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There isn’t enough discussion of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 as a blatant sign of the coming debt crisis; and that absence itself testifies to how hopelessly skewed the “center” is.

Mark G. Stewart and John Mueller (“Assessing the Risks, Costs and Benefits of United States Aviation Security Measures,” Centre for Infrastructure Performance and Reliability, Research Report No. 267.04.08, University of Newcastle, Australia) offer an optimistic measure of the Federal Air Marshal Service: The United States Office of Management and Budget has recommended the use of [...]

NYT covers breaking news within eyeshot of its new HQ: We would like to hear from witnesses who saw the plane go down. Call our Metro Desk editorial assistants at (212) 556-1533. Anyone with images of the crash and rescue is asked to e-mail them to cityroom.nyt@gmail.com. A Gmail address. [Update 18 Jan 00:35: “Send [...]

Bingo: Steve Clemons gives it a name. The rationale for the secrecy—that disclosure would precipitate lack-of-faith events that could be disastrous—is entirely valid; but the proposed solutions are not. The popular “debate” so far has oscillated around whether recent crises involve liquidity or solvency issues; in fact, the underlying issue is whether the problems are [...]