Extra Credit, Wednesday Edition

Is

Housing Becoming Disconnected from Income?

On

the hook for £100bn – it’s “business as usual” at Northern

Rock

Very cool global GDP animation

Closing

the mortgage barn door: "Incentives to follow prudent lending procedures

did not ‘erode,’ as Bernanke put it. Incentives to follow imprudent

lending procedures flooded the market."

Goldman’s

Share Count to Continue Its Steady Decline

The

ludicrousness of white cachet: Would you have second thoughts about buying

a Jaguar if the brand were Indian-owned?

Controversy

in the Bread Aisle: "Often, breads with hearty-sounding words like

“7 grains,” “cracked wheat” and “multi-grain”

on the label are made with bleached flour and brown food coloring rather than

healthful whole grains. Some bread packages use terms like “100 percent

wheat,” which gives many shoppers the wrong impression they are buying

100 percent whole wheat bread. And many multigrain varieties contain less than

2 percent of the grains they promise on the front of the package."

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