(as Bareback Andy wrote in his deservedly famous Atlantic article, a gift that just will not stop giving).
Just go read Juan Cole on Bill Moyers:
JUAN COLE: The Pakistani military is a tank, you know, traditional, almost central European kind of military. It was formed to fight India and most of the tanks and the troops are down on the border between India and Pakistan. And they're not trained to do counterinsurgency or counterterrorism.Read below the fold...
Banks Aiming to Play Both Sides of Coin -- Wall Street Journal. A more accurate title would be "Banks Shamelessly Ask Permission to Game PPIP in the Open." After all, if they did it through friendly intermediaries, it just reduces the subsidy to the banks, which was the whole point of the exercise, right?
Bingo. And as Krugman has argued from the beginning. Read below the fold...
With the money I've got left over from cancelling my health insurance! AFP:
US Energy Secretary Steven Chu said Tuesday the Obama administration wanted to paint roofs an energy-reflecting white, as he took part in a climate change symposium in London.
The Nobel laureate in physics called for a "new revolution" in energy generation to cut greenhouse gas emissions.Read below the fold...
[Greenwald praises the Sotomayor pick as "superb." And it's nice to put it to the Villagers who ran the smear campaign against her. It would be even nicer if her views on executive power were not "unknown," as Greenwald says they are (and how, then, "superb"?) -- lambert]
I need to post much more extensively on this, but what Ritholtz's post makes clear to me -- and should make clear to anyone who is paying attention -- is the vapidity and triviality of all coverage of politics that is not, at the same time, coverage of political economy. Read below the fold...
So I don't have to. I skipped to the end:
He must create a national health care system that fundamentally changes the contours of debate in this country by moving it far to the left.
Yes, and taking single payer off the table is certainly the way to do that!
"I see the better way and approve it, but I follow the worse way."
Those Brits with their Latin tags! (I'm old enough to remember when reading the Guardian (and Atrios) was the only way to get news on Iraq. And now I read the FT (and Yves) to get news on finance. Plus ça "change," plus c'est la même chose...) Here's a good deal of Willem Buiter's column today, in what Yves labels a "must read": Read below the fold...