“Beyond the Crisis… With most of the world’s economies officially out of recession, the FT launches a series examining the legacy of worst global economic crisis since the 1930s,” says the FT. But according to the figures below the headline, the crisis wasn’t so bad. The US economy walked backward only 3.5%. Now, it’s making progress again.

The FT editors should keep their eyes on the road. The ‘recession’ did more damage than they think. And it isn’t over… There’s more trouble ahead.

Around these parts, no one can touch Bill Bonner when it comes to taking down New York Times columnist Tom Friedman.  But Friedman’s latest is too much for me to resist.

As the presidential candidates spew nonsense about energy policy, and T. Boone Pickens’s stab at a constructive solution starts to look ever-more shaky, we are faced with this grim reality: Peak Oil is still a “fringe” concept.