Moab man embraces simple life living in cave Denver Post (hat tip reader EV)
Early Data Suggest Suicides Are Rising Wall Street Journal
A risky trial that offers little reward Clive Crook, Financial Times
After the crash, Iceland’s women lead the rescue Guardian, I actually find this sort of gender stereotyping annoying, and worse, the women here are playing it up. Women are not paragons of virtue. The reason that women can be useful reformers is they are typically only marginal players in the power structure, and they therefore have little to lose and much to gain by taking high-profile cleanup roles.
World’s largest ice sheet melting faster than expected Guardian (hat tip reader John D)
Greece tests the limit of sovereign debt as it grinds towards slump Ambrose Evans-Pritchard, Telegraph
Timmy!’s Testimony Streetwise Professor (hat tip Jim Chanos). Raises a point the SIGTARP missed: why didn’t the Fed simply guarantee the positions? And all roads lead to Goldman’s Start transactions:
The SIGTARP report states that, unlike the other AIG counterparties, “Goldman Sachs did not hold the underlying CDOs but rather had sold equivalent credit protection to its clients who held those positions.”
Wave of Debt Payments Facing U.S. Government New York Times. The bond market vigilantes are speaking.
The Phantom Menace Paul Krugman
Rep. Hinojosa drops support of bank overdraft legislation The Hill (hat tip reader John D)
Newsflash: Posner Gets Japan Wrong Economists for Firing Larry Summers
Antidote du jour (hat tip reader Richard):