Formation-flying nano-robots: awesome – Telegraph Blogs. Cool. HT: www.instapundit.com Update: We’re doomed. The controllers and snoops will love these.
http://www.firstprinciplesjournal.com/articles.aspx?article=1810 From Ross Douthat: “With that in mind, it seems appropriate to leave the last word to Nisbet himself, reflecting on his own work’s relevance
http://financialmentor.com/retirement-planning/myths-revealed-2-must-know-formulas/6688 What matters and what doesn’t. Assume higher than published inflation (and expenses) age at death and lower investment returns. 8%? Yeah, sure. Multiple currencies
http://www.zerohedge.com/news/california-run-out-cash-one-month-controller-warns So 3 years after Lehman filed for bankruptcy, everyone in the world continues to be terminally insolvent, but because everyone is in the same
Strong views of MF Global events: http://www.zerohedge.com/contributed/mf-global-customer-funds-were-not-vaporized-stanley-haar-takes-wsj-task “Client money in segregated bank accounts was not “vaporized”; it was stolen . . ..”