On The Economic Populist you might have noticed the right column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
Must Read Post #1
I noted some serious doubt on a CBO report claiming the Federal Reserve's toxic holdings are money makers, but Naked Capitalism really drives it home as fiction in CBO Issues Fed Flattering Propaganda:
It conflates the discussion of budgetary costs and financial services industry subsidies, when explicit costs to taxpayers are only the tip of the iceberg of the bennies that banks received from Fed. While the other forms of support are arguably outside the CBO’s purview, the failure to state those omissions means that defenders of the Fed and the banksters can use this report to obscure the true extent of welfare for financiers.
This Friday engineers are attempting to cap the oil well. In the comments are the latest updates. To watch all of the spillcams at once, click here or click here and finally here.
This process is ongoing and even if it fails, frankly there is no other option but to continue trying to cap the oil spill. Below is an animation of the process:
Spillcam continues the SAW horror show. Below you can see remotely operated vehicles (ROVs) sawing away at the pipe in the start of the next attempt to stop the leak, known as a LMRP, or Lower Marine Riser Package.
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
This weeks film is The Prize. An 8 part series adapted from Daniel Yergin's Pultizer Prize winning Epic History of Global oil.
Contained within are dirty tricks, monopolies, Machiavellian business tactics, the break-up of Standard oil, wars, the CIA, coups and the general dictation of the oil economy. This exceptional PBS documentary is politically neutral and shows what happens when the world chases black gold. It's also a great study for any major sector corporate industry.
This is a graphic of the near shore oil spread, just for today. Most people are aware there is now a second plume of oil. A plume is not a leak, although it could imply one, more a plume describes the shape and character of spilled oil.
This newly discovered oil plume is 22 miles long, 6 miles wide and 3300 feet deep. In other words, the oil on the surface, goes all the way down to over half a mile. The thickest area of the goo is at 1300 feet. It is drifting towards Mobile Alabama like the 1950's horror film, The Blob, but this horror show is real.
EP is deviating just a tad from economics and delving into the wild world of underwater engineering and environment disaster. This is what people want to talk about, this is what is on their minds.
We're in horror. We're helpless, dependent upon continual press releases and attempts while real solutions to stop the leak are dismissed.
The next attempt is a top kill, which is to push drilling mud and cement into the leak hole. This latest attempt is high risk and could make the leaks worse. Realize this is 5,000 feet deep in the water, with corresponding water pressure in addition to a massive gushing oil plume. The damaged blowout preventer is 5 stories high. Blasting fluids with high pressure, twice as dense as the surrounding water, has the potential to create another hole if the blowout preventer has weakness in the metal or other interactions. Ugh, my sympathies to the engineers. This has never been tried in water.
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It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy! 
This is a graphic of the near shore oil spread, just for today. Most people are aware there is now a 
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