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Friday, October 15, 2010

News Nuggets 453

Peyto Lake in Canada.  From the Huffington Post.

The Power Struggle Among China's Elite from Foreign Policy Magazine
"Reminbi revaluation, South China Sea brinksmanship, a Nobel scuffle. What's making the Chinese act so crazy? Hint: it's election season in Beijing and no one really knows who's in charge."

The Sources of Soviet Iranian Conduct from Foreign Policy Magazine
"How George Kennan is still the best guide to today's villain inside a victim behind a veil."

Modernization Is Not Perestroika (Editorial) from the Moscow Times
"In short, Russia is a relatively free society with an authoritarian government — a symbiosis impossible from the standpoint of classical Western sociological theory, but one that seems to fit Russia."

The Best Analysis Of Obama's Dilemma (Andrew Sullivan) from the Atlantic
"another reason we supported him is that after eight years of Rove, we actually wanted a president who got the policy right. I think his success in this is quite remarkable, in fact."

Pentagon to Comply with Court Order to End 'Don't Ask, Don't Tell' from the Washington Post
"The Pentagon announced Thursday that it will comply with a court order to stop enforcing its "don't ask, don't tell" policy barring gays from serving openly in the military, even as the Obama administration asked a federal judge to delay implementation of the ruling."

The Quiet General Strikes Back (Lloyd Grove) from the Daily Beast
"Hugh Shelton was impeccably apolitical while serving as the nation’s top military man under Presidents Clinton and Bush. Now, not so much. He talks to Lloyd Grove about Bill Clinton (good), Donald Rumsfeld (bad), and John McCain (crazy), among others."

The Mortgage Morass (Paul Krugman) from the New York Times
"An epic housing bust and sustained high unemployment have led to an epidemic of default, with millions of homeowners falling behind on mortgage payments. So servicers — the companies that collect payments on behalf of mortgage owners — have been foreclosing on many mortgages, seizing many homes. But do they actually have the right to seize these homes?"

This story line supplements our second Wall Street Nugget for today:
'Mortgage Loan Pools' Latest Thing Looming Over Banks (David Faber) from CNBC
"As if the problems in foreclosures weren't enough, another potential problem for the nation's big banks is raising its head today and is the key reason that shares of banks such as Bank of America are down sharply and CDS's (credit default swaps) for some banks are widening."

The Great Battery Race from Foreign Policy Magazine
"A 19th-century technology could determine which nation triumphs in the 21st. Steve LeVine reports from the global competition to replace the combustion engine."

Black Voters May be Just as Engaged as They Were in 2008, Polls Show from the Washington Post
"Historically, black turnout for midterm elections has lagged behind the national average, but two new reports offer a bullish outlook for this year."

2010: The Year of Politicking Insanely (Eugene Robinson) from the Washington Post
"When has there been an election with so many looney tunes running under the banner of one of our major parties? It's not that they are ultraconservative, … It's just that there is a difference between being smart but wrong and being O'Donnell."

DE-Sen: Ignorance as Authenticity (Joe Klein) from the Time Magazine
"There is something profoundly diseased about a society that idolizes its ignoramuses and disdains its experts. It is a society that no longer takes itself seriously."
Our ON-THE-MONEY PUNDIT of the day!

The Barack Obama Sr. I Knew (Bruce L.R. Smith) from the Washington Post
"I suspect I am one of the few Americans still alive and modestly in possession of his faculties who knew President Obama's father, and I see nothing of the man I knew in Dinesh D'Souza's Oct. 8 Washington Forum commentary"

FICTION/HUMOR NUGGET!!
Novel Maladies: Darth Vader, Tintin, and Squirrel Nutkin Diagnosed from Mother Jones Magazine

"Real researchers figure out what's ailing famous fictional characters."
This item is pretty hilarious.  I wish it looked at more fictional characters.

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