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The sad truth is that we have a govt that seems intent on turning corruption into a national sport...

Today the South African parliament, dominated by the ANC, passed by a large majority a media law which will restrict and constrain independent journalism in that country. Indeed, the law seems designed to squeeze, chill or eliminate independent reporting. The state is going to be accountable to the state. [George Brock]
[more inside]
posted by not_the_water on Nov 22, 2011 - 17 comments

A speculative bubble is created when objectivity, reasoning, and valuation give way to greed and an insatiable desire for profits.

A speculative bubble is created when objectivity, reasoning, and valuation give way to greed and an insatiable desire for profits. On this date in history... October 29, 1929: The date of the stock market crash that marked the start of the Great Depression in the United States. Could it have been averted by the reading of Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay?
posted by puddsharp on Oct 29, 2002 - 21 comments

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