The FBI today released photos and video of two suspects in the deadly Boston Marathon terror bombings case, appealing to the public to help law enforcement officials find them.

“Somebody out there knows these individuals,” said Richard DesLauriers, special agent in charge of the Boston FBI office. He said the two men are considered “armed and dangerous.”

DesLauriers described the two men as Suspect No. 1 and Suspect No. 2. Suspect No. 1 was wearing a dark hat. Suspect No. 2 was wearing a white hat.

DesLauriers said Suspect No. 2 was observed planting a bomb, leaving it in place shortly before it went off.

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The bishop of the Episcopal Diocese of Western Massachusetts, which includes Worcester and surrounding communities, said today that he is against the proposal to locate at $200 million slots parlor on the former Wyman-Gordon Co. parcel in Green Island.

“For those who have little, the illusory chance that they can gain much, even in a game stacked against them, is tempting and ultimately destructive,” said Bishop Douglas J. Fisher. “Our churches stand with the economically poor of our society, and that always means taking a stand against gambling establishments in our cities.”

Bishop Fisher is the latest prominent church leader to take a stand against the proposal.

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Commodity prices have been falling since September, culminating in a rout over the past two weeks. That is a classic warning for the global economy.

It is becoming ever clearer that the roaring boom in global equities since last summer has priced in an economic recovery that does not in fact exist. The International Monetary Fund has had to nurse down its global growth forecasts yet again. We are still stuck in an old-fashioned trade depression, with pervasive over-capacity in manufacturing plant and a record global savings rate of 25pc of GDP.

German car sales fell 17pc in March. That should puncture the last illusions that Germany is about to pull Europe out of a self-inflicted slump.

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Senate Finance Committee Chairman Max Baucus, one of the health reform law’s chief authors, says he’s worried about a “huge train wreck coming down” if the Obama administration doesn’t improve its public outreach about the legislation.

Baucus, a Montana Democrat who is up for reelection in 2014, sharply criticized the administration’s outreach efforts in a budget hearing on Wednesday. He told Health and Human Services Secretary Kathleen Sebelius that people and businesses “have no idea what to do, what to expect” from the law.

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We have no way of knowing how this all ends. One problem is that the smartest solution””having Germany and perhaps a handful of other northern countries leave the euro for a new currency (the Deutche Mark 2.0, or a “neuro” for northern Europe)””would make life easier in the south. The south based euro would fall in value, but since debts and contracts are denominated in that currency, the adjustment would be the same as in a normal devaluation. This course would likely lead quickly to a new burst of growth in the south, though inflation and other problems would take a toll over time.

But the euro’s break up day would cause a lot of problems for Germany and its northern friends….

So we’re in an interesting situation. The crisis is crippling the south, but the south has no power to resolve the crisis. The crisis isn’t comfortable for the north but still looks less painful than the solution. So the north, which has the ability to resolve the crisis, doesn’t have the will to do it and the south, which has the will, lacks the ability.

Read it all (and please note that the Financial Times article by Wolfgang Münchau which is mentioned, entitled “The riddle of Europe’s single currency with many values,” is indeed a must read as Mr. Read says).

There is a great graphic here and some comment there.

The powerful blasts at the Boston Marathon finish line Monday underscore why the Federal Bureau of Investigation has spent years refining its “tripwire” system for catching would-be bomb makers before they can build a deadly device.

For years, federal agents have asked businesses that sell materials useful in making bombs to alert authorities to any suspicious orders. The types of tripwires in place have shifted over the years. In the 1990s, law enforcement worried mostly about fertilizer-based bombs after such devices were used in the Oklahoma City attacks of April 1995. In the past decade, chemical-based bombs have come into focus as authorities adapt to the changing threat.

“The tripwires have certainly been successful in the past,” said Don Borelli, a former counterterrorism official at the FBI who now works for Soufan Group.

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“Leading the conversation” is how you end up with the major Sunday shows somehow neglecting to invite a single anti-amnesty politician on a weekend dominated by the immigration debate. It’s how you end up with officially nonideological anchors and journalists lecturing social conservatives for being out of step with modern values. And it’s how you end up with a press corps that went all-in for the supposed “war on women” having to be shamed and harassed ”” by two writers in particular, Kirsten Powers in USA Today and Mollie Ziegler Hemingway of GetReligion ”” into paying attention to the grisly case of a Philadelphia doctor whose methods of late-term abortion included snipping the spines of neonates after they were delivered.

As the last example suggests, the problem here isn’t that American journalists are too quick to go on crusades. Rather, it’s that the press’s ideological blinders limit the kinds of crusades mainstream outlets are willing to entertain, and the formal commitment to neutrality encourages self-deception about what counts as crusading.

The core weakness of the mainstream media, in this sense, is less liberalism than parochialism….

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To tax reform advocates, the federal tax code is a shambling behemoth, its immense girth weighing down corporations and Jane and Joe Taxpayer alike. The code is more than 4 million words long and has been tweaked 4,680 times since 2001, or more than once a day, according to the Internal Revenue Service’s National Taxpayer Advocate, whose job is to champion the poor schlubs who have to contend with the US tax system. Compliance takes more than 6 billion person-hours a year and costs $168 billion, the advocate’s office reports.

Tax expenditures ”“ the sober name for myriad loopholes, carve-outs, and incentives in the code ”“ shield almost as much in revenue, at just over $1 trillion, as the $1.4 trillion collected each year.

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In another sign of the housing market’s brightening outlook, more home buyers are discovering conventional loans with down payments well below the 20% or higher levels of recent years.

Until recently, many borrowers had to go through a government guaranteed loan program, such as the Federal Housing Administration (FHA) or the Department of Veterans Affairs, to get a mortgage with less than a 10% down payment.

Now, a growing number of lenders are offering such mortgages without the backing of a government guarantee ”” the definition of a conventional loan.

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The US Supreme Court is scheduled on Monday to take up a case with widespread implications for scientific innovation and health care in the US. The question: Are human genes patentable?

The issue arises in a challenge to patents held by Myriad Genetics, a Utah-based diagnostic testing and research firm that developed a way to detect genetic mutations (called BRCA1 and BRCA2) that scientists associate with a higher risk of breast and ovarian cancer.

The process is described by the company’s lawyers as akin to locating a particular grain of sand in a space the size of the Empire State Building. The tests have helped over a million patients identify risks and develop treatment strategies….

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The Bishop of Grantham has criticised the scale and cost of Baroness Thatcher’s funeral, describing it as a “mistake” which may play into the hands of extremists.

The Rt Revd Dr Tim Ellis said the ceremonial event at St Paul’s Cathedral on Wednesday, costing up to £10 million, was “asking for trouble” amid divisions about the late prime minister’s legacy….

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Nigeria’s iconic National Theatre rises out of the brackish swamps of Lagos near its islands, a massive concrete and marble structure that is a reminder of when the West African nation had seemingly endless oil dollars to spend.

Today, the theater and its surrounding marshlands have become known more as a good place to dump corpses than to catch the latest play.

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An Arizona bill that could leave many employees of religious schools and daycares ineligible for unemployment benefits is on the verge of becoming law.

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American workers are being fired or laid off less often than at any time in the last decade, the government reported this week. But companies are also less willing to hire than they used to be.

The Labor Department’s Job Openings and Labor Turnover Survey for February showed that during that month the total number of people who were either discharged or laid off totaled just 0.9 percent of all job holders in the United States. It was the first month since that survey began in 2000 that the figure dipped below 1 percent.

Over the most recent 12 months, the Labor Department figures show, only 15.1 percent of workers lost their jobs because of layoffs or discharges. Until this year, the lowest figure for any 12 months had been 15.3 percent, during the period ending in September 2006. That came as the economic boom was cresting before the recession that began at the end of 2007.

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At the end of 2012, buyers bought homes that were three times their annual income, up from 2.6 times before the housing bubble.

The disparity is stark in high-priced areas such as San Jose, where home buyers are purchasing homes for seven times their yearly salary. Meanwhile, in Detroit, the purchase price is typically just 1.5 times a buyer’s salary.

Homes appear more affordable because low mortgage rates are painting a distorted picture of the market, said Stan Humphries, chief economist at Zillow.

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France’s experiment with the Tobin Tax has proved a spectacular flop. Its finance ministry admits that the scattershot levy on financial transactions has raised just a third of the money expected since August.

Total takings will be a paltry €800m in 2013, but that overlooks the much greater damage inflicted on French finance, industry and the government’s own tax base. “France is shooting itself in the foot,” said Paul-Henri de La Porte du Theil, head of French finance industry AFG.

Jean-Yves Hocher from Crédit Agricole said it would cost his company €17bn. One French banker told Les Echos that the tax was “a weapon of mass destruction that is going to ruin our financial sector”.

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Rick Benisasia, who’s in the after-death business, is looking to build an empire.

Mr. Benisasia runs a South Asian-focused funeral home on Derry Road in Malton and wants to open a crematorium beside it. The land, money and demand is there, he says.

For more than three years, he’s waited for his rezoning application to be approved by the City of Mississauga. But a new Mississauga bylaw passed in March says new crematoriums must be a minimum of 300 metres from residential properties, due to concerns over the health effects from their emissions.

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Boeing Co. said today it will invest another $1 billion and add at least 2,000 jobs at its North Charleston 787 campus by 2020, citing steep demand for commercial airplanes over the next two decades.

The company’s “phase two” growth plans are expected to be part of in a bill to be introduced around noon in the General Assembly in Columbia.

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Basically, she outlined the problems with the euro perfectly, that Germany would chafe at the inevitable need for greater inflation, and that the poorer countries would inevitably be uncompetitive and need bailouts that would not easily be forthcoming.

This paragraph is from “The Path To Power,” where she discusses conversations with John Major (her successor) about negotiating with the rest of Europe. She just totally nails the inflation and competitiveness angles….

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The unexpectedly large number of American workers who piled into the Social Security Administration’s disability program during the recession and its aftermath threatens to cost the economy tens of billions a year in lost wages and diminished tax revenues.

Signs of the problem surfaced Friday, in a dismal jobs report that showed U.S. labor force participation rates falling last month to the lowest levels since 1979, the wrong direction for an economy that instead needs new legions of working men and women to drive growth and sustain a baby boomer generation headed to retirement.

Michael Feroli, chief U.S. economist for J.P. Morgan, estimates that since the recession, the worker flight to the Social Security Disability Insurance program accounts for as much as a quarter of the puzzling drop in participation rates, a labor exodus with far-reaching economic consequences.

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To hear Grier Allen tell it, BoomTown’s first office in the old Faber House on East Bay Street had rats.

Now several years on, the CEO’s workspace has a cinder block and glass brick wall and was once the seafood section of the former Jaber’s Market on Rutledge Avenue.

Moving a little over a mile in seven years, from live rodents to fish souls, might not scream success.

But Allen likes where he and his real estate software firm are. That’s because BoomTown has been covering ground in other ways. You might even say business is booming.

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For students now sprinting toward the end of their college days, the finish line may not be much of a relief. More than ever, their gait is slowed by the weight of impending debt.

Thirty-seven million Americans share about $1 trillion in student loans, . It’s the besides mortgages, eclipsing both auto loans and credit cards. And on it grows, an appetite undiminished by the recession.

There are signs that students are catching on to the dangers, however. Dawit Lemma learned his own lessons about loans and is now passing them on to others. He’s the associate director of operations at the University of Maryland’s Office of Student Financial Aid.

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Yummy Mummy, a little boutique on New York’s Upper East Side, has suddenly become a health care provider/online superstore. The company has been hiring like crazy, and just opened an online call center and a warehouse in Illinois. Yummy Mummy even hired somebody to talk to customers’ health insurance companies.

And new moms now seem more likely to splurge on fancy new breast pumps. Caroline Shany, a Yummy Mummy customer, spent her own money to buy a breast pump for her first baby. She may buy another one now because insurance will pick up the tab.

“Why not?” she says.

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Opponents of same-sex marriage resist it because it amounts to redefining marriage, but also because it will invite future redefinitions. If we embrace same-sex marriage, they argue, society will have surrendered any reasonable grounds on which to continue forbidding polygamy, for example.

In truth, proponents of same-sex marriage have never offered a very good response to this concern. This problem was highlighted at the Supreme Court last week in oral argument over California’s Proposition 8, the state constitutional amendment that defines marriage as a union of a man and a woman.

Surprisingly, the polygamy problem that same-sex marriage presents was raised by an Obama appointee, the liberal Justice Sonia Sotomayor. Sotomayor interrupted the presentation of anti-Prop 8 litigator Theodore Olson to pose the following question: If marriage is a fundamental right in the way proponents of same-sex marriage contend, “what state restrictions could ever exist,” for example, “with respect to the number of people . . . that could get married?”

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Erica Brown, a prominent rabbi in Washington, recently wrote an article complaining about a “customer service” problem in the Jewish community. “We walk into synagogues and schools . . . and no one says hello. Few know our names (maybe for months or years). A friend in an interfaith marriage says that when he takes his wife to shul, no one talks to them. When he goes to his wife’s church, everyone comes over to greet them.”

David Polonsky, director of communications at Adas, tells me that when he moved to Washington a few years ago and called around to find out about high-holiday services, he was told they would cost him hundreds of dollars. “I’m a young person calling them and asking them for a Jewish experience,” he recalls, yet no one asked for his name, let alone invited him to the synagogue. Shabbat-Hopping at least makes people feel welcome.

The conservative Adas Israel, the reform Washington Hebrew Congregation, and the nondenominational Sixth & I Historic Synagogue have all made a big deal of welcoming young professionals””even when there is no Shabbat-Hopping event.

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American employers hired at the slowest pace in nine months in March, a sign that Washington’s austerity drive could be stealing momentum from the economy.

The economy added just 88,000 jobs last month and the jobless rate ticked a tenth of a point lower to 7.6 percent largely due to people dropping out of the work force, Labor Department data showed on Friday.

Analysts polled by Reuters had expected a gain of 200,000.

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MarketWatch: Since Nixon’s “abomination” as you call it, we have had some periods where government spending to GDP actually went down, like during the Clinton era. Doesn’t that show it’s just the choices made by Congress rather than the Fed to blame [for the problem of rising national debt as a % of GDP]?

Stockman: There is the issue that Congress ultimately is the fiscal authority. But my argument is, when the Fed becomes a massive buyer of bonds and debt and artificially suppresses interest rate below market-clearing levels, it’s a terrible signal to the Congress that debt is cheap, that running deficits is a viable strategy. So therefore they are induced to kick the can, to let it drift and avoid hard choices. Who wants to tell the public you are going to take your broccoli of higher taxes and lower benefits and spending if you can issue debt on a three-year basis for 40 basis points. That’s free. I was in Congress, they don’t do decimal math, OK? And they think the money is free, it’s a bad problem philosophically, we shouldn’t be doing this for the great long run, but it’s no harm today.

Then they have professors like Krugman who give them the disingenuous advice that the bond vigilantes don’t care. The market is saying, “fine with us, we don’t care, keep piling the debt on, we love it.” That is so much baloney. The reason the interest rate on the 10-year bond 10_YEAR -0.33% today is 1.8% or whatever it happened to settle today, is the market knows the Fed is buying half of the debt and is front running the Fed. And it is renting the bond on repo, 98 cents on the dollar, based on overnight money that’s free thanks to Bubbles Ben as well.

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The vast majority of U.S. businesses expanded at a slower pace, and private-sector firms hired less, adding to earlier warnings the economy is losing momentum.

The Institute for Supply Management said Wednesday its nonmanufacturing index fell to a seven-month low of 54.4 in March from 56 in February, indicating activity cooled off. Analysts expected it to remain steady. The report saw sharp decelerations in jobs, orders and exports.

ISM’s factory gauge out Monday also showed slowing growth .

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