MySpace slashes its staff in half CNN. Remember what a big deal it was when MySpace was acquired by Murdoch?
What U.S. “justice” signifies around the world Glenn Greenwald
Arizona is on the brink Guardian (hat tip reader May S)
The Guardian’s Political Censorship of Wikileaks CounterPunch
China’s Over-hyped Stealth Jet The Diplomat (hat tip reader Crocodile Chuck)
Foreigners Shun Europe’s Bonds, and Debt Piles Up New York Times. This article misses something awfully basic: the domestic banks then get loans from the ECB. So the ECB is effectively buying the debt.
Goldman Bankers, Ascendant Again Wall Street Journal
New Move to Make Yuan Global Currency Wall Street Journal versus Hunting Elephants With Pea Shooters; China Allows Yuan Denominated Accounts in US Banks Michael Shedlock
East and west converge on a problem Financial Times
Antidote du jour: