I flew back on the 4th. No holiday. I had a 48 hour deadline dumped on me on July 2 :-( Hope you did better.
Scientists bask in ‘god particle’ discovery Financial Times (John B)
Cisco’s cloud vision: Mandatory, monetized, ExtremeTech (Carol B)
Spain’s Banking Crisis Moves Into the Courtroom New York Times
Support signalled for Arafat exhumation Financial Times
Diamond: I Am a Victim Global Economic Intersection
Ready, Fire, Aim Epicurean Dealmaker (Glen H). Close but no cigar. He is correct that most commentators have missed that banks would simply build an extra spread into loans priced off Libor to make up for Libor being artificially low. But that means when Libor became less suppressed, those borrowers would be paying an extra rich interest rate.
Diamond’s Exit Shows Libor Only What Each Bank Says It Is BusinessWeek (furzy mouse)
The LIBOR scandal will expose more naked bankers MacroBusiness
Useless Hearings on Bank Fraud masaccio Firedoglake (Carol B)
Enough is enough of the age of consumption Robert and Edward Skidelsky, Financial Times
South Florida lifeguard fired after saving man News4jax (Valissa). Only in America. I hope someone gives this guy a much better job, although he seems to be a damned fine lifeguard. Or maybe someone can get the company fired.
BREAKING NEWS! 75% PRINCIPAL REDUCTIONS ON HOME LOANS! STOP FORECLOSURE! ASK ME HOW! Matt Weidner (April Charney)
UPDATE 4-JPMorgan probed over possible power market manipulation Reuters (Mrs. G). Seamy stuff in here. Blythe Masters is a player in this. At least as interesting, JPM trying to claim attorney-client privilege for strictly internal communications. That is really brazen.
Occupy Guitarmy Performs Willie Nile’s “One Guitar” in Bryant Park YouTube (martha r)
Can Americans Escape the Deception? Paul Craig Roberts (René)
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