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Friday, January 6, 2012

The Browser weekly newsletter [6 Jan 2012]

6 January 2012

 Best of the Week

When Currencies Collapse

Barry Eichengreen | Foreign Affairs | 15 December 2011

Superb essay. Euro, dollar account for 90% of global foreign exchange reserves. What would happen if investor confidence in either faltered? Eichengreen looks back to 1930s and 1970s for clues (Free access for Browser readers) Comments

Reversal Of Fortune

Patrick Radden Keefe | New Yorker | 2 January 2012

Story of epic battle between big oil and American lawyer acting for residents of Ecuadoran Amazon. Fascinating on tactics of corporate giant faced with class-action suit, and shades of grey that emerge in plaintiffs' case Comments

What Has Happened To The ANC?

Richard Dowden | African Arguments | 6 January 2012

Superb, succinct critique of South Africa's governing party, this week celebrating centenary of its birth. Lavishly, and at expense of South African taxpayers. Party of Mandela and anti-apartheid struggle looks inglorious now Comments

Greece: The History Behind The Collapse

Georges Prévélakis | Eurozine | 23 December 2011

Professor of geopolitics at Sorbonne seeks to explain peculiarities of Greece's political administration, dysfunctional economy, through lens of history. And the lessons Europe must learn from his country's near failure Comments

The Secret Life Of J Edgar Hoover

Anthony Summers | Observer | 1 January 2012

Explosive read on former FBI director. Imagine a cross-dressing paranoid narcissist with connections to organised crime. "Hoover was like a sewer that collected dirt. I now believe he was the worst public servant in our history" Comments

How Banks Are Using Your Money To Create The Next Crash

Keith Fitz-Gerald | Money Morning | 4 January 2012

"Banks, trading houses are leveraging your money to increase their profits – just as in the run-up to the last financial crisis. Only this time, things may be worse." It's time to understand the concept of "rehypothecation" Comments

Christopher Hitchens

Salman Rushdie | Tumblr/Vanity Fair | 5 January 2012

Rushdie's tribute to his great friend and ally. "I have often been asked if Christopher defended me because he was my close friend. The truth is that he became my close friend because he wanted to defend me." And he was magnificent Comments

The Ghosts In The Living Room

Adam Curtis | BBC | 22 December 2011

Engaging piece, with video, on history of ghosts on television. Not fictional ghosts but "real" ones, or reports of their appearances. And why the BBC promised not to show its 1992 programme Ghostwatch ever again Comments

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