The man who smuggled himself into Auschwitz BBC (hat tip reader Jack)
DARPA Funds Nano-UAV Hummingbird h+ (hat tip reader Sugar Hush)
Tying pirates in knots The Engineer
An Empire at Risk Niall Ferguson, Newsweek
As Sales Vanish, Alligator Skins Stay on Gators New York Times
Unemployed Line Up To Reenact Job Loss Scenarios In Clooney Film IMB (hat tip reader John D)
History Lesson John Jansen. Congrats to Jansen on his joining TD Bank, but I am pretty certain this means the loss of his blog (big and even small financial institutions are not too comfortable with the concept).
Japanese Industrial Production Up, but Disappoints EconomPic Data
Harvard ignored warnings about investments Boston Globe (hat tip reader John D). The title is wrong. It should be “Summers ignored warnings about investments.” And it is not critical enough. For instance, one party rationalizes the losses by saying Harvard still earned 8.9% on its cash account. But Harvard committed to a long-term building program and ramped up other operating costs, yet kept putting the money at risk. If the university had invested more conservatively, it is less likely that it would have gone on a big spending campaign. I am hearing the budget cuts are large and wide-ranging, including no more hot breakfast for undergrads.
Buyers Take a Pass on Some Failed Banks Wall Street Journal
Professor advises underwater homeowners to walk away from mortgages Los Angeles Times (hat tip reader LeeAnn)
The Jobs Imperative Paul Krugman
Best Buy, Krugman and the Carry Trade Bruce Krasting
Antidote du jour (hat tip reader Jack):