The last mystery of the financial crisis.
It's long been suspected that ratings agencies like Moody's and Standard & Poor's helped trigger the meltdown. A new trove of embarrassing documents shows how they did it. by Matt Taibbi in Rolling Stone.
: "Britain [UK] lost its top credit rating by Moody’s Investors Service, which cited weakness in the nation’s growth outlook and challenges to the government’s fiscal consolidation program. The rating on the U.K. was lowered one level to AA1 from AAA and the outlook on the nation’s debt changed to stable from negative, Moody’s said in a statement yesterday." [more inside]
"The purposes of the Association shall be to advance
At this year's meeting of the American Anthropological Association
anthropology as the science that studies public understanding of humankind in all its aspects."
, the organization's board adopted a new mission statement
whose description of its goals omitted all mention of anthropology as a science. An online debate ensued
. Some researchers in the anthropological sciences
are upset about the changes
, while right-wing culture warriors see it as another salvo in the "science wars"
or the takeover of the discipline by "fluff-head cultural anthropological types who think science is just another way of knowing."
Other anthropologists think this is an opportunity to broaden the discipline and embrace non-scientific forms of knowledge. [more inside]
AAA of Northern California
will give you a ride home, and tow your car for free tonight. Good in Norcal, Utah and Nevada.
Have a safe one all.
"One call to AAA and your worries are over,"
says the brochure. That's what Melissa Gosule's family thought, but she was kidnapped and murdered during the hours it took for AAA to get its act together. So the family is suing. Do they have a case? After all, she's not the only one who's waited
for multiple hours after calling AAA. I oughta know. [more inside]
Arthur Anderson night in Portland
From the AP wire: The Portland Beavers, the Triple-A affiliate of the San Diego Padres, are sponsoring "Arthur Andersen Appreciation Night" to poke fun at the beleaguered accounting firm...
Fans are encouraged to bring old documents to be destroyed at several "shredding stations" throughout the park. The team also will tuck away certificates for a game of "massive debt hide-and-go-seek."
A similar story
is in the Independent
is best known for free maps, 24-hr towing, jumpstarting cars, and now, ruining the environment
. Opposing auto pollution controls? Funding highway construction lobbying groups? Against airbags? Did you
know what the AAA was really up to?