BB King dies in Las Vegas aged 89 Guardian
Quest For Extra Cash With Airbnb Turns Into Nightmare For South Bay Homeowner CBS San Francisco (EM)
Epic global bond rout is a QE success story – but it won’t last Ambrose Evans-Pritchard, Telegraph
Hollande’s scooter goes into neutral Politico
Creditors push for reform proposals as talks resume ekathimerini
Controlled default without Grexit: A silent, slow death for Greece failed evolution
Greek FinMin Still Keen on Swapping Debt MarketPulse
Greece’s hot summer Bruegel. A very good analysis of government revenue and spending, plus important data, like: “…reports suggest that so far, only 2 out of 325 mayors across Greece have accepted to hand over their spare cash.”
A Way Out for Greece and Europe Triple Crisis. But per our post today, they won’t take it.
U.S., Arab Allies Find Accord on Iran Wall Street Journal
Obama offers Gulf nations ‘ironclad’ security cooperation Associated Press (furzy mouse)
Influence peddlers seem to know more about the Trans-Pacific Partnership than Congress Sunlight Foundation (SK). Names names.
The Secret Corporate Takeover Joseph Stiglitz, Project Syndicate
Justice Department to Tear Up Past UBS Settlement Wall Street Journal
Forex Guilty Pleas and the New York Fed’s Blinders Pam Martens and Russ Martens
Blackstone Buys a Piece of Hedge Fund Magnetar Wall Street Journal. Aieee…a bigger, better crime syndicate. Lambert’s comment: “It’s like investing in a meth lab.” My response: “Yes, and Blackstone has concluded meth manufacture is lucrative”
Do we really need fund managers to save the CDS market? Nick Dunbar (Richard Smith)
OBL’s Story Lives
An Economics to Fit the Facts Barry Eichengreen, Project Syndicate (David L)
US Economy Collapses Again Counterpunch
Get Used To It Tim Duy
Why subsidize data centers? Angry Bear
Antidote du jour (Lance N(. This looks to be a little too literal as far as the Democratic Party is concerned.