That’s a lot more than the biggest banks we hear about

Echoes of the debate today in the US

Watch this video

Hilarious whether you agree or not. I don’t agree 100% but I do like the part where he asks who the hell would want to own a prison.

QE is nonsense since central banks don’t control demand for credit.

More interesting comments by Dr. Doom

Hilarious mock-up. Nice one, Barry.

Afterlife is among the 2% that have this. Are we affected too?

You reap what you sow.

Phelps will still be amazing though.

Japan doesn’t like Buy American either

Intellectual property going back to China was the issue

This comes via the EU Competition Commissioner

Provocative piece, but unlikely to actually happen.

Very ugly numbers from the UK.

wholesale retreat from global banking.

Provocative thoughts on social psychology and patriotism.

Like humans, cats tend to prefer one paw over the other when tackling tricky tasks, find researchers

Good piece comparing Nixon in 69 to Obama in 09

You knew this was coming. Obama better hope the economy is better in the fall.

This thing just won’t go away. Gates says: "It didn’t matter how I was dressed. It didn’t matter how I talked. It didn’t matter how I comported myself."

Palin’s political ambitions are toast.

Not looking good. Hat tip Claus Vistesen

I don’t usually like Krauthamer’s views, but he does make a few points.

Distraction of the Day: United breaks guitars