Easy-Bake loses its bulb with 100-watt phase-out Yahoo (hat tip Buzz Potamkin). Since I never liked girlie toys, I don’t consider this to be a loss.
Strip or starve: Cash-strapped lawyer turns to exotic dancing to pay her debts Daily Mail (hat tip reader May S). You’ll hear about ones who turn to stripping. You won’t hear much about the ones who turn to prostitution.
Artist’s burning-bank paintings are hot commodities Los Angeles Times (hat tip reader Externality)
God Can’t Escape Taxman as Illinois Strips Hospitals of ‘Poorhouse’ Break Bloomberg (hat tip Buzz Potamkin)
Europe Close to Banking Crisis: El-Erian Bloomberg
Greece Should ‘Default Big’ to Address Worsening Debt Crisis, Blejer Says Bloomberg (hat tip Buzz Potamkin)
Is Greece the catalyst for another panic? Ed Harrison
Time for Germany to make its fateful choice Martin Wolf, Financial Times
Geithner Takes Tougher Tone on Europe Bloomberg (hat tip reader Swedish Lex)
China Must Avoid Lending to ‘Troubled’ Nations, Former PBOC Adviser Says Bloomberg. This is a diss to Europe.
Road rage triggers fury against China’s elite Financial Times (hat tip Buzz Potamkin)
Report: Government spends billions more hiring contractors over public workers CBS (hat tip reader Valissa)
Obama’s unhelpful advice Politico (hat tip reader May S)
Obama Looks for Big Health Cuts, Worrying Democrats New York Times (hat tip Brian K)
Treasury to accommodate Fed on ‘Twist’ Financial Times
As America’s Middle Class Shrinks, P&G Adopts “Hourglass” Strategy Tech Ticker (hat tip reader Valissa)
The Death of the Confidence Fairy Paul Krugman (hat tip reader Scott)
Minnesota AG Swanson Backs Schneiderman: No Settlement With the Banks Without Investigation Dave Dayen, FireDogLake (hat tip reader Carol B). If you had any doubts the settlement was toast, this ought to confirm it. I hadn’t heard Minnesota mentioned as one of the expected defectors. And it’s really striking that she objects to waiving MERS-related liability, when Minnesota has enacted MERS-friendly legislation.
The Non-Scenic Route to the Place We’re Going Anyway London Review of Books (hat tip reader PQS)
Osprey Arkive. From Scott’s wife Nancy, and Scott writes:
I know Richard’s always pushing you to use wildly inappropriate cutting edge antidotes. This one might bridge the gap, and show the survival-of-the-fittest, naked capitalism that the Steve Schwarzman’s and Cliff Asness’s of the world so adore, at least until they need a bailout.
Antidote du jour (hat tip reader Lance, from FrogBlog). Caption: Sea otters hold hands to keep from drifting apart while sleeping.