From G.G.: The Aftermath Of The Global Housing Bubble Chokes The World Banking System.
Also from G.G.: “This debt is like a cancer,” says Erskine Bowles, co-chairman of President Obama’s debt and deficit commission
Richard S. spotted this: The Irish Leave the EU.
Do you recall my prediction of higher taxes–perhaps in some desperate and creative ways–to make up for state budget shortfalls? See: When Quinn the Governor gets here. (A hat tip to Tamara at the View From The Front Porch blog, for the link.)