World’s Most Conscientious Customer Completes Botched Software Purchase Over A Year Later [Above And Beyond] Consumerist
China moves to stem mass layoffs BBC (hat tip reader Michael)
China’s Workers Head Home Jobless The Straits Times (hat tip reader Michael)
Naomi Klein: The Borderline Illegal Deals Behind the $700 Billion Bailout AlterNet. All the things that Klein is exercised about were previously commented on here. The open question is whether her diatribe gets these issues treated more seriously.
The Professor’s Pop Quiz: Who Controls A.I.G.? Dealbook, New York Times
Advantage of Corporate Bankruptcy Is Dwindling New York Times. We had written earlier that the difficulty of getting debtor in possession (“DIP”) financing meant that a lot of bankruptcies that would in the past have been done as Chapter 11 (meaning the company would continue operating in some form) will now be liquidations. And that will make the downturn more severe. The issue is finally starting to get traction in the mainstream media.
Greece braces for shipping storm Reuters (hat tip reader Dean)
American Express Delinquencies Hit 4.4%, Defaults 6.96% Michael Shedlock
Is the US Too Big to Fail? Carmen Reinhart, Kenneth Rogoff
Antidote du jour: From Cute Zoo Animals Eating Birthday Cake, Huffington Post (hat tip reader Carrick):