Apologies for the lack of original posts today. I’ve been exhausted all week and my concentration has been lousy. It seems as if I’m somehow channeling the collective NYC heat fatigue even though I’ve been staying inside as much as possible.
MIT Moves to Intervene in Release of Aaron Swartz’s Secret Service File Wired (bob). If you are an MIT alum, please write or call and give the alumni office a very large piece of your mind.
Neuroscience: Solving the brain Nature. Lambert: “What could go wrong?”
Mom Seeks Experienced Girl to Take Harvard-Bound Son’s Virginity Gawker. I can see lots of therapy in this young man’s future.
The European Central Bank Is a Much Bigger Problem for Italy’s Young Than the Elderly Dean Baker, Firedoglake
Water companies raise shortage fears over shale gas fracking Telegraph. Notice the silence from presumably bought-and-paid for municipalities here.
Convicted ex-CIA chief arrested in Panama Aljazeera (charles serano). Oh, this is gonna be fun!
Big Brother is Watching You Watch:
We don’t owe anyone an apology, says US consul over Edward Snowden affair South China Morning Post (Deontos). Being a superpower means never having to say you are sorry.
Snowden’s Dead Man’s Switch Bruce Schneier (Steve L)
N.J. Supreme Court Restricts Searches of Phone Data New York Times
Who is FBI director-nominee James Comey? A Rorschach Test for the left Gaius Publius, AmericaBlog
A life wasted for cheap self-defence Financial Times
Detroit, Detroit It’s a Helluva Town… Adam Levitin, Credit Slips
What’s So Scary About Rolling Stone’s Boston Bomber Dzokhar Tsarnaev Cover? Alternet. I am mystified by the reaction. Do you want accuracy or cartoons? So Dzokhar’s image might strike some people as cute. Are we so victims of halo effect that showing someone who is presumed guilty of horrid crimes was not bad looking is verboten? Or is the concern that we’ll start looking at all those smiling pretty financial services and drug company sales/spokespeople more warily?
It’s Time for Americans to Admit That We’ve Had a Coup d’etat Paul Craig Roberts, Alternet
‘Financial hurricane’ hits Chicago’s bond rating Chicago Sun Times (Joe C). Wonder if Rahm, contrary to the practice of most city governments, fed Moody’s grim forecasts to get the big downgrade and strengthen his negotiating position.
Can the world cope with a trigger-happy Fed? Ambrose Evans-Pritchard, Telegraph
The Time Bernanke Got It Wrong Floyd Norris, New York Times
Flipping returns to the US housing market MacroBusiness. Keep in mind this data is for the first six month of the year, and hence does not reflect the impact of the recent mortgage rate rise.
Big Banks, Flooded in Profits, Fear Flurry of New Safeguards New York Times. Dirty secret: this is more kabuki. The Business Roundtable is pushing for higher capital, with the quid pro quo that everything else is left in place.
Nine big insurers face tighter regulation Financial Times
Antidote du jour (Vyacheslav Mishchenko):