Osteoporosis Drugs Might Carry Risk of Atrial Fibrillation Patient Safety Blog. Another one of my pet peeves. The medical profession is big on having people take meds and generally prefers that to lifestyle changes. Weight training not only strengthens bones, but even in people in their 80s, produces big improvements in all their age-related markers.
Irish Austerity Exodus Continues Angry Bear
Paper by EU Economist Backs Austerity’s Critics Wall Street Journal
How Europe Can Save Its Banks Bloomberg
Bank says Spain out of recession BBC. No, this is not from the Onion.
Liquidity shrinks as China renews tightening Financial Times
The REAL Reason for Saudi Shift Away from U.S. George Washington
Syria: After CW Removal, Obama May Again Go For Regime Change Moon of Alabama
Reasons behind the sell-off in crude oil Sober Look
Big Brother is Watching You Watch
NSA leaks face Mexico test Financial Times
Anger Growing Among Allies Over U.S. Surveillance New York Times
Administration changes deadline for marketplaces Washington Post
Health Law Fails to Keep Prices Low in Rural Areas New York Times
Guide to health care reform Consumer Reports (Lambert)
Union and third party leaders not fighting, not present Pruning Shears (Carol B)
JPMorgan negotiates through the revolving door Eyes on the Ties
US task force probes nine banks on mortgage-backed securities Financial Times. Wow, Obama must really need a distraction from the botched Obamacare rollout.
Fans shrug off extra World Series security Boston Globe. Bunk McNulty: “Docility training proceeds apace.”
JPMorgan Faces Possible Penalty in Madoff Case New York Times
How Much is QE Driving Equity Markets? (Hint: Not 100%) Barry Ritholtz. But one driver has been the stealth bailout to the mortgage-industrial complex: the mortgage settlements, QE helping PE firms hoover up distressed properties, which has in turn helped homebuilders…And of course, the direct effort to help the banks helped bank stocks, which are a significant part of stock indexes. So when you widen the frame to include other government actions aimed directly at goosing asset prices, it’s hard not to conclude that they are very significant.
Repo, Baby, Repo Counterpunch (Carol B)
Blackstone to sell bonds backed by lease payments Housing Wire. A sucker born every minute…
McDonald’s helps workers get food stamps CNN (Lambert)
Was Keynesianism Discredited in the 1970s? Pieria. I want to grind my teeth over this essay. It provides excellent historical detail, but then treats Keynesians as being true disciples of Keynes! Repeat after me, they aren’t, they are selling a variant of neoclassical economics that treats Keynes as a special case. Samuelson, the leader of American Keynesianism, called it a “neoclassical synthesis.” As we discussed in ECONNED, Keynes saw it as a major distortion of his work (it started in England, before Samuelson took it up, with an economist John Hick, who later repudiated it).
Workforce, Population, Jobs by Age-Group Michael Shedlock. Ugly.
Religious more likely to lie for financial gain Salon (Carol B)
Antidote du jour: