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Economics and Investing:

KAF sent us this: National debt soars to highest level since WWII [1]

Thanks to RBS for spotting this: Oregon city turns off streetlights to save money [2]

Courtesy of reader John R.: Corruption Suspected in Airlift of Billions in Cash From Kabul [3]. (Gee, do you think it might be suspicious?)

I was doing some web wandering, and I found a fascinating history piece on AIG, and its parent company, AIC [4].

Items from The Economatrix:

Europe’s Banks Still on Life Support [5]

Roubini Says Greece Needs Orderly Debt Restructuring to Avoid “Inevitable Default” [6]

Britain “Might Not Cope with Another Bank Emergency” [7]

You Don’t Recover from a Debt Crisis with More Debt [8]

Fannie Mae to Charge Strategic Defaulters, with Everything [9]

How Does This Financial Panic Compare to Previous Panics? [10]

Mortgage Applications Rise 9% After Rates Fall [11]