Spy planes to recharge by clinging to power lines New ScientistTech
SunTrust Bails Out 2 Funds New York Times. The bank has reserved $400 million to rescue two money market funds.
Isn’t the WTO just so amazing? Dani Rodrik
Deal volumes suffer sharp fall Financial Times. Duh.
US Navy To Halt Hunting of Japanese Whaling Vessels for “Scientific Purposes” AP Reports Cassandra Does Tokyo
Blindly Into the Bubble Paul Krugman, New York Times. A well done piece on the role of conservative ideology in regulators ignoring the housing bubble and associated bad lending practices.
Walking Away from the Mortgage Contract Mark Thoma
Nonsense on Fertility Rates at USA Today Dean Baker
Droughts and inflation Michael Pettis, China Financial Markets
CNBC raises an important question — is FHASecure a flop? Interest Rate Roundup. Note we had been skeptical of this program from the get-go.