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Best of the Blogs: Is Populism Synonymous With Irresponsibility?


Minyanville's daily roundup of some of the best financial commentary from around the Web.

This column highlights the most interesting and useful business and financial commentary from around the Web each day. Feel free to send along your own suggestions for blog content that you've read or written.
"'Populism' is a loaded term in modern American politics. On the one hand, it conveys the idea that someone represents (or claims to represent) the broad mass of society against a privileged elite. This is a theme that plays well on the right as well as the left – although they sometimes have different ideas about who is in that troublesome 'elite.'" (For related content, see Is OWS SOL?)
Zero Hedge
Link: European MF Global Clients Furious After KPMG Releases Their Home Address, Holdings Details
"MF Global's creditors (and clients) in Europe, and everywhere else, have many reasons to be furious. Now those in Europe have one more to add to their list of grievances: a complete and totally public disclosure, courtesy of KPMG, of not only how much they are owed, but their mailing, and in many cases, home address. In other words, not only will these individuals not receive their full claims in the insolvent entity whose primary specialty as it turned out was rehypothecating what little assets it did have, but now have to worry about the taxman coming after them...."
"I have never owned a print edition of the Encyclopedia Britannica. After the Britannica company's announcement that, like the Oxford English Dictionary, it would discontinue its print editions to focus on its online offering, it's clear that I never will."
"People love Google Plus. Wait, they hate Google Plus. No, that's not right, either. Lots of people are using Google Plus. No, it's a ghost town. Rather than bicker constantly about who likes it and who doesn't, let's agree that opinions are split on whether Google's latest social network works. But let's see if we can, together, figure out the problem with Google Plus." (Also Read Google Plus Completes the Bear Case for Facebook.)
All Things D
"Yesterday, Yahoo CEO Scott Thompson sent out an email to the troops in what appears to be an attempt to soothe the company that has been under a lot of stress, including more high-level exec departures, board changes and more. More importantly, the Silicon Valley Internet giant is nervously waiting for a restructuring expected to hit within weeks and also has been unnnerved by Thompson's aggressive legal attack on one of its key partners, social networking site Facebook." (For related content, see Can Yahoo Be Saved?)

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