If you are in the US, remember we are now on daylight savings time!
Pay Teachers More Nicholas Kristof, New York Times
Herb Kohl vows Google probe Politico
Tablets users lower guard on security MobileBlorge (hat tip reader Sugar Hush). I bet this has to do with the corporate embrace of the iPad. Probably not worked out this consciously, but effectively, “If my company wants me to use this for work, and that entails my transmitting important data, if there are any security issues, they must have thought about it and any resulting problems are their problem.”
Japan Earthquake: before and after ABC (hat tip reader furzy mouse)
Gagging order by Sir Fred cannot stop net chatter Telegraph (hat tip Richard Smith)
Do blogs make reporting restrictions pointless? Malcolm Coles (hat tip Richard Smith)
Enough James Kwak
Why Don’t All Major Unions Own Banks? Jon Walker, FireDogLake
Is the Imperial Presidency Inevitable? Harvey Mansfield, New York Times (hat tip Joe Costello). OMG, when Harvey Mansfield sounds comparatively sensible, you know we are all in trouble.
Justifying Progressive Tax Rates Mike Kimel, Angry Bear
BofA Offers to Help Fix Mortgages…If You’re a State Legislator Abigail Field, DailyFinance (hat tip reader markna)
Administration Foreclosure Relief Programs Plagued By Broken Servicers David Dayen, FireDogLake
The dollar, the RMB and the euro? Michael Pettis. Money quote:
The RMB is unlikely to become a serious reserve currency in the foreseeable future. There are a number of reasons for this. First and most obviously, there are few realistic mechanisms by which the world can acquire RMB. Either China needs to run a large current account deficits, or it needs totally open domestic financial markets in which foreigners can easily acquire domestic RMB-denominated bonds to the tune of several percentage points of China’s GDP annually. I discussed why in a blog entry five months ago.
We are unlikely to see either for many, many decades.
Antidote du jour: