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Study suggests humans are slowly but surely losing intellectual and emotional abilities Medical Xpress (furzy mouse). The creepy bit is that the “city life leads to weaker human stock” is the same line eugenicists used to demonize immigrants, who typically sought work in major cities. And I doubt the rise in ADD and narcissism can be attributed mainly to nature (the article basically admits that, pointing out the genetic decay is pretty gradual).
BP in ‘Deepwater Horizon plea deal’ Guardian. Mirabile dictu, a criminal settlement
Shale Gas Bubble Bursting: Report Debunks “100 Years” Claim for Domestic Unconventional Oil and Gas Steve Horn, Firedoglake
What is China’s new investment surge building? MacroBusiness
Xi Jinping appointed new Chinese leader Financial Times
S&P: Australia is Spain in waiting MacroBusiness. I hate to sound mean spirited, but even if home prices in Sydney fell 40%, how affordable would they be?
Another War On Gaza Moon of Alabama
Panetta unaware of any more names in Petraeus case USA Today. That’s a remarkable headline.
Obama ‘withholds judgment’ on Petraeus Financial Times. Ringing Pontius Pilate.
Uprooted Students Endure Trek to Class New York Times. Sandy aftermath.
Zillow: Fiscal cliff may derail negative equity decline Housing Wire. Yet more fiscal cliff threats (I’m not saying it’s good, I’m sayin’ December 31 is a phony deadline).
Obama Meets C.E.O.’s as Fiscal Reckoning Nears New York Times
Did climate change controversy cause UVA’s sacking of Teresa Sullivan? Guardian. Lambert was onto this when the story was hot! Go Lambert!
Black Friday slips to ‘Grey Thursday’ Guardian. Will the union supporters protest, or impede the shoppers (like filling carts full of stuff and abandoning them in the aisles, or buying batteries and paying for them with small change?). I’m not sure what approved shopper WalMart petty sabotage looks like, but if I find out, I may go out on Turkey Day and cause a bit of trouble.
Want Less Inequality? Tax It American Prospect
Business Confidence Continues Its Stunning Collapse Clusterstock
Where has all the Risk gone? Golem XIV
BofA v. MBIA and the Future of Private Label Securitization Adam Levitin, Credit Slips
Antidote du jour (furzy mouse):