Dear patient readers,
We may appear to be one post short today, but fear not! We have a biggie launching after Links, a bit before noon, so be sure to check back then.
NEW PARENTING STUDY RELEASED New Yorker (furzy mouse)
Minecraft Creator Kills Oculus Rift Plans Because Facebook Creeps Him Out Forbes. Lambert: “Second example of Kickstarter investor who found themselves funding a Facebook acquisition.”
Amid sweeping plains, a land bubble MacroBusiness. Oof, a land bubble is a sign of real speculative mania.
China’s struggle for a new economy Martin Wolf, Financial Times
Framework for Analyzing Risks of Chinese Shadow Banking Triple Crisis
PBoC steps in to calm China bank run Financial Times
Cash-sucking ‘vampire’ funds latest threat to China’s volatile banking system Bloomberg. This suggests that the widely-held view in the West, that China’s financial system is tightly controlled and hence crash-proof, is a tad dated.
China Corruption Reporting Becoming Impossible; JPMorgan Banker In China Resigns Amidst Probe DSWright, Firedoglake (Carol B)
ECB Set to Mull Heavier Stimulus Wall Street Journal. Um, haven’t we learned that the central bank flavor of stimulus just gooses asset prices?
Despite Effort’s to Undermine and Discredit 22M Mobilizations in Madrid, the Fight Carries On Revolution News (Deontos)
Pari Passu VIPs and Mexico’s CAC Gravitas Credit Slips
Hot Air About American Gas Will Not Scare Putin Council on Foreign Relations
Capital controls feared in Russia after $70bn flight Ambrose Evans-Pritchard, Telegraph
Europe Doesn’t Need America’s Fracked Gas Dean Baker, Counterpunch (Carol B)
Showdown in Ukraine: Putin’s Quest for Ports, Oil, Pipelines and Gas OilPrice. Much better and more balanced than its title.
Exchanges With Private Insurers Is a Wasteful Way to Increase Benefits Jon Walker, Firedoglake. Read the post. The comparatively bland headline masks the appallingly high level of skimming by intermediaries.
White House Gives Americans Extra Time to Sign Up for Obamacare Time. A de facto admission that they aren’t getting the sign-ups they wanted. “Last minute rush” is the cover.
Justices sound ready to reject contraceptives mandate under Obamacare Los Angeles Times. Notice gender split.
A Week of Oil Spills OilPrice
FBI informant sparked probe of Onondaga County Legislature chairman’s firm two years ago Syracuse.com. Another mortgage fraud investigation of small fry. Help me.
Tell the SEC: Require Corporations to Disclose Campaign Spending Move.on. This is by Jeff Merkeley and is a good idea, so please sign!
NY Fed finds big banks enjoy ‘subsidy’ Financial Times. Duh.
Goldman Sachs’ Outrageous Scheme to Profit Off Jailed Young Offenders Alternet (1 SK). A must read.
Why Is S&P Data About To Disappear From The Best Economics Website In The World? Business Insider. More FRED tooth-gnashing.
The Risk of Stock-Market Vertigo Wolf Richter
Trish Regan, Einhorn apologist Felix Salmon
Australia’s richest person Gina Rinehart receives welfare loan from US taxpayers HangTheBankers (1 SK)
Self Help is No Help When it Comes to Inequality Helaine Olen, Reuters
FORCES OF DIVERGENCE John Cassidy, New Yorker. More on inequality.
Antidote du jour (furzy mouse):