Bionic penguins take to the water – and the skies New Scientist
The Wail of the 1% New York Magazine.
Drama at GE shareholders meeting The Hollywood Reporter (hat tip Tyler Durden)
GM to shut many US plants up to 9 weeks Associated Press (hat tip reader Dwight)
Worth Checking Out Michael Panzner
Falling Power Generation in April= China’s Economy Still in the Woods China Stakes (hat tip reader Michael)
Financial pugilism and offbeat analysis vie for space in blogosphere Irish Times (hat tip reader Scott). Nice words about the popular blogs, including NC.
U.S. Weighs Revealing Each Bank’s Capital Needs After Tests Bloomberg. This is getting tedious. At least Hamlet has good soliloquies.
Japan Pays Foreign Workers to Go Home New York Times
Cramdown Legislation Hits Senate Roadblock Housing Wire
Outstanding CDS fall 29% globally Financial Times. The ISDA attributes the fall to canceling of offsetting trades, I wonder how much is really due to AIG winding down trades.
The Reeducation of Tim Geithner Portfolio (hat tip reader Matt S)
McCulley: We need the political will to socialize the losses Ed Harrision. Parsing the doublespeak.
The Missing Witness Simon Johnson
Chapter 13 Rate Down Sharply in March Bob Lawless, Credit Slips
OTC Derivatives Collateral: $4.0 Trillion Alea, Um, isn’t this due to the credits deteriorating? It’s up from $2.1 trillion last year.
Clever wheezes do not mend banks William Cohan, Financial Times
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