James5

Exxon’s CEO has come out and said that he thinks a carbon tax is a better idea than a carbon market. I wonder if the recent financial crisis has made us query the ‘power of the market’ and the wisdom of giving ‘Wall Street traders’ another tool to play around with and profit from.

Popularity: 2% [?]

Great quote from Rodrik: “When developing countries get into a financial crisis, the problem must lie with their venal politicians and lack of financial discipline. When it is U.S. that is in trouble, the fault must lie with the system. Of course.”

Popularity: 3% [?]

I found this very funny. A fake Bloomberg piece on the Somali pirates “negotiating a purchase of Citigroup”.

Popularity: 2% [?]

This story is from a while ago, but is still quite funny. In the current economic climate people are finding it hard to sell their house, so instead they are running “prize draws”. Of course, now their getting in trouble for running an unlawful lottery. Very clever economics though.

Popularity: 2% [?]

This is just weird. Egypt strictly regulates the use of GPS devices, so no mobile phones with GPS are allowed. Now Apple is going to selling iPhones with GPS disabled, and even stranger it’s about triple the cost. Why bother?

Popularity: 3% [?]