Building a Green Economy, Paul Krugman on the economics of Climate change.
The Freakonomics follow up, Superfreakonomics, contains a chapter on climate change that lives up to the best selling contrarian style of authors Steven Levitt and Stephen Dubner. However actual climate scientists were not pleased with the chapter. According to the Union of Concerned Scientists, the book "repeats tired global cooling myths," "unfairly trashes climate models" and "advocates rolling the dice on unproven technology" among other faults. They have also been accused of misquoting climate scientist Ken Caldeira. Levitt and Dubner respond to their critics, Global Warming in SuperFreakonomics: The Anatomy of a Smear. [more inside]
The Trap. Are you a young, college educated liberal who can't afford health care or a place to live? In his new book, Daniel Brook says you are getting screwed by being forced to choose between a job that you would actually like or selling out so you can have a middle class lifestyle.
Remember Long Term Capital Management? The hedge fund whose collapse threatened “a systemic crisis in the world financial system”? Most people in the investment industry claim that they have learned the lessons of LTCM, but what about the rise of synthetic CDOs, “complex structures that employ wads of credit derivatives to build leverage on top of leverage-what some skeptics call "imaginary" structures?" Investments in these financial instruments has exploded from under 1 trillion USD in 2001 to more than 5 trillion at the end of last year. Are problems with synthetic CDOs behind the recent rumors of "hedge fund frailty?" largely stolen from The Agonist