Rat may have caused Fukushima blackout, say officials Guardian. Yet another Richard Smith anti-antidote
Penis-Snatching Panics Resurface in Africa LiveScience (Valissa)
The gel that stops bleeding instantly BoingBoing (Howard Beale IV)
Live coverage: Labor leadership crisis ABC (Ed Harrison)
Record Corporate Insolvencies in Australia Michael Shedlock (furzy mouse)
Budget 2013: Osborne ’employs his sneer technique to good effect’ Telegraph (charles s). That’s one of the things you get from a proper Oxbridge education.
UK government launches huge mortgage subsidies MacroBusiness
Will The Real Clowns Please Stand Up? Testosterone Pit
Bank industry chief warns Cypriot banks must reopen in days Reuters. Someone might clue the Troika in.
A Cypriot game of chicken FT Alphaville
Europe Plays I-Didn’t-Do-It Blame Game on Cyprus Bank Tax Bloomberg and The Cyprus bailout blame game begins Financial Times. This had actually started over the weekend.
Cyprus Parliament’s gift to the Eurozone Yanis Varoufakis
Cyprus bail-out: live Telegraph Financial Times
Why We Won’t Learn From Iraq Atlantic (May S)
Democrat mocks John Boehner for ‘epiphany’ about debt ‘charade’ Raw Story (furzy mouse)
Big-Project Binge Fueled Motor City’s Meltdown Bloomberg (May S)
More on the London Whale Loophole bills:
Is JPMorgan a farmer? Dave Dayen, Salon
Mortgage applications slide 7.1% Housing Wire
LO Compensation Based on Product Type? Warehouse Banks to Approve Comp Plans? More Views on Gfee Changes Mortgage News Daily. Get a load of this (emphasis theirs):
My informal information shows pipelines down 20-30% versus six months ago, even though everyone seems incredibly busy dealing with fewer loans. And we’ll see margins compress, compensation decline, and companies tighten their belts or else. The MBA’s application numbers this morning confirmed the continued slide, with apps dropping over 7% last week. Refi’s fell 8%, purchases were down 4%.
FedEx cuts forecasts and Asia capacity Financial Times. The market’s failure to react is surprising. Fedex is seen as an indicator of the economy, and it’s revenues fell even after a 5% price increase.
Direct Deposit and Social Security: Not so Nice for Those who Owe: Part II Nathalie Martin, Credit Slips
Antidote du jour: