By Nick Rizzo
October 26, 2011

Merkel raised the specter of European war, won a key EU rescue fund Bundestag vote — Telegraph

The big hole in the EU rescue plan: economic growth — BBC

“The Atlas of Economic Complexity” boils down to: know how to make things, stay relatively poor — WSJ Real Time Economics

Six things we’ve actually learned from three years of financial crisis — The New Yorker

“The Corporate Governance of Benedictine Abbeys” — JSTOR

The other shoe finally drops for Raj Gupta — DealBook

The SEC’s yardstick seems to be: “Who wrote the stupidest email?” — ProPublica

Ruth Madoff says she and Bernie attempted suicide — CBS News

BofA’s Moynihan: “You ought to think a little about that before you start yelling us.” Oh snap — Bloomberg

Elizabeth Warren says she “created much of the intellectual foundation” for Occupy Wall Street — The Daily Beast

And Gawker takes the high-road with a sketchy marketer looking to pay for Google-boosting links — Gawker

There are many more links (with amusing category tags) at

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The Warren remarks are being taken out of context, as part of the right’s attempt to paint Warren as some kind of dangerous radical who is both embracing a “dangerous” protest movement, and making overblown claims of her own importance. In reality, of course, she’s a moderate, thoughtful, methodical policy wonk. Furthermore, it is unambiguously true that in terms of academic research on income inequality, the work she did over the last couple of decades was groundbreaking. You can pretty much round up her, Bartels, Mishel, and the Piketty-Saez team, and have the top tier of people doing research on this topic. I suppose she could’ve phrased it a little less directly, but what she said is related to what’s been on the minds of a lot of progressive activists in relation to OWS — that this topic has been important for a long time, and there’ve been policies offered to deal with it that never got traction. “We’re thrilled you’re here; now could you maybe help us actually win some elections so we can enact policies that fix the problems you’re pointing out?” (And, muttered under the breath, “Where the hell were you guys in ’10, or ’04 and ’00 for that matter?” But, oh well, it’s never too late to get engaged. Or at least, not until the GOP imposes a new poll tax, to ensure that the riff-raff don’t mess up their libertarian utopia.)

Here’s the context for the quote, courtesy of Dave Weigel at Slate, who got it from the interviewer, Sam Jacobs:

JACOBS: I’m curious: Is there something that is keeping you away from this movement? Is there a reason why you haven’t embraced it?

WARREN: Look, everybody has to follow the law. That’s the starting point. I’ve been fighting this fight for years and years now. As I see it, this is about two central points: one, this is about the lack of accountability. That Wall Street has not been held accountable for how they broke the economy. The second is a values question, a fundamental fairness around the way that markets have been distorted and families have been hurt. I’m still fighting that fight. I’m just fighting it from this angle. I’m fighting it from … I want to fight it from the floor of the United States Senate. I think that is a place to make this difference.

JACOBS: Is showing solidarity with them going to get in the way of that?

WARREN: It’s not a question of solidarity. I just don’t think that’s the right way to say it. I support what they do. I want to say this in a way that doesn’t sound puffy. I created much of the intellectual foundation for what they do. That’s the right thing. There has to be multiple ways for people to get involved and take back our country. The fight that I’m fighting now is one that is directed towards the United State Senate. That’s just how I see it.

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