The Consolation of Animals Richard Coniff, New York Times Happy Days, The piece is nice, but the very existence of this blog (“The Pursuit of What Matters”) is a real sign of the times.
The Obama Time Capsule (hat tip reader lambert). I am not sure what to make of this…and it does seem to be serious.
Stupid Burglar Nabbed by Backup Program Bruce Perens
G.M. Plan Gets Support From Key Bondholders New York Times and Hopes rise for fast GM bankruptcy exit Financial Times. Both stories report progress on the GM bondholder front, with the FT more positive, in keeping with the headline. The Times article is much more detailed on the state of play and seems more credible.
Proposal for US bank regulation draws flak Financial Times
Making Sausages, Data in China Wall Street Journal (hat tip reader Michael)
Insight: Recovery not as easy as U, V, W Gillian Tett, Financial Times. A balanced and useful reading.
The Inefficient Capital Markets Hypothesis Steve Lubben, Credit Slips
The Big Inflation Scare Paul Krugman
A Return to a Nasty External Dynamic? Tim Duy, Today’s must read. Directly addresses the Treasury yield issue which Krugman pointedly avoided.
Antidote du jour, from reader North:
I’ve attached a picture of a goat from my trip to a goat dairy outside Philadelphia (the only place I’ve ever seen chubby dairy animals – the owner really loves his goats). The goats were, if possible, even cuter than they look in the photos, and because they’re bottle-fed, they’re friendly as puppies.