Obama trapped behind wall of containment Ira Chermus, Asia Times. Frames the US problem in the Middle East as a problem of containment. An intriguing take.
More American Workers Outsourcing Own Jobs Overseas The Onion (hat tip Michael Panzner)
Chamber Of Commerce Gets What It Wants On Tax Dodger Ban From Senate Committee Huffingtn Post (hat tip reader John D)
Krugman on the end of trade Felix Salmon
US still world’s biggest manufacturer but China gains: study Raw Story. Reader John D notes: “The Manufacturing Institute is spinning an intriguing tale with numbers here. They are pointing to manufacturing value an interesting number since
our biggest exports are high priced aircraft and war machines. Yet global
market share is down and manufacturing as a percentage of GDP is down but
not to worry about that.:
Consumer Credit Crumbles EconomPic Data
Vanilla afterthoughts Steve Waldman
In Merrill’s Failed Plan, Lessons for Pay Czar Louise Story, New York Times
Citi Review Said to Give Most Bosses Good Marks Eric Dash, New York Times. Stress tests redux. If this is the conclusion, clearly there is something wrong with the scorecard.
Antidote du jour: