I promise to get to some more serious posts over the weekend, but frankly, I need a bit of a breather.
WikiLeaks has posted its second Iraq trove, nearly 400,000 pages. The New York Times, Guardian, Le Monde, and Der Spiegel got embargoed documents. The New York Times claims, “…the Iraq documents provide no earthshaking revelations, but they offer insight, texture and context from the people actually fighting the war.” The Guardian headline suggests they are more signficant: “Iraq war logs: secret files show how US ignored torture.” And the Financial Times goes further: “US soldiers killed unarmed civilians, WikiLeaks claim“. So why does the Grey Lady minimize this account? Is it that the US use of torture is so routine that the Times does not consider the ugly details in the WikiLeaks documents to be much of a revelation? FYI, the Guardian summary provides a better overview than the NY Times. It also has a gripping interactive log which covers the abuses that took place on a typical day in 2006.
The Way We Treat Our Troops Bob Herbert, New York Times
U.S. Seeks Wider Role for CIA Wall Street Journal. Exactly how secret is this “secret” CIA effort if it is in a front page story in the Wall Street Journal?
Every email and website to be stored Telegraph (hat tip reader May S)
Wary of Google Street View? Move, CEO says MarketWatch
Mandelbrot tips off the markets Christopher Caldwell, Financial Times
Statement On The Kotok Plagiarism Gonzalo Lira
How To Think About QE2 (Wonkish) Paul Krugman. Consistent with a study by Jim Hamilton we pointed to earlier, that found that the first round of QE lowered long bond rates by a grand total of 17 basis points.
QE: The Numberless Oblivion Andy Xie, Caixin. This piece is unhinged in some respects, but also makes some good observations. Not Xie’s best work, but nevertheless worth reading.
U.S. Prevails in Trade Dispute With China New York Times
Court lifts ban on $2.7bn debt collection Financial Times
‘Super-councils’ plan would redraw the map of London Independent (hat tip reader May S)
The World’s Jon Stewarts Foreign Policy (hat tip reader Valissa)
England’s Recovery Plan is Bullocks Marshall Auerback, The Daily Beast
Fraud in foreclosure summons a disturbing trend in Duval County Florida Times-Union (hat tip reader pdgrey)
Foreclosures spawn new attitude to ownership Financial Times. Be sure to read the last 1/3 of the article.
Exclusive Excerpt: America on Sale, From Matt Taibbi’s ‘Griftopia’ Rolling Stone (hat tip reader Emanillo Z)
Foreclose on the Foreclosure Fraudsters, Part 1: Put Bank of America in Receivership William Black and Randall Wray, Huffington Post. Today’s must read.
Antidote du jour. I know some of you like only mammals as antidotes, but I try to be non-discriminatory, and this is a handsome snake, independent of its accessories: