Dear readers, I have a lot of competing responsibilities through the end of the week after next. Post volume will probably be a bit light. Good candidates for guest and cross posts appreciated!
Polar Bear Cub Rescued At Alaska Oil Field Care2 (hat tip reader furzy mouse)
COMET HALE-BOPP ‘FROZEN TO DEATH’ Discovery
US Appeals Court Opens Federal Funding for Stem Cell Research ScienceDaily (hat tip reader furzy mouse)
Osama a casualty of the Arab revolt Asia Times (hat tip reader minh)
No dignity at Ground Zero Guardian
Time to Sever the Saudi Ties That Bind TruthOut (hat tip reader May S)
Declare victory and end the ‘global war on terror’ Gideon Rachman, Financial Times
NightWatch 20110502 kforcegov (hat tip reader Arthur)
Leave Libya or we will bring you down, allies tell Berlusconi Independent (hat tip reader Buzz Potamkin)
U.S. Business Has High Tax Rates but Pays Less New York Times. The article has some general observations about the US tax regime that are probably valid, but then goes on to discuss the effective US corporate tax rate v. that in other countries, as well as variations by industry. How can you take any of that seriously in light of this:
(Measuring taxes paid by companies is imprecise because tax filings remain private. In many cases, the estimates reported in a company’s financial filings with regulators overstate taxes paid in a year because they include deferred taxes. Nonetheless, academics, economists and elected officials use the estimates for comparative purposes.)
This is embarrassing. Adjust the reported taxes for the change in deferred taxes. We’d do that all the time in the age of stone knives and bearskins, um, spreadsheets prepared by hand. Still approximate but a better approximation.
There Goes the Data: Major Cuts at EIA Washington Gregor.us (hat tip reader Crocodile Chuck)
US becomes net exporter of fuel Financial Times (hat tip Buzz Potamkin). Note only refined fuel products…
Unemployment and house prices MacroBusiness
The Economist on Innovation and Jobs econfuture
RBS escape fate of the stupid Fintag (hat tip Richard Smith)
LPS filed motion for sanctions in bad faith, foreclosure defense attorney alleges HousingWire (hat tip Richard Smith)
Mortgage demand falling, says Fed Financial Times. What about “pushing on a string” don’t you understand?
Antidote du jour: