Relevant and even prescient commentary on news, politics and the economy.

Failure to Fix Servicing and Fallacy of “Save Banks at All Costs” Policy

The mortgage servicing abuses continue: by Yves Smith   Repeated Foreclosures on an On-Time Borrower Demonstrates Failure to Fix Servicing and Fallacy of “Save Banks at All Costs” Policy It was obvious at the time of the various mortgage “settlements” that the Administration’s policy was to make only cosmetic fixes in a badly broken servicing […]

Not Mincing Words

This is the companion first post to the Emperor Hadrian quote (lifted from comments h/t BW) here: Not Mincing Words In today’s USA Today, James Webb (“Secretary of the Navy during the Reagan administration, and a Marine platoon and company commander in Vietnam”) leads with some harsh criticism of Kerry, paticularly Kerry’s involvement with Vietnam […]

Angry Bear 2004: All kinds of catastrophe says Hadrian (prescient!)

Our own original Angry Bear speaking to the Middle East in 2004: Emperor Hadrian Webb’s claims in the first two paragraphs quoted in the previous post remind me of this quote, provided by commenter Megamike: “Beyond the Euphrates began for us the land of mirage and danger, the sands where one helplessly sank, and the […]

Who has the right to leaked water?

by David Zetland (re posted from Aguanomics) Who has the right to leaked water? SM sent this question a few months ago: My thesis is about conjunctive water use and the hydrologic externalities that arise from a change in water use (e.g., increased irrigation efficiency or canal lining). I am focusing in the canal seepage/lining […]

Is natural gas the next ethanol?

(Dan here) Ceres has published a recent report on growing corn for ethanol costs-relating to water use, where corn is grown, and why. The report includes the impact on global food prices. David Zetland at Aguanomics points us to a growing concern about the increasing use of natural gas (and fracking). Is natural gas the next […]