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Bernanke: 25 mega-firms are systemically vital – MarketWatch
That’s a lot more than the biggest banks we hear about
Economist’s View: From 1983: Health Care Reform in Canada
Echoes of the debate today in the US
Eliot Spitzer: "The Federal Reserve Is A Ponzi Scheme" – Dealbreaker
Watch this video
Steven Gerrard cleared … – Guardian
Bill Maher: New Rule: Not Everything in America Has to Make a Profit
Hilarious whether you agree or not. I don’t agree 100% but I do like the part where he asks who the hell would want to own a prison.
Quantitative easing – Warren Mosler
QE is nonsense since central banks don’t control demand for credit.
Money printing, debt growth and deficits don’t create prosperity, says Marc Faber – News, analysis, reports
More interesting comments by Dr. Doom
Blogger Response to CNBC | The Big Picture
Hilarious mock-up. Nice one, Barry.
The man who is allergic to Wi-Fi – Independent.ie
Afterlife is among the 2% that have this. Are we affected too?
Emmanuel Adebayor blames Arsenal fans for his departure | Football | guardian.co.uk
You reap what you sow.
FINA bans record-setting bodysuits in swimming – Yahoo! Sports
Phelps will still be amazing though.
Japan sends U.S. letter on Buy American worries | Politics | Reuters
Japan doesn’t like Buy American either
China’s Beijing Auto says fails in bid for GM’s Opel | Reuters
Intellectual property going back to China was the issue
Brussels gives UK five years to fix RBS and Lloyds – Telegraph
This comes via the EU Competition Commissioner
Economist’s View: "All Stimulus Roads Lead to China"
Provocative piece, but unlikely to actually happen.
EconomPic: UK Economy Shrinks by Record Level
Very ugly numbers from the UK.
In Finance, What Once Was Global Now Is Local – NYTimes.com
wholesale retreat from global banking.
The Paradox Of Loyalty To Country
Provocative thoughts on social psychology and patriotism.
Is your cat left or right pawed? – New Scientist
Like humans, cats tend to prefer one paw over the other when tackling tricky tasks, find researchers
PJB: Has Obama’s Luck Run Out? ::: Patrick J. Buchanan
Good piece comparing Nixon in 69 to Obama in 09
Senate to miss healthcare August deadline | Politics | Reuters
You knew this was coming. Obama better hope the economy is better in the fall.
Michael Kinsley – In Henry Gates’s Arrest, Hard Realities and Human Nature – washingtonpost.com
This thing just won’t go away. Gates says: "It didn’t matter how I was dressed. It didn’t matter how I talked. It didn’t matter how I comported myself."
Palin’s Favorability Ratings Drop — Taegan Goddard’s Political Wire
Palin’s political ambitions are toast.
More Than Half Swedbank Mortgages in Latvia Exceed Collateral – Bloomberg.com
Not looking good. Hat tip Claus Vistesen
Charles Krauthammer – Why Obamacare Is Sinking – washingtonpost.com
I don’t usually like Krauthamer’s views, but he does make a few points.
Distraction of the Day: United breaks guitars