Yeast-powered fuel cell feeds on human blood New Scientist
People in Need Are Filling and Taxing Libraries New York Times
AIG Debacle Not My Fault, Says Greenberg; Testifies Today Wall Street Journal. Please. Greenberg signed on to a firm within a firm arrangement with AIGFP, broke it, then reinstated it, and when Howard Sosin (who did know a thing or two about risk) left, he promoted Cassano, who did not.
Geithner’s Plan: Loopholes Galore Business Week. It’s as bad as you feared.
Measuring the value-added of hedge funds Richard Bookstaber
U.S. auto sales plunge but bottom seen near Reuters. GM’s sales were down 45%, and they were having some pretty aggressive promotions. Can we be certain the bankruptcy talk isn’t a factor?
Born again – and again Julian Delasantellis Asia Times (hat tip reader Bill)
Hedge funds with $1bn-plus plummet 40% Financial Times
National Trade Barriers Report on Barriers to Trade – China Office of the US Trade Representative (hat tip reader Paul). 56 pages of not very pretty conduct.
On the Urgency of Restructuring Bank and Mortgage Debt, and of Abandoning Toxic Asset Purchases John Hussman. This is from a few days ago, but still highly relevant, and also has one of the best “what to do about the crisis” ideas.
Antidote du jour: