‘Slaughter’ fear over poaching rise BBC. This time it’s elephants
Decline & Fall of America: JP Morgan Fleeces Alabama Hicks With “Shit Bonds,” National Guard Called In Mark Ames (hat tip reader Joe C). My mother lives in Jefferson County, and the only reason I can fathom why the county has not defaulted or declared bankruptcy is the resulting litigation would expose not just incompetence but fraud on behalf of the officials involved.
America needs a single bank regulator Mark Werner, Financial Times
White House Affirms Deal on Drug Cost New York Times (hat tip DoctoRx). Health care reform is dead on arrival. If the US is not going to push for lower drug prices, what is the point?
Where Did Manufacturing Go? Steve Ellison
Hank Greenberg Said to Face SEC Lawsuit After Role as AIG Chief Bloomberg. Couldn’t happen to a nicer guy. It increasingly appears that AIG had a serious shell game going at the subsidiary level.
“Did Welfare Reform Work for Everyone?” Mark Thioma
Goldman Sachs admits it’s under government investigation Raw Story (hat tip reader John D)
‘Underwater’ Mortgages to Hit 48%, Deutsche Bank Says Bloomberg (hat tip reader Michael D) and About half of U.S. mortgages seen underwater by 2011 Reuters (hat tip reader John D)
For Today’s Graduate, Just One Word: Statistics New York Times, I could be wrong, but I suspect Taleb would regard this as a bad thing, Being able to integrate quantitative and qualitative analysis is a key skill, and it seems to be increasingly devalued.
You Do Not Have Health Insurance James Kwak, Today’s must read.
Antidote du jour: