Economy:

The typical American family makes less than it did in 1989 – Washington Post

The American Dream, RIP? – Economist

U.S. disability rolls swell in a rough economy – Washington Post

The Mental Strain of Making Do With Less – New York Times

Markets:

Taxi Medallions in Chicago Will Cost At Least $360,000 – Institute for Justice

Wall Street watching early iPhone sales nervously – USA Today

Politics:

Hedge fund billionaire: Fed’s move ‘fantastic’ for the rich – CNBC

Buffett Calls Fed History’s Greatest Hedge Fund – Bloomberg

UBS: The Fed Is Going To Regret What Happened Yesterday – Business Insider

Banks:

Lloyds Bank privatisation begins – BBC

Economy:

Report Suggests Nearly Half of U.S. Jobs Are Vulnerable to Computerization – MIT Technology Review

Been Down So Long, It Looks Like Up to Me – New York Times

What we get wrong when we talk about ‘the financial crisis’ – Washington Post

Employment Down, Profits Up: The Aftermath of the Financial Crisis in 1 Graph – The Atlantic

Jobs, Debt And Home Prices Since The Crisis, In Five Charts – NPR

Did Demographics Cause 1970s Stagflation? – Bloomberg

Markets:

Yep, it’s another housing bubble – CNBC

Twitter Just Filed a Secret IPO—Why ‘Secret’? – The Atlantic

Politics:

NOW THAT SUMMERS IS OUT: Here Are The 4 People Who Could Get The Nod To Replace Bernanke – Business Insider

Spanish public debt reaches record level – BBC

Banks:

Five years after Lehman, Americans still angry at Wall Street: Reuters/Ipsos poll – Reuters

Japan retakes top spot for overseas bank lending: BIS – Reuters

Economy:

Over 50 Percent of Food Stamp Recipients Live in the Suburbs – Atlantic

How Poverty Taxes the Brain – Atlantic

Why Aren’t There More Employee-Owned Firms? – Slate

 The rich, the poor and Bulgaria – Economist

Income Gap Grows Wider (and Faster) – New York Times

Another financial crisis looms if rich countries can’t kick their addiction to cash injection – Guardian

Why India’s Economy Is Stumbling – New York Times

Markets:

World Markets Soar On News Of Strong Manufacturing Output – BusinessInsider

 Japan’s Prices Rise Most Since 2008 in Boost for Abe – Bloomberg

Presenting The Numerous, Undisputed And Very Clear Signs That India’s Currency Was Set For An Epic Crash – ZeroHedge

U.S. Pending Home Sales Fall 1.3% in July – Fox Business

Politics:

The most qualified candidate for Fed chair isn’t Summers or Yellen. It’s this guy – Washington Post

A Carbon Tax That America Could Live With – New York Times

 India pushes ‘shock and awe’ currency plan to save BRICS – Telegraph

Banks:

Banks plan valuation of ‘natural capital’ – Wired

Economy:

U.S. Population Distribution by Age, 1900 through 2060 – Calculated Risk

Benjamin Franklin’s strategy to make the US a superpower worked once, why not try it again? – Quartz

U.S. Companies Thrive as Workers Fall Behind – New York Times

Food-Stamp Use Rises; Some 15% Get Benefits – Wall Street Journal

Rogoff Saying This Time Different Calls for Reflation – Bloomberg

China’s Worst Nightmare Is Turning Japanese – Bloomberg

Japan growth slows in second quarter, adds to sales tax uncertainty – Reuters

Markets:

Tech rebound drives housing frenzy in Silicon Valley – CNBC

Detroit Rattles Muni Market – Wall Street Journal

The government could take it easy on drivers – CNBC

Politics:

Japan’s Debt Exceeds 1 Quadrillion Yen as Abe Mulls Tax Rise – Bloomberg

U.S. Budget Deficit Shrinks as Revenues Rise – Wall Street Journal

The race to head the Federal Reserve: Summers v Yellen – Economist