite geeks. But Hunt has proposed an old-fashioned model - a new Freeview TV channel with local opt-outs - that sounds rather like ITV’s traditional remit, while ITV (LSE: ITV) News itself limps poorly on in the regions, waiting to be put out of its misery. Why not just fix ITV?



While existing local media like newspapers, under economic and structural pressure, struggle to perform the same function of Hunt’s new aim (“provide citizens with a voice, local businesses with a platform for promotion and advertising and the local democratic process with greater accountability”), Hunt has decided to turn his head toward another medium, but still an old one, to do the job from scratch.



By offering local content only to a handful of the UK’s largest cities, Hunt may, by implication, create a two-tier system, in which some electors are well-informed and others are less so. Hunt even acknowledges that devolved nations have an entirely different inclination (“A local TV solution in the nations might be nation-wide”).



Better than all this may have been to lay the groundwork for a truly nationwide, next-generation, text- and video-based local information network - after all, the internet has a knack of being an everything medium, itself supporting many different kinds of media.



If Hunts stays true to the aims of the policy, such a service does not necessarily need to be primarily a lumbering audio-visual one, like in days gone by.



But Hunt, whilst accepting that a mass IPTV audience is some way off (it will figure merely “in due course”), has skipped over serious consideration of online because he has conceived the service first and foremost as a television enterprise.



By kicking the IPTV ball in to the long grass in favour of Freeview now, Hunt risks letting in old-guard broadcasting types who are merely keen to get their hands on valuable DTT spectrum at a knock-down price.






bench craft company reviews

Econbrowser: The employment <b>news</b> is good (I think)

The employment news is good (I think). The Bureau of Labor Statistics reported yesterday that the unemployment rate has fallen from 9.8% in November to 9.0% in January, as big a two-month drop as we've seen in the last 50 years (hooray! ...

Denver Broncos <b>News</b>: Horse Tracks - 2/6/11 - Mile High Report

Horse Tracks -- Your Daily Cup of Orange and Blue Coffee.

Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>

Here's all the fashion news that's fit to print! Enjoy!


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Introducing a new localism to media, per a UK government action plan released Wednesday morning, may be a worthwhile aim - but culture secretary Jeremy Hunt has picked the wrong medium to start with, a decision that could be ultimately self-defeating.



The review he commissioned told him only broadband TV could support truly local TV services; a Freeview alternative, as Hunt has picked, could supply a measly 10 cities - undermining the policy’s aim.

See more of our latest Legal coverage
or add an alert for future coverage of Legal.



Yet, whilst the internet does not yet reach everybody, a web service would reach a far greater audience and would provide a better platform for future growth.



Although we know it’s connected to the Big Society doctrine, Hunt had not, until today, articulated why local information provision is important…



If it is to reconnect citizens with the business of their local governments and communities, such a plan could have better invested in amplifying the many disparate communication efforts, already undertaken by local councils, through digital media, alongside small advertisers, community groups etc.



Nicholas Shott’s review for Hunt made clear there is little chance of such an enterprise making money. Yet Hunt has conceived a model which, first and foremost, invites commercial tenders, funded by national advertising. Far better might have been an effort that puts the citizen first - a grassroots one, run on a cost-neutral basis, whose product would likely have been more direct-access information and interpretation than TV talking heads. Why not involve community groups from that same Big Society which the UK government is trying to create, rather than just commercial broadcasters?



The pieces are already there - look at the countless council websites, the excellent work on democratic access by MySociety with projects like TheyWorkForYou and FixMyStreet, the video streams broadcast by local governments, the new wave of local blogs - oh, and the hundreds of newspapers which already exist in communities across the land.



The way people get their local information has changed considerably in recent years - and not just for young urbanite geeks. But Hunt has proposed an old-fashioned model - a new Freeview TV channel with local opt-outs - that sounds rather like ITV’s traditional remit, while ITV (LSE: ITV) News itself limps poorly on in the regions, waiting to be put out of its misery. Why not just fix ITV?



While existing local media like newspapers, under economic and structural pressure, struggle to perform the same function of Hunt’s new aim (“provide citizens with a voice, local businesses with a platform for promotion and advertising and the local democratic process with greater accountability”), Hunt has decided to turn his head toward another medium, but still an old one, to do the job from scratch.



By offering local content only to a handful of the UK’s largest cities, Hunt may, by implication, create a two-tier system, in which some electors are well-informed and others are less so. Hunt even acknowledges that devolved nations have an entirely different inclination (“A local TV solution in the nations might be nation-wide”).



Better than all this may have been to lay the groundwork for a truly nationwide, next-generation, text- and video-based local information network - after all, the internet has a knack of being an everything medium, itself supporting many different kinds of media.



If Hunts stays true to the aims of the policy, such a service does not necessarily need to be primarily a lumbering audio-visual one, like in days gone by.



But Hunt, whilst accepting that a mass IPTV audience is some way off (it will figure merely “in due course”), has skipped over serious consideration of online because he has conceived the service first and foremost as a television enterprise.



By kicking the IPTV ball in to the long grass in favour of Freeview now, Hunt risks letting in old-guard broadcasting types who are merely keen to get their hands on valuable DTT spectrum at a knock-down price.






benchcraft company scam

Econbrowser: The employment <b>news</b> is good (I think)

The employment news is good (I think). The Bureau of Labor Statistics reported yesterday that the unemployment rate has fallen from 9.8% in November to 9.0% in January, as big a two-month drop as we've seen in the last 50 years (hooray! ...

Denver Broncos <b>News</b>: Horse Tracks - 2/6/11 - Mile High Report

Horse Tracks -- Your Daily Cup of Orange and Blue Coffee.

Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>

Here's all the fashion news that's fit to print! Enjoy!


bench craft company reviews
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228 Years of Perpetual Motion and a Chick That Poos Candy by Ic...


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Econbrowser: The employment <b>news</b> is good (I think)

The employment news is good (I think). The Bureau of Labor Statistics reported yesterday that the unemployment rate has fallen from 9.8% in November to 9.0% in January, as big a two-month drop as we've seen in the last 50 years (hooray! ...

Denver Broncos <b>News</b>: Horse Tracks - 2/6/11 - Mile High Report

Horse Tracks -- Your Daily Cup of Orange and Blue Coffee.

Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>

Here's all the fashion news that's fit to print! Enjoy!


benchcraft company scam





Introducing a new localism to media, per a UK government action plan released Wednesday morning, may be a worthwhile aim - but culture secretary Jeremy Hunt has picked the wrong medium to start with, a decision that could be ultimately self-defeating.



The review he commissioned told him only broadband TV could support truly local TV services; a Freeview alternative, as Hunt has picked, could supply a measly 10 cities - undermining the policy’s aim.

See more of our latest Legal coverage
or add an alert for future coverage of Legal.



Yet, whilst the internet does not yet reach everybody, a web service would reach a far greater audience and would provide a better platform for future growth.



Although we know it’s connected to the Big Society doctrine, Hunt had not, until today, articulated why local information provision is important…



If it is to reconnect citizens with the business of their local governments and communities, such a plan could have better invested in amplifying the many disparate communication efforts, already undertaken by local councils, through digital media, alongside small advertisers, community groups etc.



Nicholas Shott’s review for Hunt made clear there is little chance of such an enterprise making money. Yet Hunt has conceived a model which, first and foremost, invites commercial tenders, funded by national advertising. Far better might have been an effort that puts the citizen first - a grassroots one, run on a cost-neutral basis, whose product would likely have been more direct-access information and interpretation than TV talking heads. Why not involve community groups from that same Big Society which the UK government is trying to create, rather than just commercial broadcasters?



The pieces are already there - look at the countless council websites, the excellent work on democratic access by MySociety with projects like TheyWorkForYou and FixMyStreet, the video streams broadcast by local governments, the new wave of local blogs - oh, and the hundreds of newspapers which already exist in communities across the land.



The way people get their local information has changed considerably in recent years - and not just for young urbanite geeks. But Hunt has proposed an old-fashioned model - a new Freeview TV channel with local opt-outs - that sounds rather like ITV’s traditional remit, while ITV (LSE: ITV) News itself limps poorly on in the regions, waiting to be put out of its misery. Why not just fix ITV?



While existing local media like newspapers, under economic and structural pressure, struggle to perform the same function of Hunt’s new aim (“provide citizens with a voice, local businesses with a platform for promotion and advertising and the local democratic process with greater accountability”), Hunt has decided to turn his head toward another medium, but still an old one, to do the job from scratch.



By offering local content only to a handful of the UK’s largest cities, Hunt may, by implication, create a two-tier system, in which some electors are well-informed and others are less so. Hunt even acknowledges that devolved nations have an entirely different inclination (“A local TV solution in the nations might be nation-wide”).



Better than all this may have been to lay the groundwork for a truly nationwide, next-generation, text- and video-based local information network - after all, the internet has a knack of being an everything medium, itself supporting many different kinds of media.



If Hunts stays true to the aims of the policy, such a service does not necessarily need to be primarily a lumbering audio-visual one, like in days gone by.



But Hunt, whilst accepting that a mass IPTV audience is some way off (it will figure merely “in due course”), has skipped over serious consideration of online because he has conceived the service first and foremost as a television enterprise.



By kicking the IPTV ball in to the long grass in favour of Freeview now, Hunt risks letting in old-guard broadcasting types who are merely keen to get their hands on valuable DTT spectrum at a knock-down price.






benchcraft company scam

228 Years of Perpetual Motion and a Chick That Poos Candy by Ic...


bench craft company reviews

Econbrowser: The employment <b>news</b> is good (I think)

The employment news is good (I think). The Bureau of Labor Statistics reported yesterday that the unemployment rate has fallen from 9.8% in November to 9.0% in January, as big a two-month drop as we've seen in the last 50 years (hooray! ...

Denver Broncos <b>News</b>: Horse Tracks - 2/6/11 - Mile High Report

Horse Tracks -- Your Daily Cup of Orange and Blue Coffee.

Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>

Here's all the fashion news that's fit to print! Enjoy!


benchcraft company scam

228 Years of Perpetual Motion and a Chick That Poos Candy by Ic...


benchcraft company portland or

Econbrowser: The employment <b>news</b> is good (I think)

The employment news is good (I think). The Bureau of Labor Statistics reported yesterday that the unemployment rate has fallen from 9.8% in November to 9.0% in January, as big a two-month drop as we've seen in the last 50 years (hooray! ...

Denver Broncos <b>News</b>: Horse Tracks - 2/6/11 - Mile High Report

Horse Tracks -- Your Daily Cup of Orange and Blue Coffee.

Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>

Here's all the fashion news that's fit to print! Enjoy!


benchcraft company portland or

Econbrowser: The employment <b>news</b> is good (I think)

The employment news is good (I think). The Bureau of Labor Statistics reported yesterday that the unemployment rate has fallen from 9.8% in November to 9.0% in January, as big a two-month drop as we've seen in the last 50 years (hooray! ...

Denver Broncos <b>News</b>: Horse Tracks - 2/6/11 - Mile High Report

Horse Tracks -- Your Daily Cup of Orange and Blue Coffee.

Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>

Here's all the fashion news that's fit to print! Enjoy!


bench craft company reviews

Econbrowser: The employment <b>news</b> is good (I think)

The employment news is good (I think). The Bureau of Labor Statistics reported yesterday that the unemployment rate has fallen from 9.8% in November to 9.0% in January, as big a two-month drop as we've seen in the last 50 years (hooray! ...

Denver Broncos <b>News</b>: Horse Tracks - 2/6/11 - Mile High Report

Horse Tracks -- Your Daily Cup of Orange and Blue Coffee.

Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>

Here's all the fashion news that's fit to print! Enjoy!


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bench craft company reviews

228 Years of Perpetual Motion and a Chick That Poos Candy by Ic...


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bench craft company reviews

Econbrowser: The employment <b>news</b> is good (I think)

The employment news is good (I think). The Bureau of Labor Statistics reported yesterday that the unemployment rate has fallen from 9.8% in November to 9.0% in January, as big a two-month drop as we've seen in the last 50 years (hooray! ...

Denver Broncos <b>News</b>: Horse Tracks - 2/6/11 - Mile High Report

Horse Tracks -- Your Daily Cup of Orange and Blue Coffee.

Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>

Here's all the fashion news that's fit to print! Enjoy!


benchcraft company scam

A few months ago, I wrote an introductory article about ways that online game players have been making real money in virtual worlds. While many game companies have enacted measures against the practice of some players selling characters, weapons, and loot at auction websites like eBay, these players in turn have become more sophisticated. (Note that eBay banned the sale of in-game items and other virtual assets in 2007)

"Gold Farming"

In Asian countries, particularly Korea and China, massively multiplayer online role-playing game players number in the millions, much more than in the United States. Lineage and World of Warcraft have the in-game largest populations. There, in fact, Asian companies that pay employees on eight-to-ten hour shifts to do nothing but accumulate in-game "loot" by fighting game characters and monsters known to "drop" loot. This practice is known as "gold farming." These companies have been criticized for the extremely low paid player-employees.

Power Levelers

EZGamers is a service where novice massively multiplayer online game players can "rent" professional players (known as Power Levelers) to move their in-game characters up to more advanced game levels. The prime objective is to make a player's character more powerful.

24 hours of focused game play by a professional power leveler will cost a less experienced player about $25.

These types of services also sell pre-leveled characters.

In-Game Crafters

In some online multi-player games, like EverQuest II, players are offered the option of being "crafters", only rarely engaging in combat. Full-time crafters mostly do nothing but "craft" or manufacture in-game items like potions, spells, weapons, or armor. Some of these players sell their crafted items on auction sites for real money. Note that Station Exchange is the Sony-sponsored official auction site for EverQuest in-game items.

Entropia Universe

In 2006, Swedish multiplayer online game maker of Entropia Universe planned to introduce a real world ATM card into their game, allowing players to withdraw real cash from their game's virtual bank account. In 2007, Mastercard told the game company that they would no longer support the game's ATM Project.

Sparter

In 2007, a Silicon Valley company launched Sparter, an online peer-to-peer in-game item exchange operating much like an online stock broker. They earn their profits on trade commissions from sellers and specialize in World of Warcraft, a game with nine million subscribers.

Note that some online game companies like NCSoft, makers of Lineage, a MMORPG with millions of players, have banned more than 200,000 players for buying and selling virtual items for real money. The most vulnerable of game companies have been those who have introduced virtual currencies into their games.

Most massively multiplayer online game players have contempt for these pre-paid game shortcuts, claiming that these practices spoil a level playing field as well as the game economies, overvaluing certain items within the game.

SOURCES:

"The Life of the Chinese Gold Farmer", Julian Dibbell, New York Times, URL: (http://www.nytimes.com/2007/06/17/magazine/17lootfarmers-t.html?ei=5090&en=1676d344608cb590&ex=1339732800)

"Paying Real Money to Win Online Games", Robert Siegel, NPR, URL: (http://www.npr.org/templates/story/story.php?storyId=5032947)

"Virtual Cash Exchange", Mark Ward, BBC, URL: (http://news.bbc.co.uk/2/hi/technology/3368633.stm)

http://www.businessweek.com/magazine/content/06_18/b3982001.htm

"Gaming the Online Games", Mark Russell, Newsweek, URL: (http://www.msnbc.msn.com/id/6199780/site/newsweek)

"Sparter Opens Virtual Money Market", Ryan Olson, Red Herring, URL: (http://www.redherring.com/Article.aspx?a=22582&hed=Sparter+Opens+Virtual+Money+Market+§or=Industries&subsector=InternetAndServices)

"Making Money in Virtual Worlds", Laurence Holland and David Ewalt, Forbes, URL: (http://www.forbes.com/careers/2006/08/07/virtual-world-jobs_cx_de_0807virtualjobs.html)

"Entropia Universe players", Seth Schiesel, New York Times, URL: (http://www.nytimes.com/2006/05/02/arts/02entr.html?ex=1185768000&en=c0d0722216883506&ei=5070)

http://news.bbc.co.uk/2/hi/technology/4953620.stm

http://www.3pointd.com/20070131/entropia-atm-bank-ditched-by-mastercard/


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Econbrowser: The employment <b>news</b> is good (I think)

The employment news is good (I think). The Bureau of Labor Statistics reported yesterday that the unemployment rate has fallen from 9.8% in November to 9.0% in January, as big a two-month drop as we've seen in the last 50 years (hooray! ...

Denver Broncos <b>News</b>: Horse Tracks - 2/6/11 - Mile High Report

Horse Tracks -- Your Daily Cup of Orange and Blue Coffee.

Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>

Here's all the fashion news that's fit to print! Enjoy!


big seminar 14

Econbrowser: The employment <b>news</b> is good (I think)

The employment news is good (I think). The Bureau of Labor Statistics reported yesterday that the unemployment rate has fallen from 9.8% in November to 9.0% in January, as big a two-month drop as we've seen in the last 50 years (hooray! ...

Denver Broncos <b>News</b>: Horse Tracks - 2/6/11 - Mile High Report

Horse Tracks -- Your Daily Cup of Orange and Blue Coffee.

Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>

Here's all the fashion news that's fit to print! Enjoy!


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Wednesday, February 2, 2011

Making Money Through



"It was like avoiding an atom bomb, or in this case, a financial bomb," quipped one Morgan Stanley trader.



That was his reaction to Monday's surprisingly strong stock market performance following Friday's wicked 166-point decline in the Dow in the wake of the Egyptian riots.



The consensus of some market watchers over the weekend was that all hell might break loose on Monday, but it never happened. The market opened higher, never looked backed and wound up the day higher, with the Dow rising more than 68 points.



Even the Wall Street Journal guessed wrong, telling its readers over the weekend that U.S. stocks were likely to extend their Friday tumble when the market opened Monday. Actually, when you think about it, the Journal should have been right, given the obvious risks related to the riots, notably:



-- They might encourage terrorists to spread the riots to destabilize other Mideast regimes, such as Jordan and Saudi Arabia.



-- Lead to a possible disruption in the transportation of 2 percent of the world's oil through the Egyptian-controlled Suez Canal, which would cause the price of crude to skyrocket.



-- More than likely heighten tensions between Israel and its neighbors should Egyptian president Hosni Mubarak (who announced he will not seek re-election) leave and radical elements take control of the country, the leading Arab peacemaker in the region.



Apparently, investors pooh-poohed the significance of these risks. Though investors escaped the ravages of the riots on Monday, the question is raised as to whether Wall Street is making a mistake by downplaying the crisis. Some market watchers suggest yes.



One is well-regarded Wall Street veteran, Fred Dickson, chief investment strategist of D.A. Davidson & Co. in Great Falls, Montana, who argues the worst may not be over yet as far as the Egyptian conflict goes. It will prey on investors' minds until stability is restored, he says. "It's like a flash fire; either it goes out right away or it smolders. This one will smolder."



Dickson figures the Egyptian situation will lead to above average market volatility for the next month or so. One obvious danger, he notes, is the possibility that extremist elements may gain control of the country. If that happens, he observes, "look for a nasty market decline."



In any event, Davidson sees stock prices vulnerable to a 3 percent to 5 percent pullback some time soon. "This market has come awfully far awfully fast and looks overextended," he says.



Another market watcher also questions the wisdom of downplaying the crisis. He's Costa Rican money manager Felix Heligmann, who manages about $93 million of family and friends' assets.



About a week ago with the Dow hovering around 12,000, up about 20 percent since late August, he told me "The U.S. market is acting so strong that you really have to be a player and I'm going to increase my position."



But that was a week ago. Now, in light of the riots in Egypt, he's had a change of heart. "I've changed my mind about doing more buying," Heligmann says. "The market is acting like the events in Egypt were a non-event. That's reckless, scary and it's also not right because too many things there could go wrong. Does anyone," he asks, "really think the U.S. haters in the Mideast are not plotting ways to worsen this crisis?"



Whether he's right or wrong is anybody's guess. But for sure, he's dead on about the market, which, based on its ongoing strength, looks like a combination of Samson, Hercules and Conan the Barbarian all wrapped up into one.



Citigroup views the political unrest in Egypt as little more than "a short-term challenge." In addition, a Rasmussen poll shows that 75 percent of the participants don't think the Egyptian problems will spread.



I only wish I could be so cocksure. Reminds me of this boat captain who assured an alarmed passenger: "Don't worry; the Titanic could never sink."



What do you think? E-mail me at CDandordan@aol.com.








Okay folks, it looks like the whole country is now playing Peter Peterson's budget ball. For those not familiar with him, Peterson is a Wall Street investment banker. He has made billions of dollars through his dealings and government subsidies, and now he is using much of this money to accomplish a lifelong quest, gutting Social Security and Medicare.



Toward this end, he has set up a fake news service (the "Fiscal Times"); he's funded scary, anti-Social Security documentaries; sponsored a set of rigged public forums (America Speaks) and even paid for the construction of a high school curriculum to indoctrinate school children. According to some accounts, he is now the largest employer in the DC area after the Pentagon.



The way Peterson's budget game works is that you get some deficit or debt target. This is against a backdrop where the baseline projections show the deficits going through the roof in 10-20 years. The reason for the exploding deficit is the projection of exploding health care costs. The US would be looking at massive budget surpluses if it had the same per person health care costs as any other wealthy country.



Under the rules of Peterson's budget ball, you are not allowed to do anything about rising health care costs. In fact, reform of the private health care system was explicitly ruled out as an option at the Peterson-funded America Speaks forums.



This means, for example, that we can't reduce prescription drug costs by adopting a more efficient mechanism for financing drug research. The Center for Medicare and Medicare Services projects that the country will spend more than $3.3 trillion on prescription drugs over the next decade. We would probably spend less than one-tenth of this amount if drugs were sold in a free market, but Peterson's budget ball doesn't let you reform the system of financing drug research. You can't even go the intermediate step of public financing of clinical trials advocated by Joe Stiglitiz, the Nobel laureate who was President Clinton's chief economist.



Peterson budget ball also doesn't let contestants take any of the other steps that could bring US health care costs more in line with costs elsewhere. This would include letting Medicare beneficiaries buy into more efficient health care systems elsewhere. This could put tens of thousands of dollars into the pockets of beneficiaries each year while saving the government trillions of dollars in the coming decades.



Nor does Peterson budget ball allow for medical tourism, which could lead to huge cost savings as people get their health care in other countries to escape our broken system. Peterson's budget ball also does not allow contestants to take down the barriers that prevent more foreigners from coming to practice medicine in the US, bringing physicians' wages here in line with the rest of the world.



Not only does Peterson's budget ball prevent contestants from fixing the health care system. He also doesn't want them to tax Wall Street speculation. This source of revenue could raise close to $1.8 trillion over the course of a decade. Virtually all of the revenue would come at the expense of the financial industry, since most investors would simply cut back their trading in response to any increase in trading fees.



And Peterson doesn't want anyone to consider the possibility that we could have the Federal Reserve Board simply hold the government bonds it is now buying, so that taxpayers are not burdened with hundreds of billions a year in additional interest payments. If the Fed held $3 trillion in bonds in 2020, offsetting the inflationary impact with higher reserve requirements, it would save the country $150 billion a year in interest.



Their argument is that we wouldn't want Congress dictating policy to the Federal Reserve Board. After all, the Fed has done such a great job. According to the claims of its chairman, Ben Bernanke, the Fed's policies brought us to the brink of a second Great Depression. With that sort of track record, how can anyone suggest making the Fed more accountable?



In short, in Peterson's budget ball, we can't make any changes that might create any serious inconvenience for the rich and powerful. We can have some small cuts in defense and modest tax increases for the rich as window dressing, but what we are left with is a massive budget deficit and nothing but Social Security, Medicare, and other social programs left to cut.



That might sound like a rigged game, but Peterson is paying for it, so he gets to set the rules. What else would we expect? The big question is whether President Obama is also playing this game. We will find out Tuesday.







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Apple to open Verizon iPhone sales February 9 | iLounge <b>News</b>

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Cable <b>News</b> Ratings: Top 30 Programs For January 2011 (PHOTOS)

In a way, January's cable news ratings are no surprise: Fox News overwhelmed the competition, and MSNBC beat CNN. But there were some interesting tidbits to be found in the end-of-the-month rankings.

Good <b>News</b> for Katie Holmes! &#39;The Kennedys&#39; Miniseries Finds a Home <b>...</b>

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Friday, January 28, 2011

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The Most Anticipated Products & Technologies of 2011 PCMagazine


Georgia Prisoners End Protest, But Continue Demands ColorLines (hat tip reader essy). This is from two weeks back. but is relevant because I linked to a story that discussed the strike and never put a link to one on how it played out.


Doctors Getting Rich With Fusion Surgery Debunked by Studies Bloomberg. Back surgery is arguably the most abused type of surgery, but there are also a lot of knee procedures that have low efficacy rates.


Former NIH Director Spins Through Revolving Door, Ends Up at Sanofi-Aventis Health Care Renewal (hat tip reader Francois T)


Pricing Fracas Leads to Coal Shortage Caixin


Alter’s ‘The Promise’ Epilogue: Obama Team’s Dysfunction Prompted Lack Of Focus On Jobs; Bill Clinton Annoyed At White House Huffington Post (hat tip reader Tim S). Ahem, I think this infighting story is still too kind to Obama. This is a corporatist team, and any plan from the principals, even if any one had had free rein, would have amounted to rearranging the deck chairs on the Titanic. In addition, Obama has shown repeatedly that he is more interested in being able to claim he got a deal/policy done rather than having said deal/policy make an iota of sense.


Manhattanites Seek Luxury Rentals as Cost Beats Buying Bloomberg


Curiously Weak Consumer Confidence Tim Duy


Rattner to Pay $10 Million in Settlement With Cuomo New York Times


Why Can’t Europe Avoid Another Crisis? Why Can’t the U.S.? Simon Johnson


Retailers Swipe at Credit-Card Plan Wall Street Journal


Commercial property loans pose new threat Gillian Tett, Financial Times. Not new news, but a reminder of how central banks have painted themselves in a corner with super low interest rates.


Biggest Surprise of Last Two Years: Bad at Losing Mike Konczal


Noncompliance with HAMP Guidelines as an Affirmative Foreclosure Defense? Adam Levitin, Credit Slips


Why the Rich Are Getting Richer Foreign Affairs (hat tip reader May S). Today’s must read.


Antidote du jour:




OK, I admit it. I’m all out of news, and I’ve succumbed to writing a dreaded listicle, the link-bait piece that tallies up X amount of things and sends people rushing to their browsers. They’re cheap to produce and ready as brain candy, and if applied properly would get people reading a lot more classic literature.


That said, it’s worth mapping out what will be the biggest stories to chronicle in 2011, what I’ll be looking toward. I’m not at all surprised that this list includes only one actual set of legislation from Congress; the action will occur elsewhere next year.


So here’s the list of 10 (plus one), in a sort-of descending order of importance.


1) Jobs. Will the economy expand enough to produce enough jobs to bring down the unemployment rate significantly? In other words, will the stronger economy mean actual jobs for workers? I’ve been looking at this periodically over the past week. Leading indicators, including the most recent one today on first time jobless claims, can show a positive outlook. They can also show a negative one if you factor in other pieces. Will the “stimulus” from the tax cut deal hold and not get offset? Will the housing market continue to bottom out? Will state and local government shortfalls continue to drag on employment? Will external factors from Europe or elsewhere play a role?


One thing is clear; any conditions putting upward pressure on jobs are done, from a fiscal standpoint. The Administration must hope that the blueprint now in place will be enough, and that businesses will begin to seek loans, find customers, and hire US workers. It’s a big bet.


2) The Budget Showdown: This obviously plays to the first bit. We know that the Republicans were able to stop an omnibus spending bill, setting the new Republican House up for the ability to demand major spending cuts when the continuing resolution runs out on March 4. In addition, the debt limit will need to be increased sometime in the early spring, allowing for another hostage-taking situation, with the full faith and credit of the US government on the line. And, key laws from the last Congress, like health care, financial reform and food safety, have not yet been funded, setting up another roadblock that Republicans can use to their advantage.


Republicans want discretionary, non-defense, non-entitlement spending to go back to 2008 levels, which would require a cut of around 20%, or $100 billion dollars. This would cancel out any stimulus from the tax cut deal in 2011. Most of these cuts will be targeted at safety net programs and normal government operations; the effect would be to cripple government’s ability to function. Republicans could also ask for concessions on future Social Security spending.


Democrats aren’t exactly helping matters, with a bipartisan gang in the Senate planning to submit the Bowles-Simpson catfood commission recommendations as legislation in the new year. This becomes a bipartisan baseline that could be a launching pad for a bad compromise.


The President could come out today and say he won’t sign any bill that hurts the economy, which is precisely what cuts like this would do. So far, he’s both rejected 20% across-the-board cuts, but said that he would like to deal with the budget deficit and cut programs “that don’t work.” There are further rumblings of a grand bargain, with the President offering his own deficit reduction plan in the State of the Union. Stay tuned.


3) The State Attorneys General Investigation Into Foreclosure Fraud. Obviously foreclosure fraud, and the associated title problems, represent the greatest systemic risk to the economy. Banks made so many errors in the origination and securitization phases of mortgage lending, and they are trying to cover up for it by illegally forcing people out of their homes. The Attorneys General investigation, signed on by all 50 AGs across the country and headed by Iowa’s Tom Miller, is focused mainly on the consumer fraud from robo-signing and illegal foreclosures. But the early reports show that the AGs have the right idea, to permanently halt the foreclosure crisis through mandating principal reductions. Miller also recently told a group of activists that “we will put people in jail” by seeking prosecutions for consumer fraud.


The investigation will probably wrap up next year, though it’s uncertain exactly when. Congress and the federal regulators don’t really want to fix this foreclosure crisis. State AGs have more accountability and, at least at the top, understand the issue more. This could be consequential.


4) Foreclosure Fraud in the Courts: This is related to #3. Banks have more to fear than state AGs. They will have to fend off a variety of lawsuits and court cases in order to avoid the worst effects of foreclosure fraud. Defense attorneys continue to challenge foreclosures, and there’s evidence that they are getting a much stronger hearing from judges. In New Jersey, a judge next month could effectively freeze the entire foreclosure market, forcing the servicers to show cause for why foreclosure processes should not be suspended. Judges in New York and elsewhere are putting stronger pressure on lawyers to certify the information filed in foreclosure proceedings or be held personally responsible for errors.


Class action lawsuits have popped up all over the country, from Attorneys General who find loan servicers violating the HAMP program, and from foreclosure victims defrauded out of their homes. But the bigger lawsuits involve investors in mortgage backed securities, who want to force the banks to repurchase the securities because of flaws in the securitization process. The case Countrywide v. Kemp showed that Countrywide did not convey the assets of the mortgage to the trust, and if this was habitual, practically all mortgage backed securities are basically non-mortgage backed securities, which could then be put back on the banks. Matt Taibbi predicted that some bank could be brought to ruins over repurchases or foreclosure fraud lawsuits, and the numbers add up; a serious set of put-backs would make any major bank insolvent. This may not happen next year, these cases take a long time, but it’s something to watch.


5) July 2011 in Afghanistan: It seems clear that US forces will leave Iraq at the end of 2011, as scheduled. We know that July 2011 was initially seen as an “inflection point” in Afghanistan, a time when forces would transition responsibility to the Afghans and begin a phased withdrawal. More recently, the goalposts have shifted on that, with 2014 emphasized as the date when Afghans can take responsibility. There’s no real sense on what July 2011 means now; Joe Biden keeps insisting that the withdrawals at that time will be “major,” while the military keeps downplaying them. In addition, the war looks like a raging mess, and it will be fascinating to see whether the new Tea Party Republicans in Congress will break from the orthodoxy of their party and start calling for withdrawal. Democrats got over 160 votes for a withdrawal resolution in Congress this year; will that come up again?


6) Gay Rights: The passage of the legislative repeal of Don’t Ask Don’t Tell is only a beginning to an eventual repeal certified by the President and the military. I’d expect advocates to be unrelenting until that gets signed. But on other fronts, Congress will not be the main driver, at least not with new Republican strength. That will fall to the courts. There are several gay rights lawsuits in the pipeline that will get at least a partial resolution in 2011. The lawsuit over Prop 8, which banned gay marriage in California, Perry v. Schwarzenegger, should have its appeal decided by the 9th Circuit soon, and regardless of the outcome, I’d expect that to get appealed to the Supreme Court. That could get combined with a Massachusetts case which has ruled DOMA unconstitutional. It’s even possible that, under a fast track, you could see a decision from the Supreme Court on marriage equality this year, though 2012 is more likely.


Vice President Biden recently remarked that gay marriage in America is inevitable, and certainly there’s been a cultural shift on the issue. But the advances will have to come at the courthouse door for the next year. I would expect some lawsuits on anti-discrimination in the workplace as well, with the military held up as a model.


7) The Filibuster: We’re going to know the outcome of this one five days into the new year. At the beginning of the next Congress, the Senate will try to write new rules that would speed up the legislative process and potentially force the party filibustering to engage in a real filibuster. The rules reform package is starting to take shape, and while it falls short of a repeal of the supermajority requirement, it does deliver a warning shot to the obstructionists, making clear that the rules can and will be changed.


However, Harry Reid and Mitch McConnell may be working on a deal that would blunt the impact of the new rules. On a separate track from the Democratic caucus, Reid and the Republican leadership are negotiating rules changes. Reid would seem to have the upper hand in those negotiations, since he can just fall back on the changes promoted by Tom Udall and Jeff Merkley. But this could end up derailing an ambitious move to change the character of the Senate. We’ll know the result next week.


8) Wikileaks Takes on BofA: Obviously Wikileaks will remain a major story in 2011. Just a fraction of the 250,000 State Department cables in their possession have been released, and Julian Assange’s legal troubles have yet to even begin to be untangled. But Assange has another ace up his sleeve. Wikileaks is reportedly working on the release of sensitive documents that would implicate a major bank, thought to be Bank of America. Allegedly, they obtained the hard drive of a BofA executive, revealing fraud and unethical practices. Wikileaks plans to release this early next year, and while BofA is publicly not worried, they have privately started buying up anti-BofA domain names as a defensive measure. If the documents are as explosive as Wikileaks claims, this could just add to BofA’s troubles in the new year.


9) The States: Right now, public employee jobs are tracking significantly downward, following the exact opposite track as the private sector. This is because of the crisis in state budgets which has continued unabated for the past few years. This year, studies predict a $118 billion dollar shortfall in state and local budgets. Because most states have balanced budget requirements, this shortfall must get offset by tax hikes or spending cuts. Typically these fall on public employees, and Republicans in the states, who have gone to war with public employees, want to make it easier for states to go bankrupt and restructure union contracts. Some of the predictions here are overblown, but there’s no question that a new group of Republican governors want to destroy public employee unions in their states, and may not honor the sanctity of their contracts.


In addition to that bad news in the states, however, there are some interesting and hopeful signs. California may seek tax increases on the ballot next summer, which would reverse the Prop 13 trend and bring the structural budget gap more into ballot. It’s one of the biggest progressive fights of the year. Vermont may really switch to a single-payer health care system this year; it’s not a pipe dream. And Masschusetts will join several other states in setting limits for greenhouse gas emissions, as the states embark upon what the federal government couldn’t do for itself; serious carbon reductions in the atmosphere. There’s a lot going on in the states.


10) The Euro Crisis: The global economy could easily be brought down, if not roiled, by the cascading series of debt crises in Europe. We’ve already seen Greece and Ireland laid low by the bond markets and forced to accept severe austerity budgets; Spain, Portugal and Italy could be next. The austerity doesn’t help these countries with their budget gaps and only impairs the global economy, but no matter. Devaluation and a breakup of the euro is a far better option from an economic standpoint, but it’s unlikely to happen. Concurrent with the austerity has been a new wave of activism throughout Europe, which could boil over in 2011.


And….


Bonus) the 2012 Republican Presidential primary. Strangely, no candidate has yet announced that they’re running for President, despite several announcements at this time four years ago. The leading candidates at this point on the GOP side include Mitt Romney, Mike Huckabee, Sarah Palin, Newt Gingrich, Tim Pawlenty, John Thune and Mitch Daniels. All of them have their strengths and weaknesses, but all that will matter to the GOP base is how completely crazy they are. So we’ll see this endless lurch to the right in the primaries to please the base, and it will be entertaining in a morbid sense.




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In another attempt to undo the Internet, the New York Times, the Washington Post and the Gannett chain today launched a new service that they hope will convince readers to pay for their content, even though much of it is already ...

AMERICAblog <b>News</b>: Financial Crisis Inquiry Commission: Crisis was <b>...</b>

While this doesn't come as much of a shock to anyone who lives outside of the Washington bubble, it may be big news inside the bubble. Of course it was avoidable and of course both Democrats and Republicans deserve plenty of blame. ...



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American Tourist&#39;s Murder Case Solved? « Liveshots

Israeli police have lifted a gag order Wednesday on the arrest of a Palestinian criminal cell.

Newspapers Try to Reimpose Scarcity on <b>News</b> With Ongo: Tech <b>News</b> <b>...</b>

In another attempt to undo the Internet, the New York Times, the Washington Post and the Gannett chain today launched a new service that they hope will convince readers to pay for their content, even though much of it is already ...

AMERICAblog <b>News</b>: Financial Crisis Inquiry Commission: Crisis was <b>...</b>

While this doesn't come as much of a shock to anyone who lives outside of the Washington bubble, it may be big news inside the bubble. Of course it was avoidable and of course both Democrats and Republicans deserve plenty of blame. ...



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American Tourist&#39;s Murder Case Solved? « Liveshots

Israeli police have lifted a gag order Wednesday on the arrest of a Palestinian criminal cell.

Newspapers Try to Reimpose Scarcity on <b>News</b> With Ongo: Tech <b>News</b> <b>...</b>

In another attempt to undo the Internet, the New York Times, the Washington Post and the Gannett chain today launched a new service that they hope will convince readers to pay for their content, even though much of it is already ...

AMERICAblog <b>News</b>: Financial Crisis Inquiry Commission: Crisis was <b>...</b>

While this doesn't come as much of a shock to anyone who lives outside of the Washington bubble, it may be big news inside the bubble. Of course it was avoidable and of course both Democrats and Republicans deserve plenty of blame. ...



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American Tourist&#39;s Murder Case Solved? « Liveshots

Israeli police have lifted a gag order Wednesday on the arrest of a Palestinian criminal cell.

Newspapers Try to Reimpose Scarcity on <b>News</b> With Ongo: Tech <b>News</b> <b>...</b>

In another attempt to undo the Internet, the New York Times, the Washington Post and the Gannett chain today launched a new service that they hope will convince readers to pay for their content, even though much of it is already ...

AMERICAblog <b>News</b>: Financial Crisis Inquiry Commission: Crisis was <b>...</b>

While this doesn't come as much of a shock to anyone who lives outside of the Washington bubble, it may be big news inside the bubble. Of course it was avoidable and of course both Democrats and Republicans deserve plenty of blame. ...



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American Tourist&#39;s Murder Case Solved? « Liveshots

Israeli police have lifted a gag order Wednesday on the arrest of a Palestinian criminal cell.

Newspapers Try to Reimpose Scarcity on <b>News</b> With Ongo: Tech <b>News</b> <b>...</b>

In another attempt to undo the Internet, the New York Times, the Washington Post and the Gannett chain today launched a new service that they hope will convince readers to pay for their content, even though much of it is already ...

AMERICAblog <b>News</b>: Financial Crisis Inquiry Commission: Crisis was <b>...</b>

While this doesn't come as much of a shock to anyone who lives outside of the Washington bubble, it may be big news inside the bubble. Of course it was avoidable and of course both Democrats and Republicans deserve plenty of blame. ...



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American Tourist&#39;s Murder Case Solved? « Liveshots

Israeli police have lifted a gag order Wednesday on the arrest of a Palestinian criminal cell.

Newspapers Try to Reimpose Scarcity on <b>News</b> With Ongo: Tech <b>News</b> <b>...</b>

In another attempt to undo the Internet, the New York Times, the Washington Post and the Gannett chain today launched a new service that they hope will convince readers to pay for their content, even though much of it is already ...

AMERICAblog <b>News</b>: Financial Crisis Inquiry Commission: Crisis was <b>...</b>

While this doesn't come as much of a shock to anyone who lives outside of the Washington bubble, it may be big news inside the bubble. Of course it was avoidable and of course both Democrats and Republicans deserve plenty of blame. ...