Dear readers, your blogger feels like death warmed over. Please bear with me if posts are light the next few days.
Heedlessly Hijacking Content David Carr, New York Times
California welfare recipients withdrew $1.8 million at casino ATMs over eight months Los Angeles Times (hat tip reader John D)
U.S. officials say Karzai aides are derailing corruption cases involving elite Washington Post. Quelle surprise!
The Market Crash as Double-Entendre Dating Ad Paul Kedrosky
From CNBC Business Journalist to Critic of Bankers on MSNBC New York Times
Fresh moves to unlock loan pool Financial Times
Banks Move Quickly to Blunt U.K. Levy Wall Street Journal
The €442bn question — a guideline FT Alphaville. Alphaville has been nervous for some time re an upcoming termination of an important ECB liquidity facility.
Another summit that disappoints Eurointelligence
Osborne’s first Budget? It’s wrong, wrong, wrong! Independent (hat tip reader John D)
The Third Depression Paul Krugman
Austerity: A Prisoner’s Dilemma? Peter Dorman
Gag orders in the Gulf continue Lambert Strether
BP’s Dumb Investors George Monbiot. From last week but still germane.
States Weigh Big Claims Against BP Wall Street Journal
BP oil spill: Barack Obama and David Cameron agree BP must not collapse Telegraph This is appalling. So BP is TBTF? If its liabilities are bigger than its assets, it should be restructured, full stop.
The Mother of All Cross-Border Bankruptcies? Jason Kilborn. Corrects some urban legends on how a BP BK would proceed.
Antidote du jour: