Why did Truman drop the bomb? Mies Economics Blog
Zoom airline collapses and halts all flights Times Online
Sense and Reality on Energy Floyd Norris, New York Times
Merrill losses wipe away longtime profits Financial Times
Weasel Brokers Whine When Faced With New Rules Susan Antilla, Bloomberg
Accounting for Quality: the Quality of Accounting David Merkel. Gives a reasoned thumbs down to SEC proposal to adopt international accounting standards. The post is worth reading, and he plans to provide a link so you can complain to the SEC.
Fitch Downgrades WM Covered Bonds Program to ‘AA’ MarketWatch (hat tip reader dh). Any reader intelligence on this one appreciated. This doesn’t look so good for such a new market and such a recent issue.
Antidote du jour. A reader kindly sent me this photo, and I cannot locate the e-mail to give a proper hat tip, so e-mail me again and I’ll amend this post. The legend came with the photo and is not a personal view of mine.