As you can see, the want of my own posts tonight is not due to a failure to look for material!
Monkeys show language recognition Science News Examiner
White House Ponders Bernanke’s Future Wall Street Journal. Looking at the alternatives, we are probably better off with the devil we know. Summers? Dear God. Roger Ferguson? I know him from McKinsey, and let’s put it this way: everyone to a person was stunned when he got his earlier Fed appointment. But then he went to head a fancy financial products group at Swiss Re, which was doing stuff he and they did not understand, and in short order lost about a billion dollars. That qualifies him to be a systemic risk regulator? Christiina Romer is also on the list (oh dear) plus Janet Yellen and Alan Blinder.
Pakistani president Asif Zardari admits creating terrorist groups Telegraph (hat tip reader Paul S)
Home Prices Post First Quarterly Gain Since 2006 Housing Wire
CHART OF THE DAY: We’ve Wiped Out All The New Jobs Of The 21st Century Clusterstock. Eeek.
S&P Increases 2005-07 Subprime and Alt-A Loss Assumptions Research Recap
The Money Multiplier Mark Dow
Yen: Safe Haven, But for How Much Longer? Ben Bitroff
Global Financial Stress Menzie Chinn, Ecnobrowser
Shipping flashes early warning signals again Ambrose Evans-Pritchard, Telegraph
Apartment Vacancy Rate Hits 22-Year High Wall Street Journal (hat tip reader Don B)
Who gets the credit? And does it matter? Household vs. firm lending across countries Thorsten Beck. Berrak Buyukkarabacak. Felix Rioja, and Neven Valev, VoxEU
U.S. Treasury Opens Distressed-Debt Program Without Pimco Bloomberg (hat tip DoctoRx)
Antidote du jour. Fans around the world watched the Michael Jackson tribute: