As world watches soccer’s Cup, Nike critic sees red Los Angeles Times
Team’s Work Uses a Virus to Convert Methane to Ethylene New York Times (hat tip reader Crocodile Chuck)
Newsflash : Airline food is inedible Gumbat Stew
More on Boycotting BP from the LAT Columbia Journalism Review
South Carolina: Outlier or National Precursor?Patrick Caddell and Kendra Stewart, RealClearPolitics. Is the “No Incumbent Left Standing” movement getting traction?
Ten untruths about central clearing Deus Ex Macchiato
The three biggest lies about the economy MarketWatch (hat tip reader John L)
In Ireland, a Picture of the High Cost of Austerity New York Times
Shock therapy is best cure for banks Financial Times. Note this is an editorial.
Britain ‘might not cope with another bank emergency‘ Independent
Official warns of asset risk for Fed Financial Times. This confirms the Ambrose Evans-Pritchard report that the Fed is divided on further QE if (ahem, when) the economy stalls. But then we have this: RBS tells clients to prepare for ‘monster’ money-printing by the Federal Reserve Ambrose Evans Pritchard, Telegraph (hat tip reader nohongosean)
Volcker Rule May Give Goldman, Citigroup Until 2022 to Comply Bloomberg. This “accommodation” makes clear what a farce the rule is.
Greece’s best option is an orderly default Nouriel Roubini, Financial Times
Slugfest! This unfortunate paper Economics is Hard. Don’t Let Bloggers Tell You Otherwise by Kartik Athreya of the Richmond Fed elicited a firestorm of reactions. I am tempted to weigh in belatedly, but here are some of the better responses thus far:
Don’t Let Fed Economists Tell You Otherwise… Mark Thoma
Bloggers can’t do economics. Discuss. FT Alphaville
Do I Have Anything Interesting to Say? Matt Yglesias
Economists behaving foolishly Ryan Avent
Economics Is Hard? Karl Denninger (hat tip reader Scott)
Fed Economist: Bloggers are Stupid Bruce Krasting
Antidote du jour: