Bill Would Force Intel Chief to Renounce ‘Secret Patriot Act’ Wired (hat tip reader Robert M)
Tax Trio Would Put an End to Euro Arson: Perotti and Zingales Bloomberg (hat tip reader Tim C)
Republicans abandon vote on debt ceiling Financial Times. The unhappy reaction to this news is weird. This would seem to bring a deal closer. If Boehner can’t hold his block and the banks and companies are starting to freak out, this suggests some corporate Republicans could be picked off to join the Dems (particularly since the “plans” are so similar).
Obama Tied Against Generic Republican Jon Walker, FireDogLake
Lenders keep ‘zombies’ alive Financial Times. Zombie banks help zombie companies, just like Japan.
Lehman Case Hints at Need to Stiffen Audit Rules Floyd Norris, New York Times
Debt Ceiling Charade impacting Short-Term Credit Markets Calculated Risk
From Outside the Beltway Tim Duy
Who Is In Worse Shape – the United States or Europe? Simon Johnson
How Greedy Corporations Are Destroying America’s Status as ‘Innovation Nation’ William Lazonick, New Deal 2.0
Dead Souls ClubOrlov (hat tip reader Scott A)
Kiwi readers take note: We will be on the Saturday Morning with Kim Hill show on Radio New Zealand National at 8:45 AM on Saturday.
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