Opinionomics | 11 April 2012

Must-read comment and analysis. Featuring HST, and H5N1.

1. High-Speed Trading Is Progress, not Piracy (Bloomberg View)

Bernard S. Donefer writes in (muted) support of high-speed trading. Reading between the lines, he appears still to be damning with faint praise; "it doesn't cause crashes!" is hardly enthusiastic.

2. Argentina, Elliott, and the pari passu war (Reuters)

The dust appears to have settled after the Greek haircuts and debt-swaps; but as Felix Salmon reminds us, these things take a while to actually clear up. Argentina is still in court today, fighting the last of its creditors.

3. Technology: The risks of research (Financial Times)

Andrew Jack writes the FT's lead analysis piece today, on the risks and rewards of experimentation with the deadliest pathogens.

4. Peter Singer and Tyler Cowen in conversation (Jeff Kaufman)

Three years ago, economist Tyler Cowen interviewed ethicist Peter Singer about "morality, giving, and how we can most improve the world"; last week, Jeff Kaufman went to the effort of putting together a transcript of the conversation.

5. Is austerity self-defeating? Of course it is (VoxEU)

Jonathan Portes, the director of NIESR, writes against austerity in Europe.

Ferrets are used in many flu tests, since they catch the same bug as us. (Getty)

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

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Word of the week: Michellania


Each week The Staggers will pick a new word to describe our uncharted political and socioeconomic territory. 

After brash Republican presidential nominee Donald Trump paraded his family at the national convention, the word of the week is:

Michellania (n)

A speech made of words and phrases gathered from different sources, such as Michelle Obama speeches and Rick Astley lyrics.

Usage: 

"I listened hard, but all I heard was michellania."

"Can you really tell the difference between all this michellania?"

"This michellania - you couldn't make it up."

Articles to read if you're sick of michellania:

Do you have a suggestion for next week's word? Share it in the form below.