Girls are no worse than boys at maths Daily Mail (hat tip reader May S). The headline overstates the findings, but this is a blow to the Larry Summers thesis.
Don’t make Amazon a monopoly John Gapper, Financial Times
Germany’s Hidden Risk BusinessWeek
France is next MacroBusiness
China’s epic hangover begins Ambrose Evans-Pritchard, Telegraph
China set to tax US-made car imports Financial Times
Phoenicians Return to Europe With Temple of Baal Global Economic Intersection
Demo-dummies informingthe99percent. OMG, the doctored photos says it all.
Exploiting the anti-Semitism smear now backfiring Glenn Greenwald. Wow, what a catfight.
US Drones Keep Falling Out of the Sky David Dayen, Firedoglake
Child homelessness up 33% in 3 years USA Today (hat tip reader May S)
Economists Push for a Broader Range of Viewpoints in Their Field The Chronicle. Good luck.
What If Lehman Happened Today? Michael Hirsh and Stacy Kaper, National Journal
Too Big to Stop: Why Big Banks Keep Getting Away With Breaking the Law James Kwak, Atlantic
MF Global a concern of NY Fed since 2009 Financial Times
MF Global’s Risk Officer Said to Lack Authority New York Times. So get this: the former risk manager was mucho worried about repo to maturity and insisted on talking to the board about it. The board approved it based on a forceful pitch by Corzine and the CRO leaves not long later. The new CRO has much more limited authority than his predecessor. This fact pattern is not looking good for Corzine.
Antidote du jour. By popular request, the baby seal that went visiting in New Zealand: