You get one less post than usual today. That may be the case tomorrow too. I really need to regroup after the Bank of America series push (I still have a couple of posts coming, but they are less data driven).
Marine biologists confirm squid can fly io9 (Richard Smith)
Pope Benedict XVI resigns: First Pontiff in 600 years to stand down because he ‘no longer has strength to carry on’ Daily Mail (Chuck L). This looks to be a long overdue change to having the Pope as a religious analogue to a king, serving for life. This should not be that earth-shattering, but organized religion has always been a bit of a mystery to me.
Pay-by-tweet service launched on Twitter Financial Times
The inside story of Aaron Swartz’s campaign to liberate court filings ars technica (Chuck L)
Russian wardens throw party for Stalin’s gulag Associated Press
China overtakes US in world trade Guardian
Chinese money supply jumps MacroBusiness
John Brennan as CIA chief would serve his own interests, not America’s Foreign Policy Journal (Chuck L)
S.E.C. Nominee Mary Jo White Discloses Law Firm Wealth New York Times. Her hubby would go non-partner at Cravath if she gets the nod.
The GOP Plan to Flush Your State’s Economy Down the Toilet Lynn Parramore, Alternet
Exterminating Angels London Review of Books
“Revolving door” may have hurt SEC money fund reforms: report Reuters (Richard Smith). Quelle surprise!
Kickstart Minsky Now! Steve Keen (Chuck L)
Secular Bear Market “Hibernation” Barry Ritholtz. Scott and a few others beg to differ in comments
Not all “risk assets” are created equal Sober Look
A Database of Names and How They Connect New York Times
Antidote du jour (furzy mouse):