Turkey bans use of Google, services International Business Times
Helen Thomas, Christopher Hitchens, and being wrong Felix Salmon
Liveblogging World War II: June 8, 1940 Brad DeLong
Summer of Tears Mike Roberts, Louisiana Bayoukeeper
BP Oil-Capture-Rate Increases as Pace of Spill Stays a Mystery Bloomberg and Rate of Oil Leak, Still Not Clear, Puts Doubt on BP New York Times. The MSM is starting to hone in on the fact that BP has lied consistently about the size of the leak, with good reason, so its new course of action appears to be to obfuscate. That is the strongest indicator that the leak is much bigger than the 12,000 to 19,000 barrel a day figure we’ve heard recently. And we have this troubling idea, that the latest operation may have made matters worse. From the Times:
At least one expert, Ira Leifer, who is part of a government team charged with estimating the flow rate, is convinced that the operation has made the leak worse, perhaps far worse than the 20 percent increase that government officials warned might occur when the riser was cut….
“The well pipe clearly is fluxing way more than it did before,” said Dr. Leifer, a researcher at the University of California, Santa Barbara. “By way more, I don’t mean 20 percent, I mean multiple factors.”
Swiss Lower House Rejects UBS Pact Wall Street Journal. This is going to get interesting.
Bernanke comments bring out the bargain hunters Financial Times. So get this:
“News” that Federal Reserve chairman Ben Bernanke thinks the US economy is improving is encouraging a bit of timid “bargain hunting” by embattled risk investors.
Help me. Someone is going to listen to the forecast of a man who was a housing bubble denier and deemed subprime to be contained?
Tough times ahead for China steel companies China Daily (hat tip Clusterstock)
World-Wide Hiring Set to Pick Up WSJ Economics Blog
Does Studying Economics Make You More Republican? Economix. Um, correlation is not causation…
Fitch Warns U.K. on Fiscal Challenge Wall Street Journal
Who’s exposed to Hungary FT Alphaville
Bond Maths: iPIGS + CBs = GSEs MacroMan
TDI Podcast 164: Yves Smith – Naked Capitalism The Disciplined Investor. You can listen on ITunes or Zune.
Antidote du jour: