Cohan’s Messy Goldman Apology Ryan Chittum, Columbia Journalism Review
Private Universities Spend Twice as Much as Publics on Teaching Bloomberg. The writing is less than clear, it appears they mean “providing education” not just expenditures on instructors.
European Bank’s Economist Is Optimistic on Sovereign Debt, but Critics Are Wary New York Times. The confidence game is on.
Big inflows into money market funds Financial Times
N.Y. Fed: AIG Put Forth Waiver Wall Street Journal. This does NOT smell right. Normally, you’d only offer a waiver to achieve symmetry, that is, to get a waiver from litigation. AIG was gonna get rescued regardless, why would if OFFER to give a waiver? Rule number one in negotiations is no free concessions.
The vanishing American consumer and the coming trade war Robert Reich, Salon (hat tip reader Conor)
China’s Exports Explodes – 140% yearly increase in trade gap The Economic Populist
About Those Virgins Ed Harrison
AT&T, Verizon get most federal aid for phone service Washington Post (hat tip reader Paul S)
Why we must halt the land cycle Martin Wolf, Financial Times (hat tip reader Don B)
Antidote du jour: