Floodwater threatens overwhelming damage to Great Barrier Reef Independent (hat tip reader Buzz Potamkin). Truly depressing.
Her Candidacy Is Over — Palin’s “Brainwashing” and “Joe Welch” Moment Mark Green, Huffington Post
Horrific Arizona Massacre Is A Sign of Tragedies to Come David DeGraw (hat tip reader Mary S)
Hindu holy man reveals truth of terror attacks blamed on Muslims Independent (hat tip reader May S)
China’s lending quota? MIchael Pettis
Geithner Urges New Start for U.S.-China Relations New York Times. “Let’s bury the hatchet” is just a new variant on the usual Obama formula of setting its targets low and giving up on meeting them without a fight. But that’s because there was never any intent to fight from the get-go.
France and Germany veto increase in EU rescue fund Ambrose Evans-Pritchard, Telegraph
Involuntary Commitment and the Prison Population Mike Konczal
Fed Beige Book Supports Cautious Optimism Ed Harrison
Steven Pearlstein Needs an Economics Lesson Dean Baker
World moves closer to food price shock Financial Times
The CDS-bond spreads debate through the lens of the regulator Carlos Tavares, VoxEU
Mark Steel: We owe it to bankers to feel their pain Independent (hat tip reader Buzz Potamkin)
The Rise of the New Global Elite Atlantic (hat tip reader May S)
Antidote du jour: