By the time you read this, I’ll be
on a plane there. So here’s something for your reading pleasure. Happy Holidays, I’ll try to check in from time to time.
• The entire Egyptian cabinet offered to resign, as protests against military rule continue. Juan Cole has a good summation. We could see Mohammed ElBaradei appointed Prime Minister in a government of national unity.
• Initially the claim was that $600 million in depositor money had gone missing from MF Global. Now it’s up to $1.2 billion. And rising, I assume. Brad DeLong has the official statement from MF Global.
• Republicans are promoting Simpson-Bowles now? Do they know anything about it? It has even more tax increases than what Obama proposed!
• Spencer Ackerman on Leon Panetta’s long war against reverting the defense budget back to 2007 levels.
• Mitt Romney’s first ad of the Presidential election takes Barack Obama egregiously out of context.
• Germany continues to resist the only efforts that would prevent a collapse of the Eurozone. This time they don’t want the tighter fiscal integration that would come with Eurobonds.
• Pennsylvania gives up on its scheme to subvert the Electoral College. They ought to just throw in with the National Popular Vote.
• Joe Nocera is pretty good today on the FDA’s nixing of Avastin.
• The Administration is using its power under the Affordable Care Act to encourage a health insurer to reconsider a rate hike. Under the law they can’t unilaterally block it, which is a flaw of the law. But shaming has actually worked in the past.
• The parties appear to agree on cutting farm payments, but that was left at the wayside of an abandoned Super Committee deal. Will it get put into a farm bill now?
• The New Yorker profiles Kalle Lasn and Micah White of Adbusters, and their role in generating Occupy Wall Street.
• And my Silvio Berlusconi obsession just goes and goes. Thankfully, he only wrote the love songs.