Cave Fish, Draconectes Narinosus, Discovered On Vietnamese Island Huffington Post (Carol B)
How tall can a Lego tower get? BBC (Richard Smith)
Price gouging: It costs more to send a text message on Earth than from Mars ExtremeTech (Carol B)
Loss of income caused by banks as bad as a ‘world war’, says BoE’s Andrew Haldane Telegraph. Haldane is not toning it down even though incoming boss Mark Carney has said he thinks nothing is wrong with having big banks, a clear disagreement with Haldane’s views. We’ll see if Haldane is simply making good use of his remaining time under Mervyn King and becomes more circumspect, or whether he keeps it up. I suspect the latter, and would further bet that Carney would not take it lying down.
Currency War Coming to Europe? Bruce Krasting
Europe’s temporary reprieve MacroBusiness
Prosthetic Legs Placed Outside Of Greek Parliament Clusterstock
Morsi has left Egypt on the brink Mohamed ElBaradei, Financial Times
Iran claims capture of US drone Guardian
Progressive media claims they’ll be ‘tougher’ on Obama now Glenn Greenwald. “Tougher” = wet noodle lashing.
Fiscal Slope Negotiations in the Context of Current Expenditures and Current Receipts Menzie Chinn, Econbrowser
The Debt Limit Is the Real Fiscal Cliff New York Times
Geithner: Social Security Should be Dealt with using a Separate Process Jon Walker, Firedoglake (Carol B)
The Social Dimension of Prosperity Dan Kervick, New Economics Perspectives
Buddhist Scholar Says Norquist Pledge Is Treason, Goes Viral Addicting Info (furzy mouse)
How the Coastline Became a Place to Put the Poor New York Times
No Foreclosure for the Holidays? Adam Levitin, Credit Slips. I like Levitin, but he has a Scrooge attack.
Deflationary Trends in Consumer Credit Michael Shedlock
An instant banking classic, from Treasury Select Committee hearing on HBOS (Richard Smith): https://twitter.com/creditplumber/status/275673495713751040: “It would appear the ability to see risk is inversely proportional to the time spent trying to model it.”
Antidote du jour (furzy mouse):