Teen smoking drops to record lows Christian Science Monitor
Future production from U.S. shale or tight oil Jim Hamilton, Econbrowser
World Bank fears fresh credit bubble in China on hot money flows Ambrose Evans-Pritchard, Telegraph
Greece faces ‘make or break’ year Financial Times
The other Dutch disease MacroBusiness
Syria: rebels fight Palestinian pro-Assad group (+video) Christian Science Monitor (May S)
It’s Time for the Truth about US Torture Methods Der Spiegel (May S)
Petraeus’s unusual civilian advisors raise questions Washington Post (Paul Tioxon)
Fiscal cliff talks take downward turn as Boehner presses for ‘plan B’ Guardian. Noise in the deal trajectory. The key thing to watch is how quickly Boehner and Obama get back to talking. Remember, Obama will give whatever it takes; the rest is mere posturing.
Get Ready for a Potentially Brutal Debt Ceiling Fight in a Year or Two Jon Walker, Firedoglake. Love the opening sentence.
Fiscal Cliff—The Well Orchestrated Dance Jack Rasmus (Lambert)
Obama admits he’s already conceded more than warranted Daily Kos (Carol B)
Even Some “Liberal” Journalists Are Losing Their Bearings on Obama’s Social Security Sellout Alternet. This is a feature, not a bug, but this piece does the important service of naming names.
Can We Please Stop Pretending Obama is “Capitulating” on Social Security? Jane Hamsher, Firedoglake
Sandy hook shooting: Was Adam Lanza lashing out against treatment? Christian Science Monitor
Statement on Erik Loomis Crooked Timber. This is nuts. I wonder if invoking guillotines is a safer metaphor, since none are in production (yet).
A projected 13.1 percent of workers will be unemployed at some point in 2013 Economic Policy Institute
After Recession, More Young Adults Are Living on Street New York Times
Full Employment as the New Progressive Paradigm New Economic Perspectives
CRA and the Housing Bubble Adam Levitin
Antidote du jour: