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The Moustache of Understanding is flat...

.... broke. Suck on that, Tom.

Assuming weasels can suck.

NOTE For those not immersed in the minutiae of our media overlords, General Growth -- love the name! -- was the source of Izvestia pundit Tom Friedman's family fortune. Who would have predicted that shopping mall real estate would ever go tits up?

UPDATE LOLfed, as ever, has the snappiest take: Read below the fold...

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I thought I knew how to do snark

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Sometimes symbolism is good!

From McClatchy's African blog, Obamarama. Read below the fold...

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Electrical grid in Iraq not reliable. Still.

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If Texas secedes, will Governor Perry be able to take his hair with him?

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I give up...

I'm reading this Reuters story on how the administration's going to (partially) disclose (or not) (some of) the (undescribed) stress tests (with booklet!) and...

Normally, I can take a good stab at decoding the narrative, but with the continuing saga of stress test disclosure? I can't tell if it's kabuki, farcical meta-kabuki, manipulation, incompetence, malice afore- or afterthought, high-minded steadiness in the face of overwhelming odds, gaming, 11 dimensional chess, night baseball, just politics, just business, or what. Or puffery by the more politically wired banksters -- talkin bout you, Goldman Sachs -- to drive out the weak ones. Tom Stoppard? Three Stooges? Franz Kafka? You decide! Read below the fold...

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Single payer storms the Times Letters section

Go read. Then write your local paper.

NOTE Hat tip, alert reader zuzu. Read below the fold...

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Will the next bubble be narratives?

Green shoots! Now, if only we could collateralize them....

NOTE Although Krugman links to three narratives proffered by DeLong, DeLong actually has a fourth!

UPDATE But see this abstract from HBR: Read below the fold...

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Can somebody please parse this statement on the bailout?

Robert Gibbs throws down with the ghost of Ari Fleischer:

"Early in May, you will see in a systematic and coordinated way the transparency of determining and showing to all involved some of the results of these stress tests," White House spokesman Robert Gibbs said.

Read below the fold...
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Light posting from me today!

April 15, right? I'm way too poor to owe anything, but file I must! Read below the fold...

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Pre-emptively dissing the Spanish on torture extradition requests

[UPDATE As it turns out, Ari Gibbs dissed Helen Thomas on torture, too, at the same presser. That'll show 'em. -- lambert]

David Corn points out that there's funny ha ha, and then there's just funny: Read below the fold...

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The royal succession issue in Thailand

Reuters:

One unifying figure is King Bhumibol Adulyadej, widely respected by Thais whatever their political affiliation.

But while the king is revered, the role of the monarchy in Thai politics is a deeply divisive issue at the heart of the crisis. Royalists in the yellow camp support an interventionist monarchy, while many of Thaksin's supporters resent the power of unelected Thai elites.

Read below the fold...
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More union busting at Big Auto

Reuters:

Fiat SpA's chief executive, facing a two-week deadline to work out a partnership with Chrysler LLC, warned the troubled U.S. carmaker's unions he would ditch the idea unless they agreed to cut labor costs.

In a clear message to U.S. and Canadian unions, Sergio Marchionne told Wednesday's Globe and Mail newspaper a deal on the partnership had only a 50-50 chance of succeeding because of lack of progress in talks with union leaders.

Read below the fold...
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Derivatives owners are anonymous: "Ignorance on a cosmic scale"

Willem Buiter has an article I'm just not equipped to summarize on Useless finance, harmful finance, and useful finance, but I thought this fact was interesting. After comparing derivatives to lotteries (see here), Buiter writes:

Read below the fold...

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