Links for Today

An account of a successful American ambush in Afghanistan. Cometary from professionals can be found in the comment section here.

My question: What is up with using an F-15 to chase down a few fleeing men? I am starting to believing those people who are arguing that America is using air power indiscriminately. I can understand mistakes and collateral damage, but throwing a 500 pound bomb at every fool with a AK-47 seems counter productive.

More games from Citigroup. Somehow, we think we can construct a recovery on lies.

Suicides on the rise in India and Japan.

Spengler Outs Himself

In this article here, Spengler outs himself as David P. Goldman. That name has long been associated with Spengler, so this is not a huge shock to any one. Spengler might have been pushed into outing himself by this article here, but it seems that officially joining the staff of First Things had more to do with it. Scroll to the bottom of this article for First Things official announcement.

The Games Never Stop

From Macro Man….

Meanwhile, back in the US, Goldman recorded super earnings in the first part of the current fiscal year, announcing Q1 earnings of $3.39 per share, well above the consensus expectation of $1.64. Except that they didn’t. Buried in the small print, it appears that as the Easter Bunny was delivering candy and eggs to children all over the world, he also desposited a small turd in the GS income statement. In December, which magically falls outside the aegis of any reporting period (falling through the cracks, as it were, in the transition from investment bank to bank holding company) , the firm lost $2.15 per share. Add that to the Q1 earnings figure, and you get a result that is comfortably lower than consensus.