Mysterious illness strikes hundreds of flight attendants, causes rashes and hair loss – are ‘toxic uniforms’ really to blame or is it Fukushima? Natural News (furzy mouse). The piece is a bit histrionic, but that does not mean this is not a possibility.
Ahead of I.P.O., G.M. to Quit Advertising on Facebook New York Times. What do you want to bet GM used the IPO (as well as the extant doubts about the ad model) to negotiate for better ad rates and Facebook refused to budge?
“France’s Hollande’s plane struck by lightning en route to Germany” Climateer Investing (Scott)
‘It’s a witch hunt': Rebekah Brooks comes out fighting Telegraph (Anon)
Merkel and Hollande spell out Greek fear Financial Times. “We want to you to stay in the euro, and we still want to break you on the rack.” How inviting is that?
Weisbrot and Krugman are Wrong: Greece cannot pull off an Argentina Yanis Varoufakis
Italy’s banks shaken as economic slump deepens Ambrose Evans-Pritchard, Telegraph
Europe’s growth gulf MacroBusiness
ECB’s dilemma on the euro rescue Gene Frieda, Financial Times. This is important. The reason the Fed still maintains it could not have rescued Lehman was that Lehman didn’t have good enough collateral to pledge.
Wenzou’s debt deflation MacroBusiness
Turkey’s Attack on Civilians Tied to U.S. Military Drone Wall Street Journal
Corn on MSNBC: Romney Takes a Lead in the Polls Mother Jones. Is this why the Feds are going after JPM with such uncharacteristic speed?
Republican Party suckles at the breast of Big Business Los Angeles Times
The Main Point Peter Dorman, Econospeak (Aquifer)
Standing up to Jamie Dimon: Is it SAFE? Jerry Epstein (Triple Crisis)
The dogma of ‘credibility’ endangers stability John Kay, Financial Times
Credit event of the year…(drumroll) FT Alphaville
U.S. Said to Start Probe of $2 Billion JPMorgan Loss Bloomberg. Why is the word “criminal” not in this headline?
F.B.I. Inquiry Adds to JPMorgan’s Woes New York Times
Flawed Dimon Eliot Spitzer, Slate (Jesse)
Obama has assets in JPMorgan accounts: White House Reuters (Joe Costello)
Hedging and Proprietary Trading Adam Levitin, Credit Slips
US bank CDS hit fresh 2012 highs Financial Times. So much for the US not being exposed to a Euromeltdown.
Needy States Use Housing Aid Cash to Plug Budgets New York Times. Dave Dayen wrote about this IIRC over two months ago.
Accidentally Released – and Incredibly Embarrassing – Documents Show How Goldman et al Engaged in ‘Naked Short Selling’ Matt Taibbi (Matt S). You have to read this. Pretty much proves the worst of what the public believes about Goldman.
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D – 115 and counting. *
It would be irresponsible not to speculate. –Peggy Noonan
NATO Summit. Guides: from OccupyChicago (PDF) and Occupy Peace. Coverage and media: Mainstream wrap-up. TimCast (independent video streamer). Guardian live blog. Inflammatory headline watch: Chicago braces for violence at NATO summit
Participants: The NATO guest list is rawther long and includes every shade of left opinion — including OccupyChicago. And the ClownBloq (avec entartistes?). For unaffiliated out-of-towners, organizing bus travel fraught (true for Occupy DC also).
Authorities: DHS leads NATO security through Secret Service and Federal Protective Services divisions, working with the CPD (12,500 strong). (What was “shocking” six months ago is normal now.) Northern Command Gen. Jacoby reminds the troops (3000) they may not “solicit prostitutes.” Philly PD sends 67 officers to assist. (Oh great. But shows independent streamers are important.) interestingly, Charlotte, too. (Historically, forces from multiple jurisdictions face chain-of-command and communications issues, risking violence.)
Police tactics: A field guide for NATO. Kettling is costly! CPD chief McCarthy will control deployments of tear gas, bean bags, etc. “We’re going to take people who are committing crimes out of those crowds.”
Venues: NATO Summit itself is in McCormick Place (map). Protest stage, sound system permitted near venue (map). “NATO summit visitors promise to continue Chicago’s record tourism numbers.”
Green Party. Stein, with 50% of delegates won, claims mantle of presumptive nominee, crowd sources VP. After appeal, PA Democrats allowed to seize $56,928 from Nader campaign after Nader’s 2004 candidate petition ruled invalid and court costs were levied against the campaign.
WI (swing state). DNC offers support in every form but money. Barret blasts Walker’s criminal defense fund, connected to a secret probe of his associates. Yeah, “known unknowns”, campaign fodder, poor choice of companions, yadda yadda yadda, but “felony child enticement”?! Also, “massive [human] waste violation”. Also, too, jobs. Not.
CO (Swing State). 47,000 active oil and gas wells in CO and 17 inspectors (hat tip MR).
IA (Swing State). Gov. Branstad insists he’s ‘way ahead’ of job creation goal; state data suggests otherwise (hat tip TTH).
Inside Baseball. Everybody’s building models: Ezra Klein; WaPo; Nate Silver. Americans Elect “failed to generate interest in possible campaigns from Sens. Joe Lieberman and Lamar Alexander.” Nobody could have predicted. Schadenfreude from Krugman, and a whole gallery of very serious people who were wrong. And why not nominate The One True Wanker of The Decade?
Ron Paul. Paul’s campaign chair: “premature” to discuss Romney endorsement. “The most passive-aggressive political maneuver in modern political history.” Paul backers fail to win OK convention. Paulistas en regalia.
Romney. Romney pivots to ZOMG! Teh Debt!!! in IA barnburner: “A prairie fire of debt is sweeping across Iowa and our nation, and every day we fail to act, that fire gets closer to the homes and children we love.” In unrelated incident, Romney Veeps audition on same theme at Pete Petersen’s Catfood Conference.
Obama. The First Family has between $500,001 and $1,000,000 in a “JP Morgan Chase Private Client Asset Management Checking Account.” Have they never heard of “Move Your Money”? Why not avoid the FBI taint? Obama campaign releases “blistering” anti-Romney Bain Capital ad while raising $2 million at fundraiser held by Tony James, President of Blackstone Group. On the very same day. Pierce comments: “The problem is that the president goes around the country undermining the strategy by cozying up to the people who are in the same business as Romney is.” Obama will win in November, Americans predict.
* 115 days ’til the Democratic National Convention ends with funeral baked meats on the floor of Bank of America Stadium, Charlotte, NC. Because 115 has an odd number of 1s in its binary representation, it is sometimes called an “odious number.”
READERS: Again, here are the swing states: AZ,
CO, FL, IA, MI, NV, NH, NM, NC, OH, PA, VA and WI. I’m very interested in any local or state links you can send me from those states; original reporting, not wire services stuff. Now I have help with CO thanks to MR, and Iowa thanks to TTH but there are more!
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Antidote du jour: