It seems Kobi’s having a good old time in Namibia, which has no extradition treaty with the U.S., and where we assume his money goes a long way toward keeping it that way. He’s handing out scholarships like candy, helping soup kitchens and synagogues, and who knows what else. He flew in 200 people from New York and Israel for his son’s four-day bar mitzvah bash.

Mr. Alexander has promised to invest millions more in the country. “If you’re Namibia, even if you want to follow the rules and return him, what’s the rush?” asked one U.S. official familiar with the case.

It’s an interesting read and a good follow-up.

Up, up, and away!

The NYT reports on C1 that “commodity prices went wild” yesterday, with the price of corn, soybeans, and wheat soaring as the Midwest is being hit by weeks of hard rains.

It’s more bad news for inflation. The FT and WSJ say the Agriculture Department on Tuesday cut its forecasts for production over the next year. The NYT:

“You know those complaints you’ve been hearing about high food prices? They’ve just begun,” said Jason Ward, an analyst with Northstar Commodity in Minneapolis.

Meanwhile, oil jumped $5 a barrel.

The Journal says on A3 that the floods threaten to swamp the Midwest’s economy.

Mortgage scam snares Obama’s veep screener

The Journal’s scoop Saturday that Countrywide CEO Angelo Mozilo had personally gotten good mortgages for his cronies has taken a casualty in the Obama campaign. Its vice-presidential candidate screener James A. Johnson quit after it emerged he’d gotten a loan for a Montana project that “overrode (Countrywide’s) internal limits on loan size, amount of allowable debt and number of loans to a single borrower.”

The loan program was called “Friends of Angelo.” The Journal hypes its story-getting prowess with a tear-out from Saturday’s scoop.

Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at rc2538@columbia.edu.