Researchers create computer that fits on a pen tip Computer World
Toxins from South African mines threaten city Independent
Judge says WikiLeaks’ Assange can be extradited Washington Post. This is clearly over my pay grade. I though you could be extradited if the crime you are accused of is a crime in the country from which you are to be extradited. I didn’t think having a condom break during sex and then refusing a DNA test was a crime in England. But Assange’s counsel didn’t argue that, apparently. Perhaps the form of the writ from Sweden does not allow such fine points to be raised.
Gaddafi expects “big father” role in new regime, says son France24 (hat tip reader Tim C)
Gaddafi loses more Libyan cities Aljazeera
Iran will benefit from this Arab spring Financial Times
Oil spike! FT Alphaville (hat tip Richard Smith). Yowee!
Oil price ‘could hit $220 a barrel’ Guardian
Scrambling to swap Libyan crude for Saudi FT Alphaville. Some have contended that Saudi Arabia does not have much production slack. This may test that thesis.
Wheat Resumes Plunge as African Unrest Drives Away Speculators Bloomberg. Here I though speculators had nothing to do with commodity prices and food above all commodity groups was certain to remain pricey.
Indiana state prosecutor fired over remarks about Wisconsin protests CNN (hat tip reader furzy mouse)
Life on the Run For Democrats In Union Fights New York Times
Goldman sees danger in US budget cuts Financial Times. A little late to be saying that now, don’t ya think?
Austerity’s inauspicious historical precedents Felix Salmon. Per the Leonhardt sighting yesterday (which Felix picks up on) is conventional wisdom beginning to turn in the US? Or perhaps more accurately, people who had largely sat out this debate finally weighing in?
BlackRock Buys 25% Stake in Ex-Treasury Aide’s Bank Venture Bloomberg. Wonder why no regulator has looked at CDOs in serious way? Does it have something to do with the fact that Lee Sachs was a partner at Tricadia, which was the creator of some of the very worst synthetic CDOs? And BlackRock does a handsome amount of business with the Fed and the Federal government.
Gov. Walker Informed That Bill Targeting Unions May Cost State $46 Million In Federal Funds Huffington Post (hat tip reader furzy mouse). Note that this exceeds the $30 million in cuts the unions already agreed to.
The High Stakes Union Stare-Down Bloomberg. Makes clear, without this being the main focus of the piece, that the antipathy towards taxes is a driver, and is in conflict with the fact that most Americans are not opposed to unions. But as I have indicated, antipathy towards taxes is a distinctly American phenomenon (no other country I know of has such acute resentment, and resentment was also lower in the higher-taxed early 1980s). Grover Norquist and his ilk have truly won.
CBOE to Relaunch Credit Event Binary Options (CEBOs) Contracts on March 8 PRNewswire (hat tip Bruce Krasting). I want to vomit. Retail CDS. As reader Scott said, “We can’t realize our dream of a truly equitable society until every individual has a leveraged cdo-squared option in her 401(k).”
A small hedge fund manager’s lament John Hempton
Zaiteku and China’s January inflation Michael Pettis
Antidote du jour: