Hammock reads.

Jon Stewart: "Fox News is like a lying dynasty." (Toronto Star)

 
James Verone of North Carolina at the Gaston county jail. (Gaston Gazette)

U.S. man stages $1 bank robbery to get state-prison healthcare. (Guardian)

What ails psychiatry. (Marcia Angell, New York Review of Books)

Profile of Michele Bachmann: The Minnesotan's holy war. (Matt Taibbi, Rolling Stone)  

 

China's swift trains, Beijing's answer to Ike's Interstate megaproject. (NYT)

How Rupert Murdoch wrecked social-networking pioneer MySpace. (Bloomberg BusinessWeek)

What Inside Job got wrong. (Ezra Klein, WaPo)

It was an excellent documentary for people who don’t want to understand the financial crisis but want to believe they would’ve seen it coming. Watching it, you’d think that the only people who missed the meltdown were corrupt fools, and the way to spot the next one is to have fewer corrupt fools. But that’s not true. Worse, it’s dangerously untrue. In telling the wrong story about how the financial crisis happened, it misinforms about how to keep it from happening again.

The law school bubble. (The Best Colleges) (infographic)

Looking for job-creation projects? Bike lanes! (Felix Salmon, Reuters)

 
Why the economic busts keep getting bigger. (Paul Krugman and Robin Wells, New York Review of Books)

 

Comments

[Darwin O'Connor]

Re: How Rupert Murdoch wrecked social-networking pioneer MySpace.

You can see the beginnings of the same things going wrong at Facebook. The increase in advertising, being distracted responding to the privacy concerned and, most recently, the drop in usage.