News from around the web: 2009-11-28

• Mark Pittman, Reporter Who Foresaw Subprime Crisis, Dies at 52 – Bloomberg.com (R.I.P.)
• Audit would hurt economic prospects: Bernanke | Reuters (I doubt many believe this)
• London Luxury Home Prices Increase for First Time in 17 Months – Bloomberg.com
• Pimco: Dubai triggers overdue correction | Reuters
• German banks tipped to write off €90bn as the economy recovers – Independent.ie
• Rise in US consumer spending signals strengthening recovery – Independent.ie
• 5 Must Have Google Chrome Extensions
• 61 Free Apps We’re Most Thankful For – Lifehacker
• Paul Kasriel: While pundits play “gotcha”, the unemployment situation improves
• The Forgotten Depression of 1920 – Thomas E. Woods, Jr. – Mises Institute (Many point to this as the Libertarian depression ideal. It did go well in the U.S., but in Germany it led to the failed Hitler Putsch and in Italy to the rise of Benito Mussolini and fascism. The risks should not be underestimated.)
• How Big Is Too Big? – Peter Boone and Simon Johnson
• BBC News – Vauxhall job cut plans unveiled (The Germans are taking all the pain here.)
• BBC News – Vodafone plans to shut its final salary pension scheme
• FT Alphaville – Perhaps Dubai’s problems are much bigger than assumed
• Top Ten Turkeys Standing in the Way of Financial Reform – Lynn Parramore (pretty funny.)
• James Pethokoukis – Dobbs, 2012 and the ghost of Perot

Distraction of the Day: Motorcycle chase in Atlanta – and no helmet

(video embedded above)