Lunchtime Links 6-28
Corruption suspected in airlift of billions in cash from Kabul (Rosenberg, WSJ) $3 billion has left the country in three years. And that’s just the officially declared amount. Your tax dollars at work folks.
Will Obama make tough budget choices? (RealClearPolitics) Watch it to the end. Is Obama talking about austerity because he believes it’s necessary or because it’s de rigueur among G20 leaders these days? We’ll see if he actually follows through. He has had some big economic policy wins of late that are commendable. China says it will let the yuan appreciate; Europeans are going to conduct stress tests; and he’s got a financial reform bill to sign. None of the above are panaceas, but they are progress.
PDF — G-20 summit declaration (G-20) Wherein the Group of 20 nations agree to a timetable to reduce deficits by half by 2013 and “stabilize” debt-to-GDP by 2016. Not exactly lofty goals. And in any case, there’s plenty of emphasis that deficit cutting won’t happen until economic “recovery” takes hold. Ugh. Curring spending will cut growth. Seems to me there’s no way to de-lever without accepting that output is going to fall.
The cheap cost of cheating the lowest paid (Clines, NYT) This subject feels like it deserves a lot more than a few hundred words.
Counterfeit fashion, counterfeit personalities… (Economist)
YouTube adds a vuvuzela button! (YouTube) Click the soccer ball bottom right…
Grammar Nazi WIN (facebook)
Optical illusions (imgur) Never mind the Tevez goal that was bogus. All of this can be solved with very simple replay technology. And it’s not like it would take up any extra time. A reviewer in the booth could tell refs the correct call in seconds…