Your humble blogger is a bit under the weather still and separately very bummed by the Schneiderman news. Sone of my correspondents and I had noticed him taking a back seat to other AGs in launching mortgage-related cases and had been concerned it was a bad sign, but I didn’t want to go out guns a blazing in the absence of evidence. But this looks much worse than anything I could have imagined.
Dolphins are multilingual! Scientists record mammals talking ‘whale’… in their sleep Daily Mail (hat tip reader May S)
Flower power Economist (hat tip Joe Costello)
Australia: US Copyright Colony or Just a Good Friend? Torrent Freak
Chinese soothsayer sees economic storms ahead Financial Times. I believe Western astrologers also see 2012 as a year of revolution.
On building debt Michael Pettis
Companies paid £1,800 to meet ministers at networking events Guardian (hat tip Buzz Potamkin)
EU ratchets up pressure with Greek default threat Ambrose Evans-Pritchard, Telegraph
European Central Bank Moves to Avoid Loss on Greek Bonds New York Times. This strikes me as hilarious, maybe because now is awfully late to get worried about this sort of thing. Now in fact the “private” bondholders have been asked to take deeper haircuts all along, but the Times headline (and even to a degree the story) somehow treats this as news.
Obama Urges Tougher Laws on Financial Fraud New York Times. Wow, even the Grey Lady is skeptical.
Mitt Romney’s 2009 Tax Burden Likely Even Lower Than 2010, Experts Say Huffington Post. Hah, I thought the same thing. Who has their 2011 taxes filed by what, the third week of January?
Police Raid Occupy Lexington Scarecrow, Firedoglake
Has Ex Goldman Sachs Staff turned Democrat Campaigner Infiltrated Occupy? News Junkie (hat tip reader food)
Mic check! Occupy Wall Street offers a rebuttal to State of the Union SFGate (hat tip reader Martha R)
New Rules for Bond Analysts Global Economic Intersection
CalPERS earns 1.1% on investments in 2011 LA Times (hat tip reader furzy mouse)
Billionaires at Davos Bemoan Inequalities Bloomberg. Talk is cheap.
Antidote du jour. What I should be doing: