Don’t Hold the Salt: Attempts to Curb Sodium Intake Are Misguided Atlantic (hat tip Ted L)
Marine biologist could get 20 years in prison for feeding whales Sideshow (hat tip Buzz Potamkin)
Stricken NZ cargo ship breaks up BBC
China’s party bureaucrats like high-end cars Los Angeles Times
Beijing to issue new smog data after online outcry AFP
Eurozone strains increase with grim new economic data Guardian
How Cecil Beaton helped save the Queen Telegraph
A Viewer’s Guide to Iowa Caucus Coverage Jay Rosen (hat tip Lambert Strether)
The Great Debate©: The Job Guarantee Brouhaha Global Economic Intersection
More on the Celebration Over December’s Job Report Dean Baker, Firedoglake
From East and West, Foreclosure Horror Stories Gretchen Morgenson, New York Times
Raskin Urges Penalties on Mortgage Servicers Reuters. Less here than meets the eye. Raskin is urging tougher penalties in the foreclosure reviews…where the process is already set, conflicted reviewers are being approved by the OCC, and the Fed has no ongoing role in the process. So one Fed governor says bad words about servicers? Nothing of consequence will happen. Contrast this speech with the far more serious (from an institutional perspective) communiques this week from the Board of Governors and the NY Fed. No mention of servicer bad behavior (save one of them, I can’t recall which, did chastise servicers for underinvesting in systems for servicing defaulted loans).
Woman says GE-owned subprime lender deceived, defrauded her iWatch News (hat tip Max Gardner)
Florida man who offered to buy AMR will face trial McClatchy. Buzz Potamkin: “To the Obama crew only those with no money commit fraud.”
Black Women Seek Independent Presence at Freedom Plaza Afro (hat tip Lambert Strether)
How Occupy Iowa Caucus Won ‘Uncommitted’ Delegates Huffington Post (hat tip Lambert Strether)
Antidote du jour (hat tip reader furzy mouse):








Albert Einstein – Why Socialism? http://monthlyreview.org/2009/05/01/why-socialism