Cheerio! Rolfe Winkler. Congrats! He is going to the Wall Street Journal.
Rob Parenteau gets sectoral balances right Steve Waldman
The High Budgetary Cost of Incarceration John Schmitt, Kris Warner, and Sarika Gupta, CEPR (hat tip reader Gordon). Bottom line: if you need to cut state and local budgets, the vogue for locking people up would be a very useful fad to reverse.
NASA to Do More Flights to Measure Change in BP Oil-Spill Size Business Week (hat tip reader Doc Holiday)
Bank Fee Is Eliminated in Financial Bill New York Times
The Procrustean Democracy of AmericaSpeaks: Part One Lambert Strether. This is a disgrace, I had wanted to post on it tonight, will hopefully address it later today.
Time to shut down the US Federal Reserve Ambrose Evans-Pritchard, Telegraph
Crisis is back with a vengeance as ECB’s sterilisation auction flops Eurointelligence
Consumer Confidence Crushed EconomiPic Data
What Is Goldman Sachs Thinking? Simon Johnson
Financial Reform Legislation Does Not Eliminate Too Big To Fail Mark Thoma. We knew that, but glad word is getting out.
This global game of ‘pass the parcel’ cannot end well Martin Wolf, Financial Times. Today’s must read
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