The special trick that helps identify dodgy stats Guardian (hat tip reader John M). From earlier in the month, but still germane.
The Onion’s Twitter Posts Draw Scrutiny New York Times (hat tip reader Scott)
Europe Blinking Red Mike Whitney, CounterPunch (hat tip reader furzy mouse)
Australian pension funds pressure News Corp board Associated Press (hat tip Buzz Potamkin)
How to stop a second Great Depression George Soros, Financial Times
Chinese Currency Bill: A No-Cost, Bipartisan, Long-Term Jobs Measure Dave Dayen (hat tip reader Carol B)
What kind of Western recession? MacroBusiness
Foreigners filling temporary jobs at North Carolina farms McClatchy (hat tip Buzz Potamkin)
“Occupy Wall Street” and the History of Democratic Finance Protest William Hogeland (hat tip reader Thomas R)
Six arrested protesting bank foreclosures during Occupy SF San Francisco Bay Guardian (hat tip Lisa Epstein). Reader Deontos sent me pix and a video clip, and you can see some protestors using blackface version of the Guy Fawkes mask. Is Anonymous adopting OccupyWallStreet?
Union Airline Pilots Occupy Wall Street Forbes (hat tip Robert N)
As NYPD Probes Footage of Police Brutality, Recording the Cops Still a Felony in Illinois Alternet (hat tip reader furzy mouse)
Outsize Severance, Even for Failed Executives New York Times
Why Don’t the Deficit Hawks Want to Tax Wall Street? Dean Baker, CEPR (hat tip reader Aquifer)
Investment banking fees at two-year low Financial Times
Japan’s rate dilemma casts shadow over Fed Gillian Tett, Financial Times. The fact sets are very different. Banks didn’t lend in Japan because they were so flush with cash that there was enormous competition for any decent loan. The profit (spread over funding cost) was so thin that they were loss intolerant. No one wanted to go into riskier loans because the perception was that they could not command enough spread to cover for expected losses. By contrast, the issue with smaller businesses in the US appears to have much more to do with loan demand than credit availability.
Phony Fear Factor Paul Krugman, New York Times
The No-Evictions Sheriff yes! (hat tip Lisa Epstein)
Sorry, But This Trader’s Banking Confession Was No Prank The Yes Men, Common Dreams (hat tip reader Aquifer)
NY TOXIC TITLES | HERKIMER COUNTY CLERK TO NATIONWIDE TITLE CLEARING “MERS ASSIGNMENTS AND SATISFACTIONS DO NOT COMPLY WITH ALL THE LEGAL REQUIREMENTS PER NY LAW” 4ClousureFraud (hat tip reader Carol B). Short and ugly.
Antidote du jour (hat tip reader Robert M). I give great credit to this owner for taking such good care of this cat.