Lunchtime Links 6-21
Must Read — Dysregulation nation (Warner, NYT)
Yuan soars to post-revaluation high (Reuters) On Saturday China said it would let its currency appreciate. Though U.S. consumers may face higher prices, this is absolutely necessary to help rebalance the world economy.
Don’t gut proxy access (Bebchuk, Dealbook)
Basel trading reforms delayed (Reuters) Ugh. The best fix for the global financial system is to make banks hold more capital. Postponing the rules for holding more capital against trading assets could delay the bigger reforms scheduled for 2012…
Americans think soccer is boring (imgur) Some of us Yanks love the World Cup, but isn’t it ridiculous that every other match is determined by something besides quality play? Blown calls. Missed calls. Fake injuries. What solves this? More refs on the field? Some form of instant replay?
Cigarette tax will mean $10 packs in NY (Carrasquillo, myfoxny)