Income Elasticity of Mistress Demand Greg Mankiw
Americans’ Food Stamp Use Nears All-Time High Washington Post
Familiar Trio at Heart of Citi Bailout Washington Post
Woolies on brink despite BBC offer Telegraph
Larry Summers as Fearless Truth Teller? Dean Baker
Synchronized Recession, Synchronized Stimulus? Menzie Chinn
Taxes and Christina Romer Kevin Drum. Effectively says not only does she lie with statistics, but does not lie particularly well.
To Buy Children’s Gifts, Mothers Do Without New York Times
Proof we are not in Kansas any more John Hempton
Remorseful Ex-Officials Decline Pay From UBS New York Times
Fed Aid Sets Off A Rush to Refinance Wall Street Journal. Key section:
Rates on 30-year fixed-rate mortgages dropped by roughly half a percentage point to about 5.5%, for borrowers with good credit scores and substantial equity in their homes, say mortgage brokers and lenders…. the initial flurry of calls came from people seeking to refinance…
Predictably, the people who are not the target of the program are the first, and maybe the only, ones who to benefit.
Antidote du jour: