Diversity programs give illusion of corporate fairness, psychologists find ScienceDaily (Chuck L)
Apple’s iMessage Encryption Too Tough for FBI Mac Observer (scraping_by)
The death of peak oil Jim Hamilton, Econbrowser
Japan declares open currency war MacroBusiness
Obama Avoids Trading Threats With North Korea’s Kim Bloomberg. This all seems to be a lead-up to a presumed new missile test on April 15.
China ‘losing patience’ with North Korea Telegraph
Putsch: Iceland‘s crowd-sourced constitution killed by parliament VerfassungsBlog (Deontos)
HBOS: former bosses should be banned from financial sector, says commission Telegraph. See here for context: The Worst Bank in the World? HBOS’s Calamitous Seven Year Life Ian Fraser (Richard Smith)
‘An accident waiting to happen’: The failure of HBOS Parliamentary Commission on Banking Standards
What makes the French so unhappy? Financial Times. This is not hard! Happy people are not discerning.
ACLU Report Exposes Debtors’ Prison Practices in Ohio ACLU (Deontos)
New York fast-food staff go on strike Guardian
Abolish the 401(k) Salon
Divorced, Never Separated New York Magazine (Deontos). If you want the prurient background on the Steve Cohen divorce case….
Unfit To Report Mark Ames, NSFW. On Planet Money’s disgracefully inaccurate piece on Social Security disability.
Repercussions from Rakoff ruling in Dexia MBS case vs JPMorgan? Alison Frankel (Deontos)
Treasury Needs a Tough No. 2 Simon Johnson, New York Times
MF Global report blames Corzine Financial Times. I’m only about half way through the report, but it appears to have completely missed the significance of the actual funding mismatch in the repo to maturity trade. And the media accounts, although predictably breathless, don’t contain anything that has not been previously published. You’ll be hearing from me on Monday.
Antidote du jour: