Dung loaming: how llamas aided the Inca empire Guardian (hat tip reader May S)
Words matter Daily Kos
When Austerity Fails Paul Krugman
Cosmetic surgery will not save the eurozone Wolfgang Munchau. Both Muchau and Krugman point out that the ECB is making what amounts to batshit crazy threats. Per Munchau:
The ECB has since stepped up its rhetoric, and is now threatening to deny Greek banks access to the ECB’s refinance operations after any restructuring.
Think about this for a second. Cutting Greece off from ECB liquidity would constitute a dramatic escalation of the eurozone debt crisis. It would force Greece out of the eurozone within days. You could say that the ECB is threatening to create so much mayhem in the financial system that the monetary union would effectively collapse.
Any explanations of ECB Derangement Syndrome very much appreciated.
VIDEO: Saturday Night Live’s Amazing Strauss-Kahn Eurozone Crisis Opener Clusterstock (hat tip reader Scott). In case you missed it.
When Institutions Rape Nations Rebecca Solint, TomDispatch
$1bn fraud at Kabul Bank puts UK’s Afghan pull-out in peril Independent (hat tip reader May S)
Nato’s mission in Libya needs a complete rethink, says former admiral Guardian (hat tip reader May S)
In the 2012 campaign, environmentalists don’t matter Los Angeles Times (hat tip reader Francois T)
States shorten duration for unemployment benefits Associated Press (hat tip reader May S)
Wall Street and ‘aggressive sexuality’ Aljazeera. The rest of the world seems puzzled by behavior we have sadly come to accept as normal. (hat tip reader Jerry F)
Antidote du jour: