Dear readers, I have to make an unexpected trip this week which will wreak havoc with my schedule. You will likely get more cross posts and thinner Links. I hope you’ll bear with me.
India sues Monsanto for biopiracy Food Freedom (hat tip reader Aquifer)
Texas cattle industry withered by drought Financial Times
European Stocks Plunge Wall Street Journal. Is this going to be one of those “I love the smell of naplam in the morning” days?
Blue Shield of California Won’t Cover Breast Cancer Drug New York Times. The aggressive marketing of drugs with questionable efficacy to populations desperate for hope was always going to lead to ugly outcomes.
US Congress presses China on currency Financial Times
Holding China to Account Paul Krugman, New York Times. Erm, as much as China has been gaming the Bretton Woods II system for a while (and we tolerated it for too long), we need a more integrated approach, in particular ending tax and other incentives for Big Corps to offshore and outsource.
China’s manufacturers miss their Xmas bounce MacroBusiness
Greek cabinet approves budget cuts Financial Times
Why a reworked Greek deal will happen John Dizard, Financial Times
How the American Taxpayer Got Plucked in Iraq Peter Van Buren, TomDispatch
Why business despairs of Obama Mort Zuckerman, Financial Times. These guys live in a parallel universe.
Others Go, but Buffett Stays on Side of President New York Times
A Supreme Court Ruling Against the Mandate Unlikely to Be a Political Win for Obama Jon Walker, FireDogLake
Wait. Rick Perry’s Hunting Camp Was Called What? Atlantic, via Yahoo (hat tip reader Thomas R)
Ghosts Could Be Lurking in Banking Machines Wall Street Journal
Still Growing Michael Panzner
Lenders Put the Lies in Liar’s Loans and Bear the Principal Moral Culpability Bill Black, New Economic Perspectives
Grandmother nearly loses condo to foreclosure after $4.70 fee balloons to nearly $3,000 FloridaToday (hat tip Lisa Epstein)
Foreclosures Are Killing Us New York Times
An echo Steve Waldman
Antidote du jour: