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Extra Credit Tuesday Edition

Market Movers

by Felix Salmon
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Aug 19 2008 6:32pm EDT

Extra Credit, Tuesday Edition

Activist urges Natixis to halt rights issue: Einhorn moves to Europe. Letter here.

Plummeting value of synthetic CDOs demand action: "Investors are easily sitting on unrecognised market value losses of several hundred billion dollars".

Grade Inflation: "There is no evidence of grade inflation (which doesn’t, of course, mean that it doesn’t exist) and that the reasons for thinking it would be bad if it did exist are pretty weak."

Who's Your City? A great line from Clay Shirky: "Anyone who's predicting the decline of big cities has already met their spouse."

The 11 Least Fuel Efficient Hybrids: The Chrysler Aspen Hybrid and the Dodge Durango Hybrid both get a pathetic 19mpg.

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