How Germany can avoid wealth losses if the Eurozone breaks up - Paul De Grauwe and Yuemei Ji / VoxEU. Well, perhaps the authors should say how Germany can avoid ADDITIONAL wealth losses, or how they can minimize losses. Also, there will be many practical issues with restricting the conversion of Euros into Marks to just German residents.
Japan, the next panic - Peter Boone and Simon Johnson / The Atlantic. It is pretty obvious that Japan will face its day of reckoning, probably after we get some sort of a resolution to the Euro crisis.
Excerpt from the article:
'Bankers and politicians seem to enable the worst characteristics and behaviors of the other. The past few
years have led us to focus on half of that phenomenon: the degree to which government guarantees have facilitated irresponsible risk-taking on Wall Street. And this is, of course, an issue that demands continued attention.
But Japan illustrates the other half of the phenomenon—the extent to which finance has allowed and encouraged politicians to make attractive short-term decisions that are eventually damaging. This may ultimately yield worse crises than the one we faced in 2008 or the one now unfolding in Europe. Greece, Ireland, Portugal, Spain, and Italy found their own ways to economic devastation, but each road was paved with easy credit. Those whom the gods would destroy, they first encourage to borrow cheaply.'
Grandmaster of Russia's pyramid cult - Jason Bush / Reuters. Scarcely believable. Maybe India is not so bad after all. Also see an excellent Bloomberg article on the same topic.
Coming soon to a retailer near you: 3D printers! - Chris Anderson / Wired. Long piece, but very interesting. The utility and availability of products could take a quantum leap with this new, exciting technology. How long before 3D printers retail in India?
The drugs don't work: a modern medical scandal - Ben Goldacre / The Guardian. From the UK/USA, but alarming for everyone nonetheless. Also with the many medical malpractices that we see in India, we have all the more reason to live a healthy lifestyle, and avoid having to take medicines. Note, however, that the article is an extract from a book, and some of the claims MAY just be exaggerated. We need to hear the other side of the argument too.
Why fathers really matter - Judith Shulevitz / The New York Times. Young people/would-be parents may want to read this.
Video: A trillion frames per second camera! - TED. Again, amazing, hard-to-believe technology.
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