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Friday, December 23, 2011

The Browser weekly newsletter [23 Dec 2011]

23 December 2011

 Best of the Week

The Failure Of The Euro

Martin Feldstein | Foreign Affairs | 15 December 2011

Outstanding essay on history of euro crisis, way forwards for single currency: "The eurozone is likely to continue with almost all its current members. The challenge now will be to change the economic behavior of those countries" Comments

Bashar al-Assad, His Father's Son

Jerrold Post | Foreign Policy | 20 December 2011

Ex-CIA analyst discusses Syrian leader's trajectory from moderniser to mass-murderer. Parallels with Gaddafi's son, Saif al-Islam. Both spent time in the West, enough to learn new ideas, but not enough for deep change Comments

The Girl With The Father Tattoo

Michele Pridmore-Brown | LA Review of Books | 15 December 2011

How fathers shape their daughters. "The girlish power to redeem men has a long tradition. But the bar on committed or 'good-enough' fatherhood has risen radically in recent years, and especially so with respect to girls" Comments

The Wisdom Of Crowds

Anonymous | Economist | 17 December 2011

Super piece on science of pedestrian behaviour, how we negotiate space as we walk down busy pavements. “At low densities, behaviour is cognitive and strategic. At high density, it’s about mass movement and physical pressures" Comments

Breakthroughs In Faith

Olivier Roy | World Policy Institute | 19 December 2011

Fine essay on religion, democracy. "It does not make sense to demand religious liberalism or theological reform or a preliminary secularization as a requirement for making religion compatible with democracy." Here's why Comments

On Being The Right Size

J.B.S. Haldane | Farnam Street | 20 December 2011

Republished, and still well worth a read. "For every type of animal there is an optimum size. The same is true for every human institution. The English invention of representative government made a democratic nation possible" Comments

Smoke Screening

Charles Mann | Vanity Fair | 20 December 2011

Writer tests out US airport security. With a bit of help from expert Bruce Schneier. And a fake boarding pass. The verdict? Damning: "Not only is it not done right, but even if it was done right it would be the wrong thing to do" Comments

Christopher Hitchens: 'The Consummate Writer, The Brilliant Friend'

Ian McEwan | Guardian | 16 December 2011

Wonderful, touching piece from McEwan remembering last weeks of his great friend. A writer, to the last: "His head would droop, his eyes close, then with superhuman effort he would drag himself awake to type another line" Comments

DAI: Santa rally puts S&P 500 up for the year

Reuters
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12/23/2011
News Good Evening
LATEST NEWS
Santa rally puts S&P 500 up for the year
NEW YORK (Reuters) - The S&P 500 turned positive for the year and closed out its third week of gains in four on Friday as equities extended their rally after a string of unexpectedly strong economic data. | Full Article
Consumer, business spending point to slower growth
December 23, 2011 04:08 PM ET
WASHINGTON (Reuters) - Consumer spending was tepid in November and a gauge of business investment fell for a second straight month, suggesting the economy lost some of its recent momentum. | Full Article
World economy to trudge on in 2012 despite Europe: poll
December 23, 2011 01:37 PM ET
LONDON (Reuters) - Europe faces another year of dismal economic performance in 2012 that will weigh on global growth, but emerging markets and the United States should at least keep the world economy moving in the right direction. | Full Article
Banks downgrade threat remains despite ECB funds: S&P
December 23, 2011 10:07 AM ET
FRANKFURT (Reuters) - The half a trillion euros the European Central Bank pumped into the financial system buys hard-hit banks valuable time but will not in itself protect them from threatened rating downgrades, one of Standard and Poor's top executives said. | Full Article
Analysis: As euro steadies, fund managers hedge bearish bets
December 23, 2011 12:47 PM ET
NEW YORK (Reuters) - The European debt crisis roiled markets all year, producing the most volatile trading since the 2008-2009 meltdown. That is, except in one market -- the euro. | Full Article
US TOP NEWS
Congress punts hard payroll tax work to 2012
December 23, 2011 04:28 PM ET
WASHINGTON (Reuters) - President Barack Obama signed into law a two-month payroll tax cut extension on Friday, capping a year of fierce partisan combat over taxes and spending that will resume in January and play heavily in the 2012 elections. | Full Article
Double car bombing kills 44 in Damascus
December 23, 2011 03:28 PM ET
BEIRUT (Reuters) - Suicide car bombers struck Damascus on Friday, officials said, sending human limbs flying in the bloodiest violence in Syria's capital since a revolt against President Bashar al-Assad began nine months ago. | Full Article
In ad for newsletter, Ron Paul forecast "race war"
December 23, 2011 08:56 AM ET
WASHINGTON (Reuters) - A direct-mail solicitation for Ron Paul's political and investment newsletters two decades ago warned of a "coming race war in our big cities" and of a "federal-homosexual cover-up" to play down the impact of AIDS. | Full Article
Analysis: What's the plan if North Korea collapses?
December 23, 2011 03:24 PM ET
SEOUL (Reuters) - North Korea appears to be making an orderly transition after the death of leader Kim Jong-il last week, but the risk of collapse is higher than before and regional powers need to start discussing that contingency with China, diplomats and analysts say. | Full Article
Insight: Trenches and fear divide heart of Syria protest
December 23, 2011 03:24 PM ET
(Foreign journalists are not allowed in Homs, the city at the centre of Syria's uprising. A translator born in the city returned for three days last week. This piece is based on his account, relayed to a Reuters correspondent well known to him. Please note strong language in 12th paragraph) | Full Article
HEALTH NEWS
EU OKs Roche's Avastin for ovarian cancer
Enfamil questions linger over Mead Johnson
Preventable drug reactions land vets in hospitals
Leukemia patients at greatest risk of listeriosis
Many stent patients get rehospitalized: study
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ODDLY ENOUGH
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NORAD's Santa tracking set to launch on Christmas Eve
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Canadian charity throws doomed bunnies a lifeline
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BREAKING NEWS: Wall Street Hits Holiday Week Home Run

The blue chips closed out a jolly trading week on a high note, zooming 124 points, or 1%, higher on the day as traders grew more optimistic about the U.S. economic landscape. For the week, the Dow jumped 3.6%, while the broader S&P 500 rallied 3.7%.


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The Browser daily newsletter [23 Dec 2011]

23 December 2011

 Best of the Moment

Best Of 2011: Personal Best

Atul Gawande | New Yorker | 26 September 2011

You'd be surprised if a successful singer or sportsman had no coach. Why not so for other professionals? Surgeon investigates: "I can’t say that every surgeon needs a coach to do his or her best work, but I’ve discovered that I do" Comments

Best Of 2011: Cracking The Scratch Lottery Code

Jonah Lehrer | Wired | 31 January 2011

Extraordinary account of how MIT statistician cracked the code behind lottery scratch tickets. Achieved 90% win rate. "The visible numbers turned out to reveal essential information about the digits hidden under the latex coating" Comments

Best Of 2011: The Arab Counterrevolution

Hussein Agha & Robert Malley | NYRB | 7 September 2011

Outstanding analysis of Arab uprisings, looking ahead to what may follow. "Revolutions devour their children. The spoils go to the resolute, the patient, who know what they are pursuing and how to achieve it" Comments

Best Of 2011: Obituary, Colonel Albert Bachmann

Anonymous | Telegraph | 4 May 2011

"Mustachioed, pipe-smoking and blessed with an ability to wreak havoc within his own organisation, Bachmann’s resemblance to Inspector Clouseau was striking. He reduced the Swiss intelligence agency to a state bordering on chaos" Comments

Best Of 2011: Nato Must Help Us!

Wolfgang Bauer | Zeit | 31 August 2011

Extraordinary report by German journalist of secret travels in Syria and meetings with protest leaders. Even hospitals aren't safe for dissidents: “You come in with a bullet in your leg. And you come out with a bullet in your head" Comments

Best Of 2011: Tour De Gall

A.A. Gill | Vanity Fair | 7 March 2011

Gloriously hostile review of Paris restaurant, L'Ami Louis. On veal kidneys: "The heat had welded them together into a gray, suppurating renal brick. It could be the result of an accident involving rat babies in a nuclear reactor" Comments