- Bailed-out Anglo needs €5.7bn cash but EC eyes wind-down – Independent.ie
- Colts 35, Patriots 34 – Colts Pull Off Improbable Win as Patriots’ Gamble Backfires – NYTimes.com
- Paul Krugman – World Out of Balance – NYTimes.com
- Pay limits hamper BofA chief search: report
- Inflationary armageddon? Not yet, but come 2011 it’s another story – Roger Bootle
- FT.com – Gold output set for decline in long term
- China Lambastes Dollar “Carry Trade,” Diverting Attention from Its Currency Manipulation – Yves Smith
- Pay People to Work Shorter Hours – Dean Baker (If you give business tax credits to have people work shorter hours, eventually productivity gains hit a wall and new employees must be hired. This is a stop-gap)
- PBGC Is Not Only Underwater, It’s Drowning — John Lounsbury
- Diane Chu: China – The Sleeping Lion Awakened
- Interfluidity :: Discretion and financial regulation
- How the tax code encourages debt : James Surowiecki – The New Yorker
- FT Alphaville – The not-so-small small bank CRE problem
Distraction of the Day: Would you buy a battery-pack heated jacket?