John Hawkins lists his 50 favorite political quotes of the year, and I thought it’s time to do a roundup. It brings traffic, I’ve been doing a lot of things not related to blogging, and the to-do list is still not half done.
The College Conservative remembers My Time at Walmart: Why We Need Serious Welfare Reform, via Gerard, who also has the Best Magazine Cover of 2011.
The transfer was small compared with the estimated $1.2 billion in customer funds still unaccounted for more than seven weeks after MF Global collapsed. The bankruptcy trustee for MF Global’s U.S. brokerage unit has said recovering money from the company’s trading partners would be easier if counterparties knew they were accepting funds belonging to customers. It isn’t clear how MF Global responded to J.P. Morgan’s Oct. 29 letter. The letter hasn’t been publicly released by regulators or investigators.
The letter indicates that J.P. Morgan officials knew the money came from segregated customer accounts, because it specifically asked whether the transfer of funds from customer accounts was compliant with regulations. Customer accounts can contain both customer and firm funds. On Oct. 30, or the day after the letter was sent, MF Global alerted regulators to a shortfall in customer funds. It filed for bankruptcy protection on Oct. 31.
The EPA’s unconscionable war on fracking, but particularly on companies that produce fossil fuels. I can not understand how it’s in the USA national interest to not exploit our own natural resources and remain dependent on foreign oil.
In the Latin America beat,
Stacy has the latest on Mercosur and the Falklands. Mercosur also signed a trade deal with the Palestinians, but postponed allowing Venezuela to join Mercosur. They must be waiting for more of Hugo’s largesse.
Argentinian farmers are investing in other countries, but Saudi Arabia’s largest dairy company said Wednesday it is buying Argentine farm operator Fondomonte S.A. for $83 million in a bid to secure animal feed. (h/t GoV)
A book of condolences was opened at the North Korean embassy in Havana, with a big photo of the dead leader and flowers in the entrance.
Nicaragua, Venezuela and President Mugabe express their sorrow, too. Not surprisingly, they celebrate tyranny.