Nigerian Oil... Or No Oil, Actually, In São Tomé

(But first, a quasi-retraction: I didn't realize until Julianne pointed it out, but the Sharon Olds letter has been around for at least a year or two. It's real, and it's still devastating, but it's not new news.)

Nigerian and American business men buy oil rights in a country with no oil, sell the company for mad money, bribe a Democrat from Louisiana, and somehow Jeff Sachs (The End of Poverty: Economic Possibilities for Our Time) gets to swingin... What a nuts story.

Debt

My previous post mentioned credit card debt. Chris Kelly of the Huffington Post writes quite a little ditty on predatory lending you can read here.