Dear patient readers,
Our new webhost did some site tuning, so you should see better or at least no worse performance than before (I’m seeing much snappier loading on my slow copper connection). We will (LATER) be working with our ad service to improve performance on that end.
Tornado Survivor, 5, Killed By Family Friend’s Dog Huffington Post :-(
NGOs Target Financial Investment in Farmland Triple Crisis
Julia Gillard’s ‘small breasts’ served up on Liberal party dinner menu Guardian. Yowza, this has to set some sort of record in tackiness.
Chinese property sales slowing MacroBusiness
Germany’s brother gladiators battle over euro destiny in constitutional court Ambrose Evans-Pritchard, Telegraph
Chase Madar, Bradley Manning vs. SEAL Team 6 Tom Engelhardt
Big Brother is Watching You Watch:
Surveillance: Snowden Doesn’t Rise to Traitor New York Times. Editorial. Interesting tension developing between NYT news coverage and the editorial page. Also may have been provoked by the horrorshow from David Brooks yesterday. In case you missed THAT, see next two links.
Bigfoot no like Edward Snowden Michael Smith (Carol B)
David Brooks: The Last Stalinist Corey Robin (Charles LeSeau)
N.S.A. Disclosures Put Awkward Light on Previous Denials New York Times. Hahaha.
Surveillance scandal signals a creeping police state Bangkok Post
Here’s the ACLU’s Lawsuit on NSA Surveillance Mother Jones
Where’s the outrage over private snooping? Cathy O’Neil
Grandmother says she watched officer shoot girl, 7 Associated Press (Lambert). Eeek
Daley forms committee to explore run for governor Associated Press
Health Care’s Overlooked Cost Factor New York Times
JPMorgan’s Dimon Says There Was No Lying, Hiding on Whale Bloomberg. The fact that Dimon would try a howler like this in the wake of the Senate hearing is more proof of his complete disconnect with reality. At least Steve Jobs had a reality distortion sphere that worked on third parties. Someone needs to clue Dimon in that he not even remotely in the same league.
Bullard Holds His Ground Tim Duy. Bullard sees the low/falling inflation rate as a sign it’s too early to dial back QE. By contrast, his colleagues at the Fed seem to think that the job numbers are improving enough to start thinking re exit (we’ve noted they are going through some hoops to reach that conclusion, as in backing “fiscal drag” or the effect of the sequester, out. Huh?). This is a form of confirmation bias. The Fed also suffered from that in the runup to the crisis, in that they refused to consider data that suggested their policies weren’t producing the desired effects.
The overstated inflation danger Martin Wolf, Financial Times
Massive real wage cuts will not improve growth prospects Bill Mitchell
Tire Rentals Bob Lawless, Credit Slips
Antidote du jour: