US Breweries go to War against Fracking Industry OilPrice. Water quality has long been a huge issue for Coke in third world countries, a lot of their bottler support is on this front.
Do stimulus cheques go into the pokies? MacroBusiness
Japan-China Tensions Escalate Wall Street Journal
Paying the Bin Laden Tax Tom Engelhardt
Chilling legal memo from Obama DOJ justifies assassination of US citizens Glenn Greenwald, Guardian
A Comprehensive Look at the CIA’s Rendition, Detention & Torture Program Kevin Gosztola, Firedoglake
Tangle of Ties Binds SEC’s Top Ranks Wall Street Journal (Corey)
US DoJ accuses S&P of $5bn fraud Financial Times
What to do with Corporate Profits? Kent Willard. We took note of this problem nearly two years ago.
Corporate Rule Has ‘Infected’ AFL-CIO Leadership, Labor Activist Contends Truthdig (Carol B)
A Flaw in the Heart of the Justice Department’s Case Against Standard & Poor’s John Carney, CNBC (David F). Time for a readers’ “Where’s Waldo?” How many things can you find wrong with this argument?
U.S. Debt Rise Colors Budget Fight Wall Street Journal. The CBO might as well be a subsidiary of the Peterson Foundation. Since they want to push the line that austerity lite will be good for the economy, that means they show debt levels stabilizing well below the Official Scary (But Actually Bullshit) level of 90%. But they are still fearmongering anyhow.
The sequestration cuts and the state of the states FT Alphaville
Moody’s warns of debt refinance struggle Financial Times. The content says pretty much the reverse.
Federal Reserve hacked Guardian
In Hard Economy for All Ages, Older Isn’t Better … It’s Brutal New York Times (May S)
Crunch feared if collateral rules enforced Financial Times
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