Economic Bubbles, Bubbles Everywhere. Which Will Last?

NYTIMES/
"Bubbles are episodes of collective human madness — euphoria over investments whose skyrocketing values are unsustainable.
They tend to arise from perceptions of pending shortages (as happened last year, with the oil bubble); from glamorized new technologies or investment frontiers (like the dot-com bubble of the 1990s, the radio bubble of the 1920s or the multiple railroad bubbles of the 19th century); or from faddish cultural obsessions (like the Dutch tulip bubble of the 17th century, or the more recent Beanie Babies bubble).
Often they are based on legitimate expectations of high growth that are “extrapolated into the stratosphere,” as the economist Daniel Yergin, chairman of IHS-Cambridge Energy Research Associates, put it. Such is the fear over investment in emerging markets like China."

Charging For Online Content: A Lot Of Ideas, Little Action.

NYTIMES.
Are the days of "The Hypervigant Observer" giving FREE news summaries AND hyperlinks numbered?
“There is no unanimity among publishers about what to do — whether to charge for content, how to charge, whose solutions to use — and most people in the business still don’t believe they can put up a pay wall without repelling a large part of their audience,” said Alan D. Mutter, a media entrepreneur and consultant. “I doubt you’re going to see a lot of companies spend a lot of money building a system for the newspaper industry as long as there’s no resolve on the part of the industry about what they want to do.”

More On Murdoch, The Media And Newspaper Pay Walls.

NYTimes.

Mexico's PRI Returns.

A "perverse nostalgia for the PRI’s style of corruption" returns.

Honduras Showdown Shifts To US Soil.