Toroidal Bubbles Forbidden Knowledge (hat tip reader Aquifer)
‘Anti-cancer virus’ shows promise BBC (hat tip reader John M)
Despite Promises and Spin, Afghan War Disastrous for Women AntiWar (hat tip reader May S)
IMF and eurozone clash over estimates Financial Times. The IMF dares to suggest bank balance sheets have taken a sovereign debt hit, and Eurozone officials have gotten bent out of shape. I guarantee the IMF estimates will prove to be low.
IMF Estimates Show Damage To European Banks Global Finance. The IMF numbers, for non-FT subscribers.
Un petit French funding problème FT Alphaville. MMMF retreat from Eurobanks making funding more expensive, for French banks in particular.
Tail risks and contract design from a financial stability perspective The Bank of England inspects some financial market chocolate teapots. Via @creditplumber, who picks off one telling quotation: “Some banks have told us they think they shouldn’t be required to hold capital and liquidity to deal with some extreme events – leaving the public sector to be the capital provider of last resort.”
US defence contractors ‘waste’ $12m a day Financial Times. Quelle surprise!
N.Y. billing dispute reveals details of secret CIA rendition flights Washington Post (hat tip reader Buzz Potamkin)
US appeals court considers wiretapping lawsuits Associated Press
AT&T’s Hubris Columbia Journalism Review
T-Mobile’s Strength as Industry Maverick Is Questioned New York Times. As a happy T-Moble customer, I beg to differ.
IA AG’s Office Whining That They’re Not Getting Credit for Settlement Bank of America Violated Marcy Wheeler
Bank of New York Mellon Chief Resigns in a Shake-Up New York Times
Nebraska Gov. Heineman Comes Out Against the Keystone XL Pipeline Dave Dayen, FireDogLake
Goldman Takes a Dark View Wall Street Journal
Tying Health Problems to Rise in Home Foreclosures Wall Street Journal (hat tip Lisa Epstein)
Clegg backs Cable in battle over bank reform Independent. The consensus seems to be ‘no reform until after the election’ now. That’s 2015 or so.
Our economy is fundamentally broken MacroBusiness. The Australian economy, that is.
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