Acid oceans ‘need urgent action‘ BBC. We wrote about this in 2007.
“Bad bank” may be put on hold: report Reuters versus US set for ‘big bang’ financial clean-up Financial Times. Not necessarily contradictory, but released in close proximity with a big difference in tone.
The Bailout Game, Comic relief.
Feds allege plot to destroy Fannie Mae data Associated Press (hat tip reader Tom)
Give Back The Bonuses James Ledbetter, The Big Money
Citigroup under fire over baseball sponsorship Guardian (hat tip reader Ed)
How I Learned to Stop Worrying and Love the TARP Calculated Risk. You need to see this.
It’s Theirs and They’re Not Apologizing New York Times
The credit crunch according to Soros Financial Times
Japan’s Economy – No End in Sight? Japan Economy Watch. A reader chided me for not pointing out how world class awful the Friday factory production release was out of Japan, and other economic updates from the Land of the Rising Sun have been less than stellar. This post gives an excellent and longer ranging overview.
Zimbabwe Dumps Currency Paul Kedrosky
US-China currency war eclipses Davos, and threatens the world Ambrose Evans-Pritchard, Telegraph
Layoffs: The new problem? Macroblog
Antidote du jour: