Betting Against the American Dream. In 2005, just as Wall Street started to get cold feet about the housing market, the Magnetar hedge fund helped create a new wave of billion-dollar mortgage-backed securities, pushed bankers to include riskier sub-prime mortgages, and then shorted the securities, making millions when the bubble finally burst. Traders on both sides of the deals pocketed enormous fees even if their banks went under when the securities failed. Pulitzer Prize-winning ProPublica, This American Life, and NPR's Planet Money track down some of the big winners in the housing/financial crisis. No time to read or listen? It seemed so much like a scheme from The Producers, they even recorded a show tune to explain it all. (Previously, 2, 3)
Parkour is nothing new. It has been posted about before. However, what is new is this stunning example of the gymnastics in action. Watch, enjoy.
Last night I didn't fall asleep until early in the morning. And I've got a long day ahead of me. So, what the hell is making me smile at seven thirty-five in the morning? (embedded quicktime)
Updatefilter: Remember all the uproar over the new AIDS superbug? Well, think again. NY Magazine tells all about the "medical panic attack": ... After the frenzy died down, however, the new epidemic began to look a lot less fearsome. In fact, on closer examination, almost everything about this case seems murky. An investigation by the Department of Health turned up no evidence that the New York man passed the virus to anybody. And on March 29, the department put out a press release saying that the patient was responding well to his medications. ... “I thought this sounded familiar, so I Googled ‘superbug’ and ‘AIDS,’” said GMHC’s Gregg Gonsalves. He found two cases reported in 2001 by a noted Vancouver AIDS specialist, Dr. Julio Montaner. The Vancouver Sun quoted Montaner about the cases, but he could have been describing the newest Patient Zero ... March post on it here