The risks of believing that the Mayan calendar ends December 21, 2012! Carl Johan Calleman (hat tip Richard Smith). The Mayan end of the world is really today! Hope you are prepared.
Conservatives Are More Squeamish than Liberals LiveScience (hat tip reader Aquifer)
The Most Anal CEO Ever Gawker
How a Jellyfish Protein Transformed Science LiveScience (hat tip reader Aquifer)
Astronomers discover complex organic matter in the universe e! Science News (hat tip reader peak oil not)
Decreasing Inequality Under Latin America’s “Social Democratic” and “Populist” Governments: Is the Difference Real? CEPR (hat tip reader Thomas R)
China spoils the party MacroBusiness
CDOs on the brink of collapse: report BusinessSpectator (hat tip reader Crocodile Chuck). The impact of the seizure of US mortgage insurer PMI hits Australian investors.
Art world thumbs its nose in Paris at economic crisis DailyStar (hat tip reader 1SK)
Roger Bootle on the European Crisis Deal: Get Austere or Die Trying Credit Writedowns
The Path Not Taken Paul Krugman, New York Times. On Iceland.
$6.6 billion in lost Iraq cash now accounted for, inspector says The Envoy (hat tip reader Aquifer). Hhhm, a story on CNBC on at least $40 billion being handled in a lax manner, and suddenly we are told everything is hunky dory.
Obama Backers Tied to Lobbies Raise Millions New York Times (hat tip Joe Costello). Quelle surprise! Obama lied!
House Passes the “Even Obama Supported” Non-Jobs Jobs Act Dave Dayen, FireDogLake
On Occupy Oakland and Policing in America Abigail Field. Money quote:
…. consider what a Marine said: “I was involved in a RIOT in Rutbah, Iraq 2004 and we did NOT treat the Iraqi citizens like they are treating the unarmed civilians in our OWN Country. No one was brutalized because our mission was to ‘WIN the hearts and minds.’ why should I expect anything less in my OWN Country.”
Occupying Struggle Street MacroBusiness (hat tip reader Aquifer)
Mayor Quan Left #OccupyOakland’s GA Rather Than Wait Turn to Speak. But Veterans Showed Up! [Video] Daily Kos (hat tip reader Deontos)
NYPD Union Warns of Lawsuits Against ‘Occupy’ Supporters Wall Street Journal. You cannot make this stuff up. The police union is threatening to sue any organization associated with OWS if cops are hurt.
The big questions raised by anti-capitalist protests Martin Wolf, Financial Times. More support for OWS.
It’s Time for Debt Forgiveness, American-Style William Greider, The Nation
Mr. Hoenig Goes to Washington Simon Johnson (hat tip reader Carol B)
Senators press Obama for swifter REO strategy Housing Wire (hat tip Lisa Epstein)
How Ed DeMarco finally cried fraud Moe Tkacik, Reuters
Rakoff queries Citi’s settlement with SEC Financial Times. I love Judge Rakoff. And one of his questions (I read the claim) was one we raised: what were the losses? The SEC only provided the low end of a range! He also, as before, wants individuals to be punished.
How gross and net CDS notionals really work Lisa Pollack, FT Alphaville (hat tip Richard Smith).
Antidote du jour: