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Links 12/21/07

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Spy planes to recharge by clinging to power lines New ScientistTech

SunTrust Bails Out 2 Funds New York Times. The bank has reserved $400 million to rescue two money market funds.

Isn’t the WTO just so amazing? Dani Rodrik

Deal volumes suffer sharp fall Financial Times. Duh.

US Navy To Halt Hunting of Japanese Whaling Vessels for “Scientific Purposes” AP Reports Cassandra Does Tokyo

Blindly Into the Bubble Paul Krugman, New York Times. A well done piece on the role of conservative ideology in regulators ignoring the housing bubble and associated bad lending practices.

Walking Away from the Mortgage Contract Mark Thoma

Nonsense on Fertility Rates at USA Today Dean Baker

Droughts and inflation Michael Pettis, China Financial Markets

CNBC raises an important question — is FHASecure a flop? Interest Rate Roundup. Note we had been skeptical of this program from the get-go.

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