Thanks again for the great response to our fundraiser!
I have a dentist appointment early in the AM, so you’ll be getting more posts from me later.
Eating Turkey Is More Wasteful Than Eating Chicken Clusterstock
Evidence of a ‘Mid-Life Crisis’ in Great Apes Science Daily (Chuck L)
Embattled childhoods may be the real trauma for soldiers with PTSD Science Daily (Chuck L)
Bionic Mannequins Spy on Shoppers to Boost Luxury Sales Bloomberg. Ugh.
KIDS’ DREAMS STIFLED BY BULLYING Anti-Bullying Alliance
America’s Power Grid Vulnerable to Terrorist Attacks OilPrice. A bit weird that this is a news item now. This was every bit as true in 2001
Europe has a bad night MacroBusiness
Obama Administration’s Complicity in Permitting Israel to Escalate Its Bombing of Gaza
Kevin Gosztola Firedoglake
Elites Will Make Gazans of Us All Truthdig
Catfood watch: Democrats want to go over the fiscal cliff first, bargain later Associated Press (Robert N)
Big Banks vs. Elizabeth Warren: It’s On (Again!) Mother Jones (martha r). Her value will be very much undermined if she is not on the Banking Committee.
Superstorm Sandy: interactive before and after images ABC (Lawrence R). Amazing, in a bad way.
Felons, drug dealers run halfway houses for addicts Tampa Bay Times (Lambert)
Cops say RI man killed himself after foreclosure Associated Press (Lisa Epstein)
Credit Suisse faces NY lawsuit Financial Times. Suit to be filed this week, covers $11 billion of mortgage backed securities.
Private Equity and Hostess Stumbling Together Andrew Ross Sorkin, New York Times. Mirabile dictu! Sorkin says Ripplewood screwed up! Of course, he doesn’t say how levered the deal was (the more leverage, the more likely failure is) nor exactly how many millions in fees Ripplewood pulled out. Nor does he mention how much worker pay has fallen (see Kos story below for that). But for Sorkin, this is a pretty major concession.
Inside the Hostess Bankery Daily Kos
US ‘dark pool’ trades up 50% Financial Times
Exchanges Get A Closer Inspection Wall Street Journal. Finally…
More QE could distort rather than deliver Financial Times
Antidote du jour (furzy mouse):