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Tuesday, January 5, 2010

FT front page roundup: Economics Fail

Chinese premier Wen Jiabao is all like, "why these peeps be all protectionist and shit when we only subsidizin' our exporters by massive currency intervention? Why you hatin'?"

Obama will check his terrorist watch list, and check it twice.

Also, this watch list is actually called the Terrorist Identity Datamart Environment (TIDE), another sad case in the annals of Struggling To Arrange Awkward Things Into A Cool-Sounding Acronym (STAATIACSA).

A consortium of South Korean companies won a contract to build nookyaler plants in the United Arab Emirates. Nothing bad can come of this.

IMPORTANT STATISTICAL FINDINGS: Countries with large "shadow" (semi-to-not-at-all-legal) economies tend to be cushioned from recession better than others, except in the many cases that they are not, because countries exhibiting pervasive honesty tend to be cushioned from recession better than others. Thank you, interns chained to your desks in the basement of Deutsche Bank.

And lo, pity the poor Iranian police, trying to have a peaceful college-student-whomp-slash- dirtbike-rally (?) only to be pummeled with concrete.

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