Dolphin society ‘is run by gangs’ BBC. And that makes them like people!
1 of Japan’s damaged reactors has high radiation, no water, renewing doubts about stability Washington Post. Godzilla is coming!
‘It’s like a flea market for airport employees': More than 200 items stolen every DAY from checked baggage at JFK airport Daily Mail (hat tip reader May S)
European finance: The leaning tower of perils Financial Times. The first part of this article is scary, in that the writers don’t seem to get the real point of LTRO: it’s a backdoor monetization of government debt (they treat the feature as a bug). So the issue isn’t bank/government interdependence per se, it’s that the LTRO exposes the banks to interest rate risks. Ulp!(Oh, and there is also the related risk that the ECB gets worried about inflation too early and quits supporting periphery country debt before adequate growth takes place, which looks likely given the refusal to abandon failed austerity policies. So that change in stance would lead to interest rate rises on sovereign debt and squeeze the banks). But the second concern is valid, that the LTRO is being used also to prop up the weaker banks and no one seems to be moving to clean them up.
Neil Heywood: Why The Death Of A British Businessman Suddenly Matters In China IBTimes (hat tip reader May S)
WELCOME TO THE OFFICIAL KICKSTARTER PAGE FOR GREECE! Timothy McSweeny. Wish this had been circulated to everyone in Congress before the Jumpstart Obama’s Bucket Shops act went to vote.
Greece’s Fringe Parties Surge Amid Bailout Ire Wall Street Journal
U.S. leaders had better heed Israel’s warnings on Iran Haaretz (hat tip reader May S)
Apologies to the Next Generation for the Turmoil to Come Chip Ward, TomDispatch
US acted to conceal evidence of intelligence failure before 9/11 Guardian (hat tip reader May S). Quelle surprise!
Calling Dr. Strangelove Consortium News
Women bankers riskier – Bundesbank study Financial Times (hat tip reader Swedish Lex). Crap research. Correlation is not causation.
The Critiques Against Jim Young Kim, Both Good and Bad Dave Dayen, Firedoglake
Breakthrough Leadership for the World Bank Jeffrey D. Sachs, Project Syndicate. Sachs is being a very good sport about this. Good for him.
Conservative Justices Challenge Government Over Health Law Wall Street Journal
Toobin: Health law ‘looks like it’s going to be struck down’ Politico. I am one of the few people who really would benefit from Obamacare (most of the uninsured don’t get that what they will receive is overpriced insurance that won’t cover much, particularly the serious stuff) and I’m nevertheless enjoying the prospect of Obama being handed a loss on his insurance/Big Pharma enriching scheme.
EXECUTIVE ORDER NATIONAL DEFENSE RESOURCES PREPAREDNESS (hat tip Lambert). From earlier in the month, but still germane Just imagine how bad an executive order could be. Then read this. I guarantee this is worse.
Democratic mayor of Boston refuses chance to endorse Warren The Hill (hat tip reader Kevin E). Not news, we discussed this before Warren announced her candidacy.
When privatisation doesn’t work Guardian (hat tip reader May S)
Prosecutors allege Gupta had co-conspirators Financial Times
Goldman Bows to Pressure on Board Wall Street Journal. Mirabile dictu.
Obama Mortgage Deal Frontman Sounds Off The Street (hat tip Buzz Potamkin). Tom Miller is either even stupider than I thought or just trying another round of PR.
Former Chillicothe couple found dead in Athens Chillicothe Gazette (hat tip April Charney). A foreclosure-induced murder/suicide.
Foreclosure Deal Credits Banks for Routine Efforts New York Times. Dave Dayen and yours truly, among others, pointed this out.
Antidote du jour. This blog has really beautiful outdoor photos, not very many animals, but worth a look. Hat tip reader Martha R.