1. NTSB urges caution on apportioning blame in Asiana crash. I think that means: “We’ve given you enough information so that the pilots are even now being hung, drawn and quartered in the court of public opinion – other than that, don’t jump to any conclusions. ”
2. Egypt’s transition teeters as PM moves to form cabinet. “Transition”? Interesting choice of words. This is a military coup, but almost certainly a good one, unless you want to see the Copts exterminated and serious Islamic rule. But calling it a transition is like the British calling WWII the late unpleasantness.
3. SEC Votes to Lift Ban on Hedge Fund Advertising. A cynical man would marvel at how the SEC – a wholly-owned subsidiary of Goldman Sachs – is looking out for the little guy by allowing huge, rich companies whose money-making activities are understood by some tiny fraction of even professional investors, to advertise their products directly to the little guy. “Now, you too can get in on our fool-proof credit insurance derivatives arbitrage fund!”
What could possibly go wrong?