Dear patient readers,
We are a little behind schedule today. We will have 5-10 more links up by 7:30 AM, as well as a post we’ve nearly completed, so e-mail readers should visit the site for the final version.
Vast hollow chamber within iconic Swiss mountain worries geologists PhysOrg (Robert M)
The Greatest Mass Extinction May Have Been the Doing of Microbes ScienceWorldReport (Ilargi)
History Unfolding Higher Education (Chuck L). Important
Carbon Delirium, The Last Stage of Fossil-Fuel Addiction and Its Hazardous Impact on American Foreign Policy Michael Klare, TomDispatch
The Absurdity of US Natural Gas Exports Our Finite World (bob)
Essay: The Real Competition to Virtual Currency Peter Eavis, New York Times. This is the sort of piece I wanted to write next on Bitcoin. Key issue: that Bitcoin promoters don’t care about the needs and preferences of real world customers. In other words, it doesn’t offer compelling advantages to users over the status quo.
Yuan mission accomplished for the PBOC? MacroBusiness
Tiger hunting on fiscal cliffs FT Alphaville. Argues anti-corruption drive is contractionary. I suppose that is why we are so much smarter here in the US and leave the crooks alone.
Euro-Zone Jobless Rate Stays High WSJ Economy
France’s New Prime Minister Faces Tricky Task WSJ MoneyBeat
Abbas Takes Defiant Step, and Mideast Talks Falter New York Times
BEIRUT: Lebanon moves to quell Syria spillover violence, sends army into Tripoli McClatchy DC (furzy mouse)
Why Did BRICS Back Russia on Crimea? The Diplomat (1 SK)
Gazprom uses gas to tighten noose on Ukraine Ambrose Evans-Pritchard, Telegraph
Russian threat to retaliate over JPMorgan block Financial Times
Ukraine’s Unelected Government Imposes IMF Austerity Ian Welsh (Carol B)
How Crimea Hurts Russia OilPrice
Big Brother is Watching You Watch
Colorado Town Considers Letting Residents Shoot at Drones Bloomberg (Carol B). An update.
Obamacare misses the target John Sunnunu, Boston Globe
Hobby Lobby invests in contraceptive, abortion drug manufacturers Daily Kos (Carol B)
Corporate Lobbyists Assail Tax Overhaul They Once Cheered New York Times. I never thought we’d get meaningful tax changes.
PG&E indicted on 12 charges in San Bruno blast case SFGate (Bill C)
The zombification of our neighborhoods – Florida communities top the top 10 list Bay (April Charney)
Clearstream Banking faces US criminal probe Financial Times. The criminal case the DoJ hinted at. Again, small fry, a subsidiary of Deutsche Bourse.
Rate rise pattern is different this time Financial Times
Former McDonald’s Store Managers Say They Withheld Wages Bloomberg (furzy mouse). And these workers barely make any money to begin with.
Citigroup CEO Named To “Key Administration Post” Simon Johnson (Michael C). Today’s must read.
Antidote du jour (Tim F):