Follow us @ twitter.com twitter.com The rating agency moody’s has warned it is considering downgrading the investment banking world’s biggest players — this includes Bank of America, Goldman Sachs, JP Morgan, Morgan Stanley…the list goes on and on. I like the way the Wall Street Journal put it: “Moody’s is worried about everything in investment banking.” And speaking of worries — Art Cashin of UBS in his note this morning says traders are worried about a Greek default, but not for the reasons that you may think. What they are really worried about isn’t the bond holders, but the guy’s holding the insurance: the credit default swap (CDS) market. Wait, we thought everyone was perfectly hedged? So what kind of risk is really lurking in the US banking system then, and what could it do to an economy on zero percent interest rate life support? Well, our guest Henry Blodget may have an answer to that. He is CEO and founder of Business Insider, and is with us to talk about this, as well as the subject of a recent article of his titled “Dear Walmart, McDonald’s, Starbucks: how do you feel about paying your employees so little that most of them are poor?” Henry makes a fair point in this article, but if it’s true that CEO’s and executives are paying their employees so little, then why are we so worried about taxes and not focused on the deterioration of wages in America? Henry Blodget points out that Henry Ford made a point of paying his workers better than other firms with the …

2 million views for an old codger giving a lecture about arithmetic? What’s going on? You’ll just have to watch to see what’s so damn amazing about what he (Albert Bartlett) has to say. I introduce this video to my students as “Perhaps the most boring video you’ll ever see, and definitely the most important.” But then again, after watching it most said that if you followed along with what the presenter (a professor emeritus of Physics at Univ of Colorado-Boulder) is saying, it’s quite easy to pay attention, because it is so damn compelling. Entire playlist for the lecture: www.youtube.com

Markets, missing markets, no markets; elasticity; inverse demand; dead weight loss; indifference curves; constrained optimization; edgeworth box

Zeitgeist: Addendum by Peter Joseph. Full movie Sharing this movie is encouraged. Download from www.zeitgeistmovie.com

In 1992 Dr.Tahir-ul-Qadri presented a complete working plan for interest-free banking in Pakistan covering all kinds of national and international transaction which was recognized and appreciated by all sections of the society including industrial and banking professionals. CD.No.HG 5 Part 1

Mayor Gavin Newsom announced a new partnership with HelloWallet to provide independent financial guidance to the citys residents. Through this major initiative, San Francisco will become the first city in the nation to deploy this revolutionary online financial guidance and management tool. All San Francisco households will receive a direct invitation to use the service.