Economics and Investing:

Panetta Sounds Alarm on Cyber-War Threat: “It is the kind of capability that can basically take down a power grid, take down a water system, take down a transportation system, take down a financial system.”

Standard of living, meet falling US dollar – how a falling US dollar benefits banks at the expense of working Americans.

Prosecutors seek criminal charges in London Whale fiasco.

Charles Hugh Smith: About That “No Recession” Call…

Items from The Economatrix:

Roubini Foresees Spain’s Doomed Despite Bankia Nationalization

The Horrific, Worst-case Scenario for Spain

S&P Cuts Spain Crediting Rating To Near Junk

Jack Welch:  I Was Right About That Strange Jobs Report