Wired (hat tip reader Paul S)
Grist (hat tip Lambert)
Nature (hat tip Lambert)
Washington Post. Per Lambert: “Of course, Pravda doesn’t put that he’s a Republican in the headline. Closeted Republicans are really a ‘dog bites man’ story, at this point.”
Saudi Arabian millionaire ‘with links to 9/11 terror attacks’ living in luxury London home while working for state oil company Daily Mail. Reader May S. contrasts this with the “” reported yesterday.
Columbia Journalism Review. Not at all certain the indignant tone is warranted. What is wrong, exactly, with taking aspirin as a precaution on 8 hour flights? I know doctors who recommend a full dose (not a baby aspirin) daily as a stroke/colon cancer preventative for all patients save those with gastro-intestinal issues.
McClatchy (hat tip Lambert)
Demotix (hat tip reader Skippy)
South China Morning Press (hat tip Lambert)
New York Times
Reuters. Lambert points out that this looks like a guarantee of insurer margins.
Huffington Post (hat tip Lisa Epstein)
New York Times. The article omits the fact that the municipalities within the county are also substantial providers of services and are functioning on a normal basis.
Washington Post. Lambert found a really serious typo which looks to have been introduced by editors who can’t grok that you don’t need taxes to fund a sovereign currency issuer.
Columbia Journalism Review. You must read this. Now.
MarketWatch (hat tip reader George E)
Gerald Epstein, Triple Crisis (hat tip Doug Smith)
New York Times. The Times is quoting Greg Lippmann, the patient zero of subprime? If the SEC investigation of Deutsche Bank were remotely serious, Lippmann would be in serious trouble. What Greg Zuckerman and Michael Lewis have written about them in their books on subprime shorts alone is grist for a good civil suit. And even worse, the headline implies that there is a market for newly issued non-government guaranteed bonds (wrong, that’s dead) when this is about speculation in vintage subprime.
The funniest bit is that the Times is acting as if the fact that Lippmann is talking up the market is a tip of sorts. As one of my buddies pointed out long ago, what you worry about when an investor talks up his book is not that he is trying to get more people in to raise the price, but he is trying to get more people in so he can complete his exit.
Antidote du jour: