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The top of today's reading list has Simon Johnson describing tall tales told by big banks........ and the last article is about a justice system than measures success by counting convictions rather than by achieving justice.
- Big Banks’ Tall Tales (Simon Johnson, Project Syndicate)
- What If We Never Run Out of Oil? (Charles C. Mann, The Atlantic) What if oil is displaced by gas and other energy sources? The next wave could be methane hydrate.
- European Leaders’ Softening on Austerity May Accelerate (Patrick Donahue, Bloomberg)
- Insight: Why did Cypriot banks keep buying Greek bonds? (Michele Kambas, Stephen Grey and Stelios Orphanides, Reuters) Hat tips to Roger Erickson and Pedro de Costa.
- The studies behind austerity are weak. The study behind ‘uncertainty’ is worse. (Ezra Klein, Wonkblog, The Washington Post) Discussion of a classic case of information devoid of context.
- Researchers design nanometer-scale material that can speed up, squeeze light (Andrew Careaga, Missouri S&T News & Events) Apparently the speed of light can approach infinity on an atomic scale.
- Billionaires Flee Havens as Trillions Pursued Offshore (David de Jong and Robert LaFranco, Bloomberg)
- 30/4/2013: The latest from the island nuked by the Troika 'rescuers' (Constantin Gurdgiev, true economics) Constantin Gurdgiev is a Global Economic Intersection contributor. This is a story of the continued conscription of debt slaves.
- Faced With Discredited Research, WSJ Doubles Down On Calls For Austerity (Albert Kleine, MediaMatters)
- House Panel Hears Testimony on "Michael Morton Act" (Brandi Grissom, The Texas Tribune) Hat tip to Pro Publica. When is the "justice system" mostly about convictions and little about justice?