For those of you who are still mystified by the LIBOR scandal, here’s a very good explanation of how Barclay’s made lots of money manipulating interest rates. http://www.businessinsider.com/how-barclays-made-money-on-libor-manipulation-2012-7. The Economist also has a great article on the scandal: “The Rotten Heart of Finance.” http://www.economist.com/node/21558281
We have had a fairly hot and dry summer in South Hadley, but not nearly as hot as in some other areas of the US. Many are reluctant to attribute this weather to climate change (there is, in fact, a huge difference between weather and climate), but some scientists are beginning to make the connection in public. http://www.washingtonpost.com/blogs/capital-weather-gang/post/noaa-scientist-80-percent-chance-todays-heat-records-due-to-climate-change/2012/07/10/gJQAdv9waW_blog.html. The situation in India also appears to be somewhat precarious. http://www.livemint.com/2012/07/09224449/Is-India-facing-another-drough.html?atype=tp
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