Economics and Investing:

Frequent content contributor B.B. spotted this: Offshore Gold Rush: AngloGold, De Beers hunt gold under Atlantic

Eric Rosenbaum asks: Should the US Raise Its Debt Ceiling… or Default? The piece includes this: “Treasury Secretary Timothy Geithner this week found himself in the unenviable position of representing the US government in the role of a delinquent credit card customer asking for a higher credit limit. In place of that line on a credit card account statement that reads ‘available credit’ insert ‘national debt ceiling.'” (Thanks to reader C.D.V. for the link.)

G.G. sent this: Bank intervention as euro debt crisis deepens

Geoff L. suggested this piece by Mish Shedlock: Budgetary Delusions: Federal Deficit Charts from CBO Budget Projections

Items from The Economatrix:

Telecoms Lead Stocks Lower ; Europe Falls  

Ford Plans To Hire 7,000 Workers By 2012  

California Braces for 59% Blue Shield Hike  

14 Stats on How US Economy Has Collapsed Since 2007  

Stock Plunge Causes Riots in Bangladesh, US Next?