Snow in DC

... it is panic time!

Another lovely magazine bites the dust.

National Geographic Adventure Magazine is folding up. Why? Obvious answer. Bad economy, poor circulation, people-no-longer-read... It is sad.

Europeon fund for energy, transport, and infrastructure

New European fund for Energy, Transport, and Infrastructure.

Why don't we see more Googles?

Interesting article on why.

Issues with "$700 billion man" does not end Kashkari

Last Sunday, The Washington Post had an article on Kaskari, the $700 billion man. It took a stab at the world of Washington politics and how it can affect someone. Not a week went by, that it came to light that he is joining Pimco, the leading bond investment fund. Revolving door - certainly. But what are the possibilities? If someone's basic livelihood is based on a certain skills and knowledge base - where else can he go and what else can he do. Rather than focussing resentment on this fact, why not ponder how to make the system in Washington more effective by the influence of helpful special interest (if there is such a thing).

ECB's prelude to exit

ECB today announced that signaled that there is an exit in the horizon. Why can't the Fed do the same. The answer is liquidity. Fed has its money locked in assets that are toxic and troubled assets of Bear, AIG, and MBS. When can Fed get rid of those? Don't know.