The latest data for lending in the eurozone, the United Kingdom, and the United States display a visible weakening. In the eurozone, the yearly rate of growth of bank lending to the private sector fell to 0.6% this July from 9.3% in July last year. In the United Kingdom, the yearly rate of growth of lending to the private sector fell to 2.2% in July 2009 from 10.1% in July 2008.
Buried deep in this article is Nicholas D. Kristof implicit theory on how the state came into being. According to Kristof, “Until the mid-19th century, firefighting was left mostly to a mishmash of volunteer crews and private fire insurance companies. In New York City, according to accounts in The New York Times in the 1850s and 1860s, firefighting often descended into chaos, with drunkenness and looting.”
Moral Panics and the Copyright Wars, by copyright lawyer William Patry (see his related blog), was just released.
The facebook bomb is going amazingly well, the LvMI facebook page acquired an additional 1,400 fans!
The contest has generated a great response too; numerous fans are making great contributions in the discussions tab. As promised, a Top Discussion and Top Contributor have been chosen. Congratulations to August’s Top Contributor, Derek Blain.
“Good evening. Some of us come to the ends of our roads unexpectedly. Others of us receive a final blessing; we’re told we have a few months to put our affairs in order.
“I’ve made plenty of mistakes; I’m deeply sorry for them. But I got to thinking, is there one last thing I should still do to help the country that has done so much for me and my family? I think there is.
“I’ve been working with a few members of the lower house. Tomorrow they’ll introduce on my behalf a bill we call the Economic Freedom and Prosperity Restoration Act.
Then everyone is mystified by record highs in teen unemployment. The NYT has a passing reference to the minimum wage. One sentence. But the thought is a attributed to the American Enterprise Institute, which, everyone knows, is nothing but a lackey of the capitalist exploiting class where everyone is paid to say nice things about capitalism.
Once in a while, though, for your own sake and for the sake of readers who suspect the post is all wrong but aren’t quite sure why, you let loose with a full-blown response.
