Structural Power Technology Turns Car Doors into Batteries ExtremeTech (hat tip reader Carol B)
5 WikiLeaks Hits of 2011 That Are Turning the World on Its Head — And That the Media Are Ignoring Alternet (hat tip reader furzy mouse)
Fukushima nuclear plant may have suffered ‘melt-through’, Japan admits Guardian (hat tip reader May S)
Oil slick spotted in Gulf: Weathered oil from last year? McClatchy (hat tip Buzz Potamkin)
Romney Stuns World With Mundane Statement of Fact Mother Jones
The great land grab: India’s war on farmers Aljazeera (hat tip reader May S)
Freedom of Speech in Pakistan and India Global Economic Intersection
Iceland prepares $1bn bond issue Financial Times. As we’ve said, the bond vigilante talk that a government body that has defaulted can never go back to the market is tripe.
Georgia farmers attest to labor shortages ahead of new immigration law enforcement American Independent (hat tip reader furzy mouse)
Cash is king: Buy volatility and buy liquidity Ed Harrison
Eyes on Goldman-Libya Dealings Wall Street Journal. Goldman and a host of other firms are being investigated for violation of the Foreign Corrupt Practices Act. Who was the dumb lawyer who thought this would work:
As part of the arrangement, the Libyan fund planned to hand over the $50 million to Palladyne, according to documents reviewed by the Journal. Goldman said it would make the payment if the deal satisfied “Foreign Corrupt Practices Act representations as set out in the Terms Letter,” among other conditions.
Lawyers said firms generally can’t rely on such language to ensure compliance with antibribery laws.
How Does Geithner Still Have a Job? Jon Walker, Firedoglake. I think he’s licensed Steve Jobs’ reality distortion sphere. Seriously.
The destruction of the middle class will not be televised – 56 percent of American workers have less than $25,000 saved. Even worse 60 percent of retirees have less than $50,000 saved. 45 million on food stamps and the consequences of peak debt. MyBudget360 (hat tip reader furzy mouse). Good charts despite the eccentric headline length.
Output Has Not Fully Recovered Tim Duy
US Senate blow for banks over card fees Financial Times. Well, the banks finally lost one, but only because WalMart was on the other side.
Antidote du jour: