Central Park Zoo Peacock Flies the Coop New York Times (hat tip Buzz P)
Video: A Robot That Can Figure Out New Tasks Based On the Ones It Knows Popular Science (hat tip reader Robert M)
Why diets don’t work? Starved brain cells eat themselves e!ScienceNews (hat tip Robert M). As someone who has more experience with diets than most people (I was a seriously fat kid) I don’t buy this. This reads as setting the groundwork for yet another drug.
NOTW boss ‘who signed off Mulcaire’s fees’ is latest to be arrested Independent (hat tip Buzz Potamkin)
Italy, Spain 10-Year Bond Spreads Reach Euro-Era Record on Growth Concern Bloomberg (hat tip reader Jim H)
America is merely wounded, Europe risks death Ambrose Evans-Pritchard, Telegraph. I agree with him on Europe, but he does not recognize the damage done to the US by the debt deal, but the effects will take longer to play out.
Mubarak trial set to begin in Cairo Financial Times
Senate Panel Keeps ‘Secret Patriot Act’ Under Wraps Wired (hat tip reader Robert M)
The eternal pivot Politico
Arizona’s State-Owned Mexico Border Fence Attracts Donors From Across U.S. Bloomberg (hat tip Buzz Potamkin)
Debt Ceiling Deal: All cuts, no taxes Ed Harrison
Relief at an agreement will give way to alarm Larry Summers, Financial Times. As I’ve said, you know it’s bad when Summers sounds comparatively sensible (of course, he does manage to forget that he played a leading role in causing this mess).
Is a Balanced Budget Amendment a Good Idea? Simon Johnson, New York Times
Now, Back to the Economy Robert Kuttner, American Prospect
New York’s Top Cop Jumps Into Fray Wall Street Journal. Go Schneiderman!
Container-Ship Plunge Signals U.S. Slowdown Bloomberg (hat tip reader furzy mouse). Note this was before the debt ceiling hysteria would have had an impact on orders.
Gold’s Ludicrous Rally Continues Overnight Clusterstock
A few quick macro thoughts on the debt deal JP Morgan (hat tip MBH). Bottom line: 1.5% lower GDP growth in 2012. Welcome Japan style near deflation. Oh, and who benefits from deflation? Bondholders.
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