Easy Useless Economics – NYTimes.com – Paul Krugman

FOCUS: Resurrecting Glass-Steagall – Robert Reich

FOCUS: How Wall Street Killed Financial Reform – Taibbi

Jamie’s Cryin: Dimon, J.P. Morgan Chase Lose 2 Billion | Matt Taibbi | Rolling Stone

JPMorgan’s $2 Billion Loss Fueled by Efforts to Avoid Risk – Print View – The Daily Beast

A Shock From JPMorgan Is New Fodder for Reformers – NYTimes.com

How Bad Things Are – Paul Krugman

Hundreds of Thousands March Against Austerity in UK | Common Dreams

How Wall Street Killed Financial Reform | Politics News | Rolling Stone

Eating Out Of Dumpsters: This Year Compared To Last Year

We continue to observe a declining economy in our experiences with dumpster diving. Six or seven years ago, when I dove out of hobby more than need, I only told a few people what I was doing. Dumpster diving felt wrong .. Fast forward to 2012: we dive out of need, in the light of day, and we are not alone .. Not everyone who picks up food, and this includes ourselves, is technically below the poverty level, believe it or not. No one appears disheveled or otherwise compromised, and in some cases, people drive high-end vehicles to dive dumpsters. We believe that we share with a good many others, what one might call ‘borderline.’ .. One does not have to be technically poor to be borderline. I suspect that a good many people with money are one flat tire and a ten minute half-life away from absolutely losing it. There is no security, no assurance, no sense anymore in this country today that we will somehow work hard and do better than our parents did before us. Borderline people thank goodness for their health and pray that no one gets sick. Borderline people dive dumpsters. They are you, me, the neighbor, the grocery store manager, the person walking next to you. This is what America looks like to us, today

FOCUS: Austerity Can’t Be Just for Regular People

FCC: Break Up the Big Media Monopoly

AlterNet: The New Wall Street Racket Looting Your City, One Block at a Time

FOCUS: Petro Plutocracy – Robert Kennedy, Jr

Paul Krugman: Austerity Is So Wrong!

Social Security Matters

Those Revolting Europeans – NYTimes.com – Paul Krugman

FOCUS: Socialism and the Productivity Revolution – Robert Reich

Democracy Now: ExxonMobil’s Dirty Secrets, from Indonesia to Nigeria to Washington – Steve Coll on “Private Empire”

AlterNet: Why Nancy Pelosi is Right to Slam Obama’s War on Pot

AlterNet: Ayn Rand or Jesus Christ? Conservatives Can’t Have It Both Ways

The Guardian: Greek voters vent anger towards austerity at ballot box

"This is a message of change, a message to Europe that a peaceful revolution has begun," said Alexis Tsipras, who heads Syriza, a coalition of radical left and green groups that took 16.6% of the vote – the second largest share. "German chancellor Angela Merkel has to know that the politics of austerity have suffered a humiliating defeat."

David Dayen: French Election Reflects Broken Consensus Among Eurozone

Essentially, Europe has had a “Merkozy” policy led by the two center-right leaders of those countries, an alliance which has stood strongly for fiscal austerity in the face of recession. And that policy has failed, both in real economic terms and now in the popular electoral sphere .. This will come to a head if Hollande presses for a renegotiation of the fiscal pact among Europe. The Economist and other mainstream publications tried to paint this as the second coming of Armageddon. Even the framing of today’s New York Times piece – “Markets To Give France a Grace Period” (how nice of them) – underlines this perceived threat. In reality, the markets have been punishing an unending austerity that caused a second recession throughout Europe

Plutocracy, Paralysis, Perplexity – NYTimes.com – Paul Krugman

In the Euro Zone, False Narrative Dominates Debate