TODAY'S recommended economics writing:  • Kyoto seems to have
reduced domestic emissions (in signatory nations) a little and
increased the carbon content of imports a lot. (Vox)  • If
there's anything we can learn from the experience of the
American automakers it's that once a reputation for quality is
lost, it takes a long time to get it back. Toyota, take note.
(Cheap Talk)  • A resounding rebuke to those trying to
rehabilitate President Bush's economic policies. (Jon Chait)  •
Anti-theft lunch bags. Yuck. (Marginal Revolution)  • The least
surprising headline of all time: China rejects US currency
complaints. Do people have no sense of how this stuff works?
(New York Times)  • If you don't hear from me for a few days,
send snowplows.