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Quantum black hole study opens bridge to another universe Gizmag (furzy mouse)
When scientists attack Columbia Journalism Review
New Terminator-style ‘bots can self-assemble, leap, climb and SWARM The Register (furzy mouse)
Mystery drone collides with Sydney Harbour Bridge Sydney Morning Herald (Chuck L). The Sydney Harbor bridge???
TPP pact requires regulated financing Bangkok Post (furzy mouse). Thailand also does not like the idea of deregulating finance further.
Tepco’s Claim Radiation Leaks Confined to Coast Called ‘Silly’ Bloomberg (Lambert)
World Bank cuts China, East Asia growth forecasts Reuters (furzy mouse)
A taxing issue for Norway’s sex workers Independent (Chuck L)
Syria: False NYT Claim May Serve U.S. Policy Change Moon of Alabama
Obama’s Rendition Operation in Libya: It’s Like President George W. Bush Got a Fourth Term Kevin Gosztola, Firedoglake
Selective Disclosure About Targeted Killing Just Security
The Deficit Scolds Include the President Dan Kervick
Pentagon Outmaneuvering Shutdown For Now DSWright, Firedoglake
Crooks, Liars, Idiots, and Plutocrats Triple Crisis
The “Debt Ceiling” Smokescreen Counterpunch (Carol B)
What John Boehner Is Saying In Private May Be More Ominous Than The Public Comments Clusterstock. This is consistent with one of my threads yesterday, that Boehner may well think he can get Obama to blink, that Obama would simply not default and will have to capitulate. And Obama insisted again he won’t use the 14th Amendment, which is the cleanest way for him to blow off the default if the Republicans won’t deal.
Capitol Hill: ‘Looking for an exit’ BBC (Lambert)
Debt Limit Taking Center Stage in Impasse Wall Street Journal
The House GOP has nothing to show for its government shutdown Washington Post
Supreme Owner Made a Billionaire Feeding U.S. War Machine Bloomberg (Lambert)
Big Brother is Watching You Watch:
Health Exchange Delays Tied to Software Crash in Early Rush New York Times. The finger-pointing has begun.
Obamacare: I Have the Dish Ted Rall (Lambert). OMG, if there is only one link you read today, it needs to be this one. Get a load of some of the key bits:
All the plans offered by New York State do not allow you to go “out of network” for healthcare…Then there’s the rates: not low. Not affordable. Not, as Obama said, comparable to your cellphone bill.
Now New York may prove to be an outlier because it has a state insurance regulator with some balls and allows for external appeal, which is a huge cudgel over one of the big ways insurers deny care, to say that a treatment isn’t appropriate or necessary, or hit the patient with surcharges because the doctor’s bill is deemed to be in excess of “ordinary and customary” charges.
For feds, there is more at stake in Tsarnaev case than just losing Boston Globe (Chuck L)
U.S. Consumers Falling Behind on Bills after Years of Improvement WSJ Real Time Economics. Richard Koo detected shrinkage in financial assets held by households a quarter or so ago and thus did not see consumer relevering as a sign of strength. And a lot of this “improvement” has been involuntary, as in foreclosures.
Made damn sure that Pilate washed his hands Balloon Juice. On Scalia
IMF warns Fed on effects of tapering Telegraph
All Of The Confusion Over Tapering QE May Have Been Because The Fed Was Looking At Inaccurate Jobs Data Clusterstock. The Fed needs to read econoblogs. NC was hardly alone in discussing that the “economy is recovering” look to the data in the first quarter for the last three years was based on seasonal adjustments that looked out of line in the new normal
Spain Is Expected to Extradite Ex-Trader in JP Morgan Case New York Times. Ooh, this is gonna be FUN! Remember, this is a criminal case and Martin-Artajo was senior (senior enough to make a run at taking over Ina Drew’s job when she was absent for protracted periods due to health problems). He could spill the good on Dimon. The question be whether the DoJ has the sophistication and guts to use them. As we said, we doubt they’d indict Dimon even if Martin-Artajo had damming info, but they could force a resignation or accelerated succession.
Fashion’s True Leading Economic Indicator Lee Sheppard, Forbes
Money is not true wealth (Part IV: The United States) Glenn Stehle, New Economic Perspectives
Antidote du jour. Reader Ann’s cat Emmett (yes, that is a mouse toy, not the real thing):