Dear readers, I’m really sorry re the lack of my own posts today. I have a ton of competing demands over the next two weeks (some of which are site admin related). Things should get better later this week.
Oil’s Growing Thirst for Water Wall Street Journal. Potable water is our most limited resource.
Senator Uses FCC Nomination Process To Question National Wireless Network Slashdot (hat tip reader bob)
No, It’s Not The Welfare State Paul Krugman
Italy wins the Oscar MacroBusiness
Fed may give loans to IMF to help euro zone: paper Reuters (hat tip reader anon48)
What Can Save the Euro? Joseph Stiglitz, Project Syndicate
Eurozone crisis: Britain’s companies prepare for life after the single currency Guardian (hat tip reader 1 SK)
China and Europe Credit Writedowns
How do we know that China is overinvesting? Michael Pettis. Late to this, which is still very much worth reading.
Western dreams and Egypt’s reality Gideon Rachman, Financial Times
Democrats Dare Not “Abandon” the White Working Class RealClearPolitics (hat tip reader Pat Caddell)
The Wonky Liberal David Brooks, New York Times (hat tip reader Scott). Funny how Brooks describes a center right winger but keeps insisting Obama is a liberal. Of course, if you just add the “neo” he’d be correct.
Civil Liberties Oversight Board Still Dormant Secrecy News (hat tip reader bob)
How Freedom Group Became the Big Shot New York Times (hat tip reader bob). Somehow missed this, but if Cerberus screws up the gun industry as much as it has the coated paper industry, this might be the best thing that ever happened in the way of gun control.
75 Years in Prison For Videotaping Police YouTube (hat tip reader 1 SK)
N.Y.C. Police Maligned Paradegoers on Facebook New York Times
UNC director says data supports Occupy Our Homes dismay Housing Wire (hat tip MBH)
Ron Paul Defends The 99 Percent: ‘It’s A Very Healthy Movement’ ThinkProgress (hat tip reader 1 SK)
Corzine Rebuffed Internal Warnings at MF Global Wall Street Journal
Former staff sue Corzine over MF collapse Financial Times
Johnston: Income Inequality Increases as Bank Regulation, Prosecutions Decrease Angry Bear (hat tip reader Psychohistorian). This is compelling. But could the causality still be the reverse, that as the rich get richer, they buy less constraints on themselves?
Antidote du jour: