FURTHER FURTHER READING
- Brad DeLong on the "Commissars-Turned-Capitalists of Shanghai"
- Why the TV industry is consolidating like it's 1999.
- The IMF revisits sovereign bankruptcy.
- The ideological migrations of the econ laureates.
- The Ohio State marching band's tribute to Michael Jackson.
FT EVENING ROUND-UP
Obama admits botched online healthcare launch: "Barack Obama, who forged his political career by harnessing the power of the internet, was forced to admit that the launch of the online exchanges at the heart of his signature healthcare reforms had been botched." (Financial Times)
US crude dips below $100 as output surges: "US oil fell below $100 a barrel for the first time since July as oil stockpiles climbed rapidly in the second week of October with refineries reducing activity to carry out seasonal maintenance. Nymex November West Texas Intermediate (WTI) fell more than $1 to a low of $99.45 a barrel on Monday, the lowest level in more than three months." (Financial Times)
Italian police arrest 'fugitive' former UBS banker Raoul Weil: "A prominent Swiss asset manager is facing extradition to the US after being arrested while holidaying in Italy on charges he helped American clients with $20bn of assets to evade US taxes during his previous job at UBS." (Financial Times)
Chinese steam over pricey Starbucks coffee: "Starbucks has come under fire from Chinese state media for charging more for its coffee in China than in other countries, making it the latest western company to face scrutiny over its Chinese pricing strategy." (Financial Times)
