Your blogger needed to spend most of the last two days crashing, for no apparent cause. Hopefully I will be more energetic going forward.
How America made its children crazy Asia Times. Boy, does this ring true.
Outlook bleak on Olympic cheats Aljazeera
Mediterranean seagrass could be hundreds of thousands of years old Guardian (hat tip Lambert)
The seed emergency: The threat to food and democracy Aljazeera (hat tip Lambert)
Why the Energy-Industrial Elite Has It In for the Planet Bill McKibben, TomDispatch
Dramatic drop in budget revenues Kathimerini (hat tip Marshall Auerback). Quelle surprise!
Greece misses bail-out deadline Financial Times
Capturing the ECB Joseph E. Stiglitz, Project Syndicate
Has the Euro Broken Out? Credit Writedowns
Temporary Employment: A New Ugly Rearing its Head in Europe? Angry Bear (hat tip Lambert)
Brazil privatises operations at three airports BBC (hat tip Lambert)
Some U.S. banks awash in ID theft tax-fraud proceeds as IRS cracks down Reuters (hat tip Lambert). I had doubts about the security of electronic filing. Wow, has the IRS botched it.
Another Campaign for Sale New York Times
Now the American right has even hijacked breast cancer’s pink ribbon Guardian (hat tip reader John L)
CONTINETTI: COMBAT JOURNALISM Washington Free Beacon. Per Tom Ferguson: Swamp creatures appear.
The 2012 Version of a Very Old Joke Angry Bear (hat tip reader Aquifer)
Admit It: Countrywide Is Bankrupt Big Think (hat tip reader Scott via Barry Ritholtz). From last week but still germane. The problem is that Ken Lewis looks not to have taken the steps to insulate BofA from Countrywide risk.
How Romney would tax us David Cay Johnson, Reuters
Bernanke: 8.3% Unemployment Understates Weakness in U.S. Labor Market Bloomberg. Mr. Market celebrates since that means Uncle Ben will give him cheap money longer.
Auto and Student Loans Drive Borrowing Surge Wall Street Journal
Short sellers target social network stocks Financial Times (hat tip reader Lambert)
The mantra of some financiers Carolyn Sissoko (hat tip Richard Smith)
Banks Paying Homeowners to Avoid Foreclosures Bloomberg (hat tip Richard Smith). Sounds like PR. I just had someone say in Baltimore banks are not responding to any calls re short sales. Notice that the first para indicates that the short sales are being done only on bank-held mortgages, and then I’d bet only on ones where there was no second lien.
Dichotomy Alert (hat tip Lambert)
Money, like hat-wearing, depends on convention, not laws John Kay, Financial Times
Antidote du jour (hat tip furzy mouse):