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Articles posted on Monday, October 15, 2012

An Overlooked Currency War in Europe « naked capitalism

Monday, October 15, 2012
Category: Economics

From www.nakedcapitalism.com

Switzerland has pegged its currency to the euro at a level that helps it sustain a 12% current-account surplus and one of the lowest unemployment rates in Europe. This column argues that the Swiss peg involves currency manipulation that is, as far as Europe is concerned, the same order of magnitude as China’s intervention.

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15 Scathing Early Reviews of Classic Novels

Monday, October 15, 2012
Category: Literature

From www.flavorwire.com

There are some literary classics that are near unimpeachable. We’re thinking Lolita, Ulysses, The Great Gatsby: the best of the best. Except that they’re decidedly not unimpeachable — or at least they weren’t when they first hit bookshelves.

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Party seems over for Somali pirates

Monday, October 15, 2012
Category: World

From news.yahoo.com

Somali pirates hijacked 46 ships in 2009 and 47 in 2010, the European Union Naval Force says. In 2011, pirates launched a record number of attacks — 176 — but commandeered only 25 ships, an indication that new on-board defenses were working.

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