Economics and Investing:

Detroit Bankruptcy a “Game-Changing Event,” Meredith Whitney Says

Square Goes Bent on Bias: Mobile Payment Company Says No to Guns

G.G. flagged this:Bond Losses at Federal Reserve Top $192 Billion. The article begins: “The yield on 10-year U.S. Treasuries has surged 66% over the past three months. And bond investors, especially those with jumbo-sized positions, are getting hammered. How much money has the Federal Reserve lost?”

Also from G.G.: US regulators ‘find evidence’ of banks fixing derivative rates

Items from The Economatrix:

Marc Faber On Central Banker Actions: “Insane People Don’t Realize They’re Insane”

The When: “The Economic Collapse Cannot Be Predicted By Looking at Stock Market Charts or Other Standard Economic Indicators”

The Most Important Number In The Entire U.S. Economy

The Secret Sauce in the July Jobs Report