Tuesday's Daily Brief: SpaceX Rocket Launches, Death Row Inmates Exonerated, Cory Booker "Upset," Plus Norman Lear, Rep. Dennis Kucinich, Mohamed A. El-Erian
Charles Ferguson: The Sellout of the Ivory Tower, and the Crash of 2008 (Excerpt) Over the last thirty years, in parallel with deregulation and the rising power of money in American politics, significant portions of American academia have deteriorated into "pay to play" activities. No where is this more pronounced than in the realm of economics.
Norman Lear: Business Fights Back Until the Truth Is Out The charges against flame retardant manufacturers have to be hogwash! Just another cheap shot against Big Business. How can so many people, and Americans no less, knowingly turn out a product capable of doing such dastardly harm? Impossible!
Mohamed A. El-Erian: A Different Take on Facebook Behavioral finance specialists will have a field day with the Facebook IPO, as it speaks volumes to an issue that differentiates them from those that espouse the efficient market hypothesis -- namely, that investors can be vulnerable to mistakes dictated by unconscious biases.
Rep. Dennis Kucinich: NATO Talks a Sham: War in Afghanistan Is Not Ending NATO's founding purpose no longer exists, but NATO continues to circumvent the authority of the United Nations and to provoke other nations. Instead of trying to bolster the organization, we should begin serious discussions to dismantle it.