Economy:
Crises in Japan Ripple Across the Global Economy – New York Times
Go East, young bureaucrat: Emerging Asia can teach the West a lot about government – The Economist
Housing starts see biggest drop since 1984 – Reuters
Markets:
NY Fed confirms intervention in currency markets – Pittsburgh Post Gazette
G7 cenbanks in rare currency action after yen surge – Reuters
Q+A: Why is Japan’s yen rising against the U.S. dollar? – Reuters
Politics:
EU ‘playing with fire’ on Irish debt restructuring – Independent
Mandatory Spending to Exceed all Federal Revenues — 50 Years Ahead of Schedule – Weekly Standard
Banks:
Mega-Banks and the Next Financial Crisis – Wall Street Journal
China Raises Bank Reserve Requirement for Third Time in 2011 on Inflation – Bloomberg
A Brief History of Money – The Atlantic
