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"It is difficult to think of anywhere else in the western world where these debates would have any credibility outside of a fringe party (even if the fringes in Europe are now spreading). Far from indicating America's exceptionalism, it looks more like an awful parody of the stereotypes most outsiders already believed about American politics at its most bizarre. 'Those who follow this race daily may have long since lost perspective on how absurd it is,' said the German magazine Der Spiegel last week." READ MORE

• Intimidating track-suited Khazak dad; some facial scarring. READ MORE

And now we get to prematurely place behind us another quite troubling incident in our recent history. Secret prisons? Eh, let's forget about those. Torture? Let's just move on. A incredible transformation of huge chunks of the military into a privately contracted mercenary army? La la la la la! Years and years of National Guard reservists being unexpectedly called up for active duty in Iraq? Oh well! Thousands of soldiers having had their service contracts forcibly extended, creating a stop-lossed conscription army, under a policy that somehow no judge would find illegal? Sorry guys and gals! (And sorry families of dead guys and gals.) Operation New Dawn: the war we had after the war? Deadly. A decade of a wildly, wildly, crushingly expensive invasion, that involved more than a million Americans in combat, and the occupation of a country under false pretenses? Let's just agree to not talk about it anymore. The CNN crawl says "Ceremony Ends Nine Years of Conflict," which isn't actually what happened either: we actually didn't have a "conflict." America's great at putting things behind us, so guess we'll just file this under "things that are already over," though we still have billions of dollars to spend in ongoing operations. But at least we should let the Iraq War have an asterisk for "things that should never have happened." READ MORE

The comments on this Dealbook piece about how Wall Street has reconstituted the notion of employment as bottom-line cyclical churn are 100% mean, as you'd expect. ("I can't help but wonder if any of these laid-off wunderkinds ever ask themselves whether they contributed to the current economic situation," for example. And: "My God these people are pathetic. Even when they're laid off and collecting unemployment, they still sound like insufferable snobs.") But the sheer numbers involved in the way financial firms chew up and spit out young people are pretty bad. These are the very kids who were the children of the subjects of New York magazine parenting articles: we cared about them when we worried they were probably autistic, and then when their young parents were striving to get them into the best preschools, and then again when the kids spent the next sixteen years trying to beat each other on the SATs and the GPAs and the extracurriculars, so why shouldn't we care about them now that they've entered a workforce where they regularly get kicked to the curb because some dickface in management has to sack a quota of analysts to make his now-regular layoff goal? When you're laid off twice by 28, that's rough! And that's tens and tens of thousands of young people who were sold a dream and an expectation about merit, performance and success, and now they're figuring out one by one that it was literally all a lie. Probably half these kids will turn out bitter and evil and scheming, but, if we're lucky, half the kids will figure out that the prevailing corporate system of doing business is utterly screwed. Maybe a few will even do something about it.

• Good news, America! We're finally building equal opportunity ghettos! Now that 1 in 15 Americans are considered the "poorest poor," we're making sure they live in underserved neighborhoods; "geographically concentrated poverty in the U.S. is now at the highest since 1990." But it's a rainbow of poverty! Red and yellow, black and white! READ MORE

THE EUROPEAN CONTAGION STRIKES! Thanks, everyone but Germany. (And so long, value of Swiss francs!) It's so nice to blame Europe for our "stock market woes" (which, you know, the standard caveats on that phrase, because, "higher DOW = better for everyone" is not a true thing). READ MORE

"The Daily Mail advertised ten fictitious job vacancies in towns and cities across Britain.... A 25-hour-a-week cleaning job paying £10 an hour that was advertised in London attracted in excess of 225 applications. Of these, just 17 were from British workers." READ MORE