A few interesting items for your reading pleasure:
• U.S. Downgrade May Cost $100B a Year: JPMorgan (Bloomberg)
• The 400 Richest Americans Pay An 18% Tax Rate (Forbes) see also Dynasty Trusts Let U.S. Wealthy Duck Estate, Gift Taxes Forever (Bloomberg)
• Once Unthinkable, Breakup of Big Banks Now Seems Feasible (Deal Book)
• Facing criticism, MERS cuts role in foreclosures (Reuters) see also Internal Doc Reveals GMAC Filed False Document in Bid to Foreclose (Pro Publica)
• News Corp., Hackings and the Story I Missed (Bloomberg)
• Which Is in Worse Shape, U.S. or Europe? (Economix) see also U.S. Rating Rests On S&P’s View of Washington (Bloomberg)
• After the debt-ceiling standoff is resolved (Washington Post) see also The Debt Crisis’ Greedheads, Fountainheads, Godheads, Airheads, and the Rest of Us (Talking Points Memo)
• Online Music, Unshackled (NYT)
• Global warming denialism? It ends now. (Science Blog)
• Joss Stone: LP1 (Paste Magazine)
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