An excerpt from "Noam Chomsky: Manufacturing Consent" in which the MIT linguistics professor criticizes the issue of concision in the US media.

Joseph Stiglitz, winner of the 2001 Nobel Prize Winner for Economics and author of Freefall sits down with Andrew Leonard, Senior Technology and Business Writer for Salon. Stiglitz argues that America exported bad economics, bad policies and bad behavior to the rest of the world. Stiglitz outlines a way forward building on ideas that he has championed his entire career: restoring the balance between markets and government; addressing the inequalities of the global financial system; and demanding more good ideas (and less ideology) from economists.

01. Introduction 03 min 21 sec

02. How Did We Get Here? 03 min 59 sec

03. Peeling Back the Onion: Why Didn't the Regulators Stop Them? 05 min 51 sec

04. Breaking the Crisis Cycle 06 min 31 sec

05. Optimism? 01 min 43 sec

06. Grading Obama 01 min 22 sec

07. I. On the Stimulus 03 min 55 sec

08. II. On Mortgage Crisis 01 min 40 sec

09. III. On Bank Restructuring 02 min 18 sec

10. IV. On Regulation 00 min 46 sec

11. What Would Stiglitz Say at a Tea Party Convention? 04 min 26 sec

12. Reactions to Economic Reform 05 min 00 sec

Goldman Sucks Video

The current crisis is a classic hit by economic hit men (EHM) - except this time, the victims are us.

Drawing on personal experiences described in his blockbuster books (Confessions of an Economic Hit Man, The Secret History of the American Empire, and Hoodwinked), John Perkins explains how tools honed during the past four decades in developing countries are enabling the extremely rich to purchase businesses and real estate at fire sale prices; defend abolition of health care, education, and other social programs; and justify privatization of the public sector. However, crises offer opportunities.

Perkins presents a plan for transforming the economy and describes ways each of us can employ our individual passions and skills to not only prosper but also create a world we will be proud to pass on to future generations.

01. Introduction 04 min 46 sec
02. I. Why 2009 Turned Out Better Than Expected 00 min 36 sec
03. Timmer: Was it a Good Year? 02 min 06 sec
04. Dadush: Aggressive Stimulus, Healthy Asian Economies 04 min 59 sec
05. Decressin: Advanced Economies Recovering Early 02 min 55 sec
06. II. What to Expect for 2010 00 min 20 sec
07. Lachman: Recession May Return to US in 2010 04 min 16 sec
08. Suttle: Synchronized Upturn, Emerging Markets, Aggressive Corps 04 min 49 sec
09. Dadush: Emerging Markets, Corp Sector, Policy Support 06 min 40 sec
10. III. Advanced Versus Emerging Economies 00 min 42 sec
11. Timmer: Heterogeneity Among the Emerging Economies 04 min 36 sec
12. Lachman: Public Finance Emerging Markets, Commodity Prices 05 min 09 sec
13. Decressin: Advanced Economies' Structural Weaknesses 03 min 59 sec
14. IV. Risks to Forecasts 00 min 26 sec
15. Dadush: Underestimating Cycles, Policy Tightening, Protectionism 05 min 31 sec
16. Suttle: Oil, US Treasury, Eurozone, Banking Sector 05 min 06 sec
17. Lachman: Crisis in Eurozone, Middle East, Protectionism 05 min 03 sec

More Observations On The Federal Reserve Buying Stocks

Presented by Steven Wm. Fowkes.

The talk will answer questions like:
1. Which nutrients promote optimal brain function?
2. What nutrients are commonly deficient enough to impair mental performance?
3. How can you get a better nights sleep without Ambien?
4. What nutrients counteract aspects of aging?
5. Is there an alternative to serotonin reuptake inhibitor (SRI) antidepressants?
6. What modern nutrition myths lead us to consume products that sabotage healthy brain function?
7. What tests can you get from your doctor?
8. What nutrients affect appetite, alertness, and tension?
9. What nutrient combo will prevent hangovers 90% of the time?

About Steven Wm. Fowkes
Steven Wm. Fowkes is the Director of the Cognitive Enhancement Research Institute and a co-author of the book Smart Drugs II.

In its first year of operations, NASA's Fermi Gamma-ray Space Telescope has mapped the entire sky with unprecedented resolution and sensitivity in gamma-rays, the highest-energy form of light. On May 10, 2009 a pair of gamma-ray photons reached Fermi only 900 milliseconds apart after traveling for 7 billion years. Fermis measurement gives us rare experimental evidence that space-time is smooth as Einstein predicted, and has shut the door on several approaches to gravity where space-time is foamy enough to interfere strongly with light

This is a perfect explanation for normal people to understand how viruses spread. Superb!!! NPR's Robert Krulwich and medical animator David Bolinsky explain how a flu virus can trick a single cell into making a million more viruses

All those who have spent late hours playing SimCity 3000 and never understood why the damn thing would never get any people to move into it, will derive a deranged pleasure from the following clip. In China, where 8% GDP is guaranteed and has to be "goal seeked" by any and every increasingly more deranged economic project, the authorities have taken the game of SimCity and applied it to real life. Alas, they started out on "difficult" level

Read the whole article over here at Zero Hedge

The mother of all carry trades faces an inevitable bust, Nouriel Roubini says on CNBC Squawk Box.

jobs housing commercial real estate retail recovery labor market asset bubble carry trade dollar usdx Fed treasuries bonds interest rates Federal Reserve Ben Bernanke Roubini on Carry Trade unemployment numbers job losses dollar collapse yen gold commodities oil inside commodities conference WSJ Wall Street Journal

By Greg Gordon | McClatchy Newspapers WASHINGTON — In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting. Goldman's sales and its clandestine wagers, completed at the brink of the housing market meltdown, enabled the nation's premier investment bank to pass most of its potential losses to others before a flood of mortgage defaults staggered the U.S. and global economies. Only later did investors discover that what Goldman had promoted as triple-A rated investments were closer to junk. Now, pension funds, insurance companies, labor unions and foreign financial institutions that bought those dicey mortgage securities are facing large losses, and a five-month McClatchy investigation has found that Goldman's failure to disclose that it made secret, exotic bets on an imminent housing crash may have violated securities laws.

World-renowned intellectual Noam Chomsky has been pushing change in language, politics and culture for decades. The controversial expert on modern language explains why "the smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum

Watch the FULL program at FORA.TV -> http://fora.tv/2009/10/06/Noam_Chomsky_Philosophies_of_Language_and_Poli...

So much government debt! But what's the difference between the Treasury's bills, notes and bonds? Senior Editor Paddy Hirsch explains. More coverage of the financial crisis is at marketplace.org/financialcrisis

Interview with Marc Faber (Bloomberg News)