Extinct ibex is resurrected by cloning Telegraph
London Luxury-Homes Prices Have Second-Biggest Drop on Record Bloomberg. The biggest drop was in October.
Fisher Island: Still a Refuge, but Not From the Downturn New York Times.
Stiglitz Criticizes Bad Bank Plan as Swapping ‘Cash for Trash’ Bloomberg. I don’t always agree with Stiglitz, but I give him lots of credit for his willingness to cross swords with the orthodoxy.
Recession Can Change a Way of Life Tyler Cowen, New York Times
Lewis struggles to cope with latest Merrill drama Abigail Hofman Euromoney (hat tip reader Tim)
Refuted economic doctrines #5: Trickle down John Quiggin
The Consumption Collapse Continues Menzie Chinn, Econbrowser
Antidote du jour (hat tip for first, the two fishermen in Kyoto, reader Fritz, the second, reader Steve):