Felix Salmon

What the death of Steve Jobs says about America’s decline — The Economist

After Steve Jobs died, Time magazine re-did their issue in 3 hours — TIME Tumblr

The EU is planning to make a plan to recapitalize banks it declared sound in July – Reuters

“The most important piece of paper in US banking right now” — Alphaville

Even a truly massive EU rescue package might not do the trick — NYT Economix

The IMF could become a very large purchaser of European bonds — WSJ

Dexia is still causing trouble in the US municipal bond market — Alphaville

This cheat sheat for the new Volcker Rule draft is really handy — American Banker

One Florida lawmaker’s solution to unemployment: re-legalize dwarf tossing — BusinessWeek

Stiglitz argues that now is “no time for a trade war with China” — Project Syndicate

EU banks could need up to $266 billion — CNBC

How the EuroTARP could play out — FT Alphaville

Welcome to the end of the Fake Recovery — Credit Writedowns

Michael Lewis says that Wall Street’s fingerprints are all over the EU crisis (Video) — Reuters

Ben Bernanke “can’t blame” the Occupy Wall Street protesters — ThinkProgress

Morgan Stanley is fighting “anonymous blogs and market whispers” — DealBook

Facebook is now as big as the entire internet was in 2004 — Royal Pingdom

Microsoft may actually buy Yahoo this time — Reuters

“Bill Gross feels fat” — Dealbreaker

Joshua Brown is feeling extremely bearish, and he’s making some sense — The Reformed Broker

The EU hints that investors will take bigger losses in a second Greek rescue – Bloomberg

Wolfgang Schauble is talking real European fiscal integration — Crooked Timber

France and Belgium are bailing out Dexia. Again. — Reuters

Kenneth Rogoff argues against Europe’s proposed financial transactions tax — Project Syndicate

“Investors do not really have a clear idea of how healthy any of these banks truly are.” — The Big Picture

Citi’s having trouble unloading $300 million billion in assets — WSJ

House Majority Leader Eric Cantor says Obama’s jobs bill is basically dead — WSJ Washington Wire

And pension costs alone are reason enough for American Airlines to declare bankruptcy — Fortune

The S&P 500 declining for five consecutive months does not augur well for its near future –The Big Picture

The September ISM report says that the manufacturing sector is up slightly –ISM

Rick Perry used millions in taxpayer money to bring subprime lenders to Texas — AP

Koch Industries reportedly bribed international officials, did business with Iran — Bloomberg

Shell is accused of funding militant violence in Nigeria — Guardian

Sprint is about to “bet the company” on the iPhone, buying 30.5 million units — WSJ

Analysts expect Goldman Sachs to show  “compensation discipline” after a bad quarter — FT Alphaville

American Airlines shares are way down; here are its 25 largest investors — ZeroHedge

Citi CFO: Our gross derivative exposure to Europe is irrelevant — WSJ

Mike Konczal points out several reasons why some of America’s youth have taken to the streets — NewDeal2.0

ABC News and Yahoo will be sharing web content — NYT Media Decoder

Michael Lewis made $10 a word at Portfolio, probably about that much at Vanity Fair — New York

Memoirs of a markets reporter — CJR

And here is the strangest question ever asked on a workplace ethics quiz — Happy Place

ECRI says it’s a “done deal” that the US is going into a recession — WSJ Marketbeat

The CDS market views Morgan Stanley as being as risky as an Italian bank — Bloomberg

A guide to China CDS — FT Alphaville

Stephen Roach predicts a soft landing for China — Project Syndicate

Bank of America’s not the only one planning to charge for debit cards — Reuters

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Kodak shares fall 60% as its rumored to have hired restructuring lawyers — WSJ

Massive CEO severance packages are “rewarding failure” — NYT

S&P and Dow Jones are discussing merging their indices — FP (Reuters story)

And Michael Lewis rides bicycles around California with Arnold Schwarzenegger — Vanity Fair

Ron Suskind thinks that equity holders are secured creditors — Economics of Contempt

Bernanke said that long-term unemployment is a “national crisis” — AP

Can a weakened Volcker rule stop rogue traders? — Pro Publica

Europe extends the short-selling ban, crushing the dreams of some traders — FT Alphaville

Charles Kenny takes a hammer to the icon that is small business as job engine — Businessweek

And CalPERS admits that it probably won’t meet its 7.75% return goal this year — Bloomberg

The EU is proposing a $77 billion financial transaction (quasi-Tobin) tax — AP

The German Finance Minister think the U.S. rescue fund plan is “stupid” — Telegraph

Martin Feldstein on why Germany and France are trying to delay the inevitable Greek default — Project Syndicate

Health insurance premiums jumped 9% last year — Kaiser Family Foundation

What slowing productivity says about our economic growth — NY Fed

Junk bond returns have turned negative — IFR

The vultures are circling Paulson’s assets — WSJ

The CDS market: actually pretty important — FT Alphaville

The SEC is suing NIR’s Corey Ribotsky for allegedly bilking a chintzy $1 million from clients — Bloomberg

Zynga’s virtual farms and tractors are depreciating faster — WSJ

Does Peter Orszag really want less democracy? Daily, he grows more Hamiltonian — TNR

Case-Shiller: Last month’s home prices are down 4.1% year-over-year — S&P

Goldman’s $1.2 billion in cuts includes smaller drinking cups — Dealbook

SEC charges RBC with selling shoddy CDOs to Wisconsin schools — SEC

Zynga profits are down 95% — Gamepro

The Wall Street protesters have a striking diversity of complaints — NY Observer

Perhaps out of boredom, Google made some ridiculous bids for the Nortel patents — Reuters

Martin Wolf: Banks are over-promising, and will fail to deliver –  Blogs.ft.com

Treasuries due in 10 years or more have returned 28% this year — Bloomberg

China’s economy is still growing, but social unrest is way up — WSJ

Meanwhile, in the U.S., property crime has decreased in proportion to GDP losses — Economist

A booming North Dakota town has 3,000 unfilled jobs and parking spots that go for $1,200 — NPR

Dan Ariely says to be as vague as possible when hiring people — BusinessWeek

Alphaville has UBS’s Gruebel’s goodbye memo — FT Alphaville

Tumblr lands $85 million in new funding — NYT Bits

Netflix cuts a streaming deal with Dreamworks, but it doesn’t come cheap — NYT

Berkshire Hathaway is buying back shares, paying a premium of up to 110% — Bloomberg

And five banks account for 96% of the $250 trillion in outstanding derivative exposure — ZeroHedge

Gold and silver had a “historically awful” week — WSJ Marketbeat

Bank of America seeks to slice $800 million in pizza assets — Bloomberg

Fannie Mae’s own law firms were robo-signing, according to a new FHFA report — AP

Why monetary policy is almost helpless against consumer deleveraging — Macro Resilience

The Eurozone crisis is a systemic failure — Streetlightblog

Robert Shiller: The debt debate destroyed any exuberance the American consumer might have possessed — Reuters

Older workers who lose their jobs are twice as likely to become long-term unemployed — HuffPo

One day on a Chicago city payroll earns man a $158K pension — Chicago Tribune

AOL is now requiring some Patch editors to generate sales leads as well — Business Insider

And Jacob Weisberg just eviscerates Ron Suskind — Slate

Employment for those under 30 is at its lowest levels since World War II — AP

Jeremy Grantham won’t be hiring them for GMO. “This is no market for young men,” he says. — MarketWatch

Inside the mind of a rogue trader — QFinance

Goldman Sachs will probably report a third-quarter loss — Bloomberg

Kara Swisher called Meg Whitman as HP CEO hours early — AllThingsD

Apple iPhones have an 89% retention rate. No other hardware is above 39% — AppleInsider

Countrywide Financial actively worked to silence its whistleblowers — iWatchNews.org

And Mohammed El-Erian says it’s going to get much worse before it gets better — Bloomberg

UBS CEO Oswald Gruebel has apparently been asked to leave — FT Alphaville

Here’s a first look at BankSimple, a startup that promises to change the way we deal with money — BankSimple Blog

How a small college inherited a 1000-year trust that threatened to bankrupt the nation. A great read — Lapham’s Quarterly

Congressional GOP to Bernanke: You’ve done enough already — WSJ Real Time Economics

The Fed: No we haven’t. The Economist: “The hysteria over inflation has no obvious factual basis.” Take that, Volcker! — The Economist

Meg Whitman is reportedly being considered for the HP CEO position — AllThingsD

The White House has a “woman problem” — TIME Swampland

This guy was front-running Goldman Sachs from inside the firm, with a TD Ameritrade account — NPR Marketplace

Existing home sales are up 7.7% since the previous month, but prices remain flat or down — Reuters

And our new favorite Tumblr (besides Reuters Explains): Strange Bloomberg Headlines — Strange Bloomberg Headlines

Excerpts from Ron Suskind’s new book somewhat damn Obama’s economic team — Brad Delong

“Shame, fear, pride, dignity” – Greek suicide rates are up 40% — WSJ

Miami has been invaded by giant, house-eating snails — NPR

Perhaps raising taxes on the rich won’t harm unemployment — Center for American Progress

The IMF cuts growth projections for, well, everywhere — IMF

Slovenia’s government has fallen. This delays and jeopardizes the EU bailout — Businessweek

It’s bankers versus traders at Morgan Stanley — Bloomberg

The SEC’s former general counsel may face criminal charges related to Madoff — NYT

This Amazon.com warehouse is a 21st Century version of The Jungle — Allentown Morning Call

Citi mailed out more credit cards last quarter than there are people in America — WSJ

News International will pay $4.7 million to the family of the murdered girl it “allegedly” phone-hacked – Reuters

Advanced degree holders were the only Americans who saw wage growth in the last decade — WSJ Real Time Economics

70 percent of all tax filers receive no benefit from the mortgage interest deduction — NYT

“Every 2 minutes today we snap as many photos as the whole of humanity took in the 1800s.” — Gizmodo

I know of several NYC investors who are kicking the tires on Rat Island, available for under $300K — Curbed NY

Greek Finance Minister: Greece has been “blackmailed and humiliated” by EU and IMF demands — BBC

Paul Volcker: Don’t listen to the “siren song” of boosting inflation. Of course he thinks that — NYT

Larry Summers: Europe must move away from “grudging incrementalism” — Reuters

And Tony Blair reportedly visited Libya several times to lobby for JP Morgan — Telegraph

Greece’s best plan is to “default big,” says former Argentine central bank governor Mario Blejer — Bloomberg Businessweek

Barclays was lucky, Bank of America was stupid — Dealbook

One of Warren Buffett’s successors had a twenty-five year streak of running every day — WSJ

AOL, Microsoft, and Yahoo have formed an ad pact to take on Google — TNW

“The correlations we note among industry sectors are profoundly and dysfunctionally high” — FT Alphaville

Federal prosecutors are investigating whether eBay took confidential information from Craigslist — Reuters

And Donald Trump’s new tenant paid its deposit in gold bars — WSJ

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