Study suggests weight may affect food impulses Washington Post. I have trouble with this notion. We as a culture did not have so many overweight people all that long ago. The main culprits look to be diet (bigger portion sizes, more sugary/fatty foods, sedentary lifestyle) but making it all stuff allegedly in the brain is a rationale for the first line of defense being drugs rather than lifestyle changes.
Light at End of Afghan Tunnel Recedes With Brazen Taliban Attacks, Army Desertion, and Flourishing Opium Trade FPIF Blog (hat tip reader Carol B)
Greece Nears the Precipice, Raising Fear New York Times
Greece should default and abandon the euro Nouriel Roubini, Financial Times
Siemens shelters up to €6bn at ECB Financial Times
The European Bank Run Ed Harrison
SURPRISE: Italy Rallies After Downgrade, World Markets Making Big Comeback Clusterstock. Go figure.
Can China escape as world’s debt crisis reaches Act III? Ambrose Evans-Pritchard, Telegraph
The Pillaging of Latvia Jeff Sommers and Michael Hudson, CounterPunch (hat tip reader Carol B)
Obama and the left back in sync Politico and Obama Debt Reduction Plan Calms Democrats’ Concerns On And Off Hill Huffington Post. If you believe the “hopey-changey” act a second time around, you deserve to be victimized. Per the old Yankee saying: “Fool me once, shame on thee, fool me twice, shame on me.”
On and Off the Table: Leaving the Door Open to Medicare Cuts Jon Walker, FireDogLake
AT&T Launches Ad Blitz in DC to Push T-Mobile Deal WSJ Deal Journal. Hah, they are wasting ad dollars trying to sell the notion that AT&T has good service.
Five questions the UBS investigations must answer Reuters (hat tip Richard Smith) and UBS Loss Highlights Loophole Wall Street Journal. OMG, I am really out of loop. Modern banks will do trades with no confirms with some counterparties? That is asking for trouble and that is exactly what they got.
Inside Amazon’s warehouse: Lehigh Valley workers tell of brutal heat, dizzying pace at online retailer Morning Call (hat tip reader Balaji)
U.S. Probes Rating-Cut Trades Wall Street Journal
A Solyndra Insider’s Words Bruce Krasting. I had wanted to write about Solyndra, since it was very clear that this was a typical VC “shit happens” deal failure, but it would have taken a ton of getting into the weeds to argue that. The fab making sense depended critically on silicon prices staying high, and they fell sharply. The late-stage money coming in was a sign that the DoE lending had not been a bad decision (remember, good decisions can still have bad outcomes; and the fact that the DoE was diluted was standard; new money in a troubled deal is always senior).
Coming Apart: After 9/11 transfixed America, the country’s problems were left to rot George Packer, New Yorker (hat tip Crocodile Chuck). From last week but still very much worth reading.
Antidote du jour: