Yours truly is desperately trying to get on a more normal schedule, plus fighting some fires. Will hopefully be back to a our regular programming mix soon.
Millions hit by biggest ever internet slowdown as cyber-hackers drop ‘nuclear bomb’ Daily Mail (furzy mouse)
CIA agent who ran Thai ‘black sites’ gets promotion Bangkok Post: (Lambert)
Still more Cyprus:
Cyprus to reopen banks, impose capital controls Reuters. Remember, this is one day this week, since pretty much the entire Christian world except weirdly the US treats Good Friday as a much bigger deal than Easter and is shut tight as a drum. The only days pubs are closed in Oz are Christmas and Good Friday, for instance.
Cyprus has finally killed myth that EMU is benign Ambrose Evans-Pritchard, Telegraph
A Royal Charter for the British internet John Gapper, Financial Times
US Army hollowed out after war BBC (Lambert)
Walmart to challenge Amazon online Financial Times. Alien v. Predator! Actually, Walmart achieves the difficult task of making Amazon look good.
US budget cuts ‘hit consumer sentiment’ BBC (Lambert). Duh!
Which States Have the Highest Food Stamp Rates? WSJ Economics Blog
Lehman plans to distribute $14.2 bln to creditors Reuters. Nominally up to 15%, may get to 20%, but what about the time value of money? If you use a risk-adjusted discount rate of 5% (which is probably low, I’m just being lazy and guesstimating), the recovery is more like 12%
Once More Through the Revolving Door for Justice’s Breuer New York Times
Fannie/Freddie to Homeowners: Do Nothing and Help Will Arrive Katie Porter, Credit Slips
Banks Seek to Overturn Judge’s Ruling in Critical Mortgage Case New York Times. See filing here.
Antidote du jour (martha r):
And an early Easter item from furzy mouse….the Instant Easter Chick!