Apologies for thin posts tonight. Your humble blogger feels like death warmed over.
US manufacturers face skills shortages Financial Times
Network News at a Crossroads New York Times
The illusory China-selling TIC data FT Alphaville. This is not the first post of this sort (I think Michael Pettis gets the credit of filling in, at least as far as China is concerned, for the much-missed Brad Setser), but more eyes on the data are always welcome.
Size doesn’t matter, says white paper on systemic risk Risk (hat tip Richard Smith). The title overstates the case made by the paper, which makes some sound observations.
Germany leans against giving aid to Greece Eurointelligence. European stock markets all up nicely as of this writing, and Bloomberg also has a story, Corporate Bonds Rally by Most Since August on Greece Plan, which together suggest these issues have not yet registered on markets.
The Meaning of MERS The Chink in the Armor. Makes a bold claim, that the failure of MERS to hold the promissory note (essential for it to have legal standing) has broad implications as far as the legitimacy of title and title transfer are concerned. I’d welcome knowledgeable reader input.
Hyperbole and outright lies billy blog
RBS paid £1.3bn bonuses on profit of just £1bn Telegraph (hat tip reader Swedish Lex)
Europe: A meeting of minds Financial Times (hat tip reader Swedish Lex)
Greece urges expatriates to help cut its debt Guardian. Wishful thinking, big tim.
Soros Criticizes Obama’s Bailout Wall Street Journal
Financial Reform Endgame Paul Krugman, New York Times. I differ with his argument re the merit of passing an imperfect health care reform bill, but that’s an aside in an otherwise very sound piece.
Antidote du jour. From the BBC:
A tigress was returned to the wilds of Storekhali forest in India on Wednesday. She was found wandering near human habitation and caught by conservationists. They have now fitted her with a radio collar to track her progress and released her.