Economy:
A boom in corporate profits, a bust in jobs, wages – Chron.com
Analysis: In debt row, hints of emerging-economy crises – Reuters
U.S. Growth Probably Slowed in Second Quarter – Bloomberg
Markets:
Stock futures, dollar fall on no debt deal – Reuters
Wall Street bracing for possible downgrade of U.S. credit – Washington Post
China’s spectacular real estate bubble is about to go pop – Telegraph
Making a case against unsustainable debt – Boston.com
Politics:
More About the Challenge of Attaining a Sustainable Federal Budget – Congressional Budget Office
$14 Trillion in Debt, But Who Owns All That Money? – The Atlantic
Greece defaults – Reuters
Details of Latest Euro-zone bailout Agreement – Wall Street Journal
Eurozone debt crisis: Greece bail-out is ‘a risk to EU’ – Telegraph
Banks:
Banks Pay Back TARP Funds by. . .Borrowing From Treasury – Contrary Indicator
Audit: Fed gave $16 trillion in emergency loans – Raw Story
Weak economy, housing weigh on US banks – AFP
