Today’s reading list:
• LIBOR: Key Credit Gauge Loses Clout (WSJ)
• The AAA bubble (FT) see also Making Rating Shops Look Good (NYT)
• Muni Default Plunge Belies Whitney as Borrowers Shun Insolvency (Bloomberg)
• California may join probe of Wall Street’s role in mortgage meltdown (LA Times)
• Tunku Varadarajan: News Corp’s Sham Investigation (Daily Beast) see also Survey: Fox News Covered News Corp Scandal Much Less Than Other Cable Nets (Talking Points Memo)
• Report on Securitisation Incentives (Bank for International Settlements)
• U.S. Debt Deal Hampered by Partisanship (Bloomberg) see also What Both Sides Are Missing In The Debt Ceiling Debate (Washington’s Blog)
• The happiness–income paradox revisited (PNAS)
• On Debt, Death, Taxes and Temperatures (NY Times)
• Can Google+ Sustain Growth Beyond Early Adopters? (Mashable)
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