Japanese inventor buoyed by demand for tsunami rescue pod Reuters (hat tip reader furzy mouse)
Over-60s safe sex class in Portsmouth cancelled over ‘lack of interest’ BBC. This is an obvious pick-up opportunity, and so few takers?
Hungary’s default – the first victim, Erste bank Golem XIV (hat tip reader Crocodile Chuck)
Goldman Sachs let off paying £10m interest on failed tax avoidance scheme Guardian (hat tip reader Crocodile Chuck)
BSkyB investor urges Murdoch to go Financial Times (hat tip Buzz Potamkin)
Addicted to tax havens: The secret life of the FTSE 100 Tax Justice (hat tip reader Reader of Tea Leaves). Nicholas Shaxson’s summary: “98 of the FTSE 100 companies are in tax havens.”
Europe’s banks face 9% capital rule Financial Times
First aid is not a cure Martin Wolf, Financial Times
The historic parallels for trade war MacroBusiness
US currency bill passes Senate vote Financial Times
Trade Pacts Advance in Congress Wall Street Journal. Notice the mention of protests.
Obama and the Corruption of Big Oil Bill McKibben, TomDispatch
Hamiltonians in “Vanity Fair” Get Whiskey Rebellion, Tea Party, Hamilton Himself Way Wrong Wiliam Hogeland (hat tip reader Thomas R)
Here Are The Viral Subway Ads That Slam Rick Perry, Michele Bachmann, And The Mets Clusterstock (hat tip reader furzy mouse)
The worst OWS moment so far Joan Walsh, Salon (hat tip reader b)
Over 50 arrested at Occupy Boston demonstration Associated Press (hat tip Lambert Strether)
Democrats Seek to Own ‘Occupy Wall Street’ Movement ABC (hat tip Timothy K)
Goldman May Drop Bank Status: Hilder Bloomberg
Secret Informant Surfaces in BNY Currency Probe Wall Street Journal
Obama Endorses Sarbanes-Oxley Reform To Make Small IPOs Easier Clusterstock. This is ridiculous. Do you know what happens with small stocks? Pump and dump (and I’ve seen this at closer range than I would like. I had a former client get involved by having his private company merged into a public company controlled by small stock low lifes. They ran it from $1 to about $12 twice, and then it went back to under $2 and stayed there).
Why Countrywide bankruptcy likely won’t solve BofA MBS problems Alison Frankel, Reuters (hat tip Buzz Potamkin)
The Woman Who Knew Too Much Suzanna Andrews, Vanity Fair. On why Warren didn’t get the nod at the CFPB. Gives a good picture as to who here friends and enemies were, and in particular, how much Geithner had it in for her. There are a couple of real whoppers in here.
Antidote du jour (hat tip reader furzy mouse):