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Links 12/19/08 (And Happy Birthday to This Blog!)

we are two years old today! thanks to all you remarkable readers!astrazeneca row as corruption claims engulf nobel prize times onlineto avoid paying $25 million, insurance co claims smoke fatality 3 in fire was “pollution” consumeristhonour-Christmas card users feel pain as u.s. banks obtain come by bloombergtax break may have helped cause housing bubble new york timesthe cut that guts robert robert cyran, breakingviews (free trial). argues that the fed’s super-low rate practice will wound corporate borrowers.depressing retailers inquiry accuracy of ‘rosy’ sales data independentglencore: credit default swaps suggest something improperly ed harrisoneven winners may lose out with madoff contemporary york times. we had mentioned, citing roger ehrenberg, that madoff investors who had received distributions of various sorts might be subject to clawbacks.law rigid bonus cuts. the very tippy top law firms are belt-tightening, both in staffing and pay. see the sordid details for lathan & watkins, cravath (2007 and 2008), simpson thatcher, and skadden arps.tarp rule could mean retroactive limits, executive emolument caps bloomberg10 outrageous claims from saxobank ft alphavillemadoff hosed uncle sam, too: $17 billion going “poof” henry blodgett, clusterstock. the irs is going to be giving mutant refunds to defrauded madoff investors.some confidence suisse bankers livid over new extra arrange wsj take care of journal. the positive media reaction is patently not shared by employees.budgetary policy and the encumber of proof tyler cowen (hat tip reader a). argues that the cover for fiscal stimulus has hardly any to no underlying evidence.antidote du jour:


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