Assorted links

1. “One was falsely accused of being a moslem, and the other was falsely accused of not being a moslem.”

2. A measure of systemic risk for China.

3. A new and better way of using consumption risk to explain the global cross-section of returns? (pdf)

4. In praise of Lloyd Metzler.  And John Cochrane defends reverse repo and criticizes Sheila Bair.

5. A theory (highly speculative) about what Israel has been trying to prevent.

6. Ronald Coase and the Fabians agreed on policy toward the BBC, with new substantive material by Coase, previously unavailable.