Marketplace Scratch Pad

Morning Reading

Scott Jagow Nov 19, 2009

Good morning. To start the day, how ’bout a stiff drink of Scotch? It’s only been sitting on ice for 100 years:

Drilling for whisky in Antarctica (The Huffington Post):

A beverage company has asked a team to drill through Antarctica’s ice for a lost cache of some vintage Scotch whisky that has been on the rocks since a century ago.

The drillers will be trying to reach two crates of McKinlay and Co. whisky that were shipped to the Antarctic by British polar explorer Sir Ernest Shackleton as part of his abandoned 1909 expedition.

Post-Mortems reveal obvious risks at banks (New York Times):

In what sounds like an episode of “CSI: Wall Street,” dozens of government investigators — the coroners of the financial crisis — are conducting post-mortems on failed lenders across the nation. Their findings paint a striking portrait of management missteps and regulatory lapses.

[Charitable capitalism](…(The+Nation%3A+All+Articles) (The Nation):

If Wall Street wants really to win back public respect, there is a more substantial gift it can make that does not involve money. Goldman Sachs and the other banking behemoths can take their foot off the Congress and free servile politicians to enact true financial reforms. Call off your lobbyists, let democracy function in behalf of the public interest, not yours.

Farewell to Wall Street’s decade of hubris (MSN Money)

Is $6,300 a fair value for gold? (The Telegraph)

On California’s budget shortfall (NPR) Oi:

Not only is there no light at the end of the tunnel of California’s annual budget deficit, there’s not even an end to the tunnel.

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