American Express takes aim at PayPal with Revolution Raw Story (hat tip reader John D)
S&P raises fears over health of some banks Financial Times
Pimco’s Gross Increases Government Debt to Most in Five Years Bloomberg. Gross has been talking inflation but betting on deflation.
Summers Dead Wrong on Cause of Crisis Economists for Firing Larry Summers
Obama’s Nice Guy Act Gets Him Nowhere on the World Stage Der Spiegel. Today’s must read.
Antidote du jour, from reader Mark, who said, “I took this picture last October at the Mala Mala game preserve in South Africa. I was about 5 feet away from him/her as I exited my tent.”