Your humble blogger will be on Harry Shearer’s Le Show this Sunday. Check here to find local broadcast times.
Vandana Shiva wins Calgary Peace Prize Food Freedom (hat tip reader Aquifer). I never knew Calgary had a peace prize.
Phone-hacking: NoW reporter Neville Thurlbeck takes publisher to tribunal Guardian (hat tip Buzz Potamkin)
Greek Vote Approves a Despised Property Tax New York Times
Europe’s junk bond trade hit by turmoil Financial Times
Split opens over Greek bail-out terms Financial Times. This is seriously not good. The impulse is correct, to make banks take more pain, but you don’t retrade a deal at this late stage. Of course, I’m not alone in expecting the complexity and time needed to get various rescue arrangements approved is just not gonna work, but to have a supposedly settled deal go pear shaped is a very bad sign.
Frau Merkel, it really is a euro crisis Ambrose Evans-Pritchard, Telegraph. This is an excellent piece. If I did not have competing responsibilities, I’d have written about it.
Analysing the latest battle plan Macro Man
Deal…what deal? MacroBusiness. You gotta love Aussie directness.
Tallying the Toll of U.S.-China Trade Wall Street Journal
Scorning Voting, Protests Surge Globally New York Times
WikiLeaked at the State Department Peter Van Buren, TomDispatch (hat tip reader Thomas R)
Health Insurers Push Premiums Sharply Higher New York Times. Mine hasn’t, but instead somehow fails to receive a remarkably large percentage of the claims I submit. This never happened prior to five years ago, and the frequency increased greatly this year.
“Skin in the Game” Fails As a Health Care Cost Control Idea Jon Walker, FireDogLake. I have a 20% co-pay, which I find to be motivating, and I most assuredly do discuss with doctors whether certain tests are needed. I have skipped some that look to be overdoing it (colonscopies @ 50 for people with no risk factors; the US is the ONLY advanced economy where doctors push colonoscopies and adjusted for demographics, our colon cancer death rate is no better than anywhere else). But as readers can probably infer, I am far less deferential towards authority figures than most people. More broadly Megan McArdle argues that the whole idea of patients as informed consumers is bollocks: patients by definition don’t know enough to make informed choices on what constitutes good care. In America, we’ve been trained to think more is better, which is often not correct.
David Brooks Is Upset at Liberals Who INSIST on Applying Arithmetic to Economics Dean Baker, FireDogLake
US inflation expectations lowest for a year Financial Times
Freddie Mac Low-Balled BofA MBS Settlement Dave Dayen, FireDogLake
Rivals Scout Paulson Assets Wall Street Journal
Annals of management consultancy advice, overdraft-fee edition Felix Salmon (hat tip reader Crocodile Chuck)
The Responsibility of Intellectuals, Part I Noam Chomsky, ZSpace (hat tip reader Thomas R)
Antidote du jour. Richard Smith, in a soft rebellion against cute and fuzzy antidote du jour conventions, has submitted a video that is sufficiently intriguing as to offset the fact that is it about octopuses, which are not on many readers’ most favored critters list. Via Chris Boardman: