Tiny Robotic Bee Assembles Itself Like Pop-Up Book Wired (hat tip reader Paul S)
Bouncing off the walls: Can parkour boost urban economies? Grist (hat tip Lambert)
China to launch next manned spacecraft in summer Asahi Shimbun
Wireless drug implant takes the trouble out of treatment Nature (hat tip Lambert)
Arizona sheriff facing allegations of misconduct forced to publically announce he is gay Washington Post. Per Lambert: “Of course, Pravda doesn’t put that he’s a Republican in the headline. Closeted Republicans are really a ‘dog bites man’ story, at this point.”
Saudi Arabian millionaire ‘with links to 9/11 terror attacks’ living in luxury London home while working for state oil company Daily Mail. Reader May S. contrasts this with the “comfort arrest” reported yesterday.
“Economy Class Syndrome” Debunked Columbia Journalism Review. Not at all certain the indignant tone is warranted. What is wrong, exactly, with taking aspirin as a precaution on 8 hour plus flights? I know doctors who recommend a full dose (not a baby aspirin) daily as a stroke/colon cancer preventative for all patients save those with gastro-intestinal issues.
Problems alleged with major Afghan mining deal McClatchy (hat tip Lambert)
Riots in streets of Valencia against cuts in public education Demotix (hat tip reader Skippy)
Shanghai lowers tax on new flats South China Morning Press (hat tip Lambert)
Foxconn Plans to Lift Pay Sharply at Factories in China New York Times
Government issues Medicare Advantage guidelines Reuters. Lambert points out that this looks like a guarantee of insurer margins.
America’s Poorest People Running Out Of Places To Live: Study Huffington Post (hat tip Lisa Epstein)
When a County Runs Off the Cliff New York Times. The article omits the fact that the municipalities within the county are also substantial providers of services and are functioning on a normal basis.
Modern Monetary Theory, an unconventional take on economic strategy Washington Post. Lambert found a really serious typo which looks to have been introduced by editors who can’t grok that you don’t need taxes to fund a sovereign currency issuer.
The Case of the Missing Premium Columbia Journalism Review. You must read this. Now.
Wall Street insider blasts his industry MarketWatch (hat tip reader George E)
“Memento”, the Meltdown, and the Mainstream Gerald Epstein, Triple Crisis (hat tip Doug Smith)
Mortgage Foreclosure Settlement: Who Pays? Huffington Post
Bonds Backed by Mortgages Regain Allure New York Times. The Times is quoting Greg Lippmann, the patient zero of subprime? If the SEC investigation of Deutsche Bank were remotely serious, Lippmann would be in serious trouble. What Greg Zuckerman and Michael Lewis have written about them in their books on subprime shorts alone is grist for a good civil suit. And even worse, the headline implies that there is a market for newly issued non-government guaranteed bonds (wrong, that’s dead) when this is about speculation in vintage subprime.
The funniest bit is that the Times is acting as if the fact that Lippmann is talking up the market is a tip of sorts. As one of my buddies pointed out long ago, what you worry about when an investor talks up his book is not that he is trying to get more people in to raise the price, but he is trying to get more people in so he can complete his exit.
Antidote du jour: