Telescope search for ET revived BBC. I think we have too narrow an idea of what forms intelligent “life” might take.
Essex police charge man over water fight planned on BlackBerry Messenger Guardian (hat tip Buzz Potamkin)
Fired techie created virtual chaos at pharma company IT World. Frankly, I’m surprised that this doesn’t happen more often, certainly in a less crude manner (like letting nasty viruses in).
Candid photo of new U.S. ambassador charms China USA Today (hat tip Buzz Potamkin)
Nicolas Sarkozy Just Announced Plans For A New Tax On Financial Transactions Clusterstock (hat tip reader furzy mouse)
Pledge for Euro Unity May Not Be Enough to Satisfy Markets New York Times. This could be a generic headline on the Eurozone for at least the last year.
Dangerous Merkel-Sarkozy Spin Credit Writedowns
Obama Presses His Case in Crucial Iowa, but Perry Is Close on His Heels New York Times. The Times uses the same word for Obama that I use for Bank of America: beleaguered.
How the Political Right Bullied the Department of Homeland Security Into Ignoring the Threat of Right-Wing Extremism Alternet (hat tip reader May S)
Perry compares Fed stimulus to treason Financial Times. I’m no fan of the Fed, I think the QEs were desperate and ineffective measures, but this is deranged. It looks like the strategy among the Republican contenders is to try to outdo each other in hyperbole.
The dual-taxation meme Felix Salmon (hat tip Richard Smith)
The Systemic Risk Industry Adam Levitin, Credit Slips
Walmart warns on US weakness Financial Times (hat tip Joe Costello)
Fitch maintains US’s triple A rating Financial Times. On corporate bonds and RMBS, Fitch is usually faster to downgrade than S&P and Moody’s
Nudging us into giving up on our Social Security Lambert Strether
Lawsuits reveal the doublespeak of mortgage bond sales Housing Wire (hat tip Lisa Epstein). This is more entertaining than you might infer from the headline.
BofA Said to Consider Foreclosure Deal That Leaves Securities Probes Open Bloomberg. This story is pure BofA PR and I though posting it to debunk it would dignify it more than it deserved. “BofA to Consider”? This “deal” is running on fumes. There is no momentum, and the other AGs are getting cold feet (if they didn’t have them already) since if NY’s Schneiderman and Delaware’s Biden find real dirt (almost certain), the rest look like bank cronies for signing a deal without doing document discovery. If they are in a state where a big bank is a big employer, they might get away with that, but it is a risky strategy. And Mr. Market doesn’t buy it either. The stock closed down over 4% when this story broke during the trading day.
Knights of Columbus Add New Claims To BNY Mellon Mortgage Suit Wall Street Journal
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