Economics and Investing:

G.G. flagged this: The Austerity Myth: Federal Spending Up 5% This Year

Greece Faces ‘Hellish Week’ as Debt Crisis Tests Nation. (Thanks to Alice C. for the link.)

Also from Alice: Berlin tempers summit hopes, banks under pressure

Items from The Economatrix:

10 Essential Fiscal Charts Demonstrating America’s Disastrous Condition

Wall Street Lower As Banks Drag On Germany, Earnings

Lowe’s Closes Stores, Lays Off 1,950 Workers