Out of their tree: virus blamed as drunken parrots fall from sky Independent (hat tip reader Buzz Potamkin)
Email AT&T’s CEO, Get Threatened With Legal Action Gizmodo. AT&T did eventually apologize, but one wonders if that would have happened ex the negative PR.
CIA Drone Operators Oppose Strikes as Helping Al-Qaeda Truthout. Reader Richard Kline notes:
The implication is that operatives are actually going through local intel from inside Pakistan that demonstrates, exactly as was and should have been predicted, that those slain are operatively inconsequential but the net result has been enormous recruiting gains for the Pakistani Taliban: we are growing their organization by this wimptastic assassination campaign. The same is alleged throughout SW Asia as a consequence of drone murders.
Yves here. I must confess that from the get go I hated the drone operation. I even met someone who owns a drone company (Stanford algorist, made a lot of money using his models to speculate on real estate in Vegas, then got into the drone biz. When I met him a couple of years ago, his just carried little cameras, but he may have moved up to bigger, meaning more deadly, things), He insisted, with a straight face, that he was in the business of saving lives. At best, he was in the business of death transfer.
Prosecuting Crimes Against the Earth David Uhlman, New York Times
The BP Oil Leak and Tea-Party/Business-Republican Politics Rdan, Angry Bear
Global Bank Pact Advances Wall Street Journal
Volcker: The Time We Have Is Growing Short Mark Thoma
EIA: Hard Core Peak Oil Forecast Steven Kopits, Econbrowser
Mortgage Applications Plummet John Lounsbury
JP Morgan fined £33.3m for client funds error Times Online
DTCC Posts CDS Market Activity Snapshot Alea (hat tip reader Richard Smith). Confirms one of our arguments as to why CDS are not suitable to be exchange traded (we’ve argued for them instead to be regulated as insurance, with the objective of greatly reducing their use). Click through to the data summary and look at the low trading volumes.
Lessons to be learnt from Kazakhstan Gillian Tett. The mouse that roared! Kazakhstan cramed down Western banks in the course of restructuring a Kazakh bank.
The Palestinians cannot be hammered into submission Philip Stevens, Financial Times
Prayers, tear gas and terror Sydney Morning Herald (hat tip reader Richard Kline). One of the first
extensive compilation of interviews from those onboard the Gaza aid
convoy (including Fairfax reporters).
Antidote du jour: