We should end our disastrous war on drugs Martin Wolf, Financial Times
Lombardi et al. Wittemore Peterson (hat tip reader Jim) A research dispute on the XMRV virus.
Yoga guru begins fast to fight corruption in India Washington Post
Consensus decision making in Puerto de Sol Square, Madrid Lambert Strether
Economy to shift Obama ’12 strategy Politico
US unemployment unacceptably high, White House advisers admit Guardian (hat tip Philip Pilkington)
The Political Quandary of Barack Obama Immanuel Wallerstein. Aside from the fact that this starts with the premise that Obama cares about doing “good”, a useful piece.
In Alabama, a Harsh Bill for Residents Here Illegally New York Times
Florida witnesses said they were forced to hide video after South Beach shooting McClatchy (hat tip Buzz Potamkin)
UK economic gloom among worst in world Telegraph
Private equity debt cycle is wobbling again Financial Times
Is There an Echo in Here? Streetwise Professor. If you aren’t current on why clearinghouses are no magic bullet, this is a good one-stop catchup.
Banks May Need More Capital Wall Street Journal
Volcker Named to Panel That Will Advise on Too-Big-to-Fail Bloomberg. It’s encouraging that Simon Johnson and Anat Admati are on the panel too.
Five Misconceptions Squashed Niels Jensen
On Neoliberalism Sherry Ortner (hat tip reader Foppe)
It’s not just Dominique Strauss-Kahn. The IMF itself should be on trial Johann Hari, Independent (hat tip reader Externality). Today’s must read
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