Economy:
U.S. business inventories up, sales post largest drop in 10 months – Reuters
The Wages of Men – New York Times (Krugman)
People Think We’re in a Recession. Don’t Blame Them – New York Times
15% of Americans living in poverty – CNN Money
Markets:
Fire-sale of US Treasuries is a warning of acute stress across the world – Telegraph
Housing Crash Continues to Overshadow Young Families’ Balance Sheets – Federal Reserve Bank of St. Louis
The Fed’s Age of Inflation – Wall Street Journal
Politics:
Wyoming welder faces $75,000 a day in EPA fines for building pond on his property – Fox News
Obama’s Overtime Plan Could Cost Small Employers – Wall Street Journal
Banks:
Vince Cable says ‘no-one needs to earn £1m a year’ – BBC
New York Strips London of Mantle as World’s Top Financial Center – Bloomberg
China Details Plans to Liberalize Interest Rates and Encourage Private Banks – New York Times
Consumers Not Powerless in the Face of Credit Card Fraud – New York Times
