Giant spiders invade Australian Outback town Times Online
Fuel for deep space exploration running low Associated Press
The SEC is unsalvageable Felix Salmon (hat tip reader Andrew)
Friedman quits New York Fed Financial Times. His resignation letter was a tad defensive.
How Useful Were Recent Financial Innovations? There is a Reason to be Skeptical Adam S. Posen and Marc Hinterschweiger (hat tip Mark Thoma)
U.S. Banks’ Not-So-Stressful Test Wall Street Journal
China fears disastrous steel oversupply Steel Trade Today (hat tip reader Michael)
Stressing the Positive Paul Krugman
What Keeps Me Awake At Night: Economy Edition Roger Ehrenberg
Preliminary Q1 2009 Stress Test Results: Significant Increase in Stress Across the Banking Industry Institutional Risk Analytics Blog. These guys crunch FDIC data.
Antidote du jour (hat tip reader Ernesto):