- If Greece gets fixed, who’s next in line? “The hazard here is that countries, seeing the Greek precedent, refuse to take tough fiscal steps unless the path is sweetened by Germany and France,” Reuters blogger Felix Salmon says. “This isn’t the end of the euro crisis: it’s only the beginning.”
- New York Times posts decent quarterly results, at least by newspaper standards. MediaMemo blogger Peter Kafka gathers commentary from the earnings call about ad sales and pay walls.
- US trade gap widens more than expected. “Overall trade continues to increase, although both imports and exports are still below the pre-financial crisis levels,” Calculated Risk says.
- California’s debt problems makes PIIGs look miniature. “Perhaps the solution to California’s woes is for Arnold Schwarzenegger (who is from Austria) to join the EU,” Barry Ritholtz writes. “Then, they might qualify for a bailout from Germany.”
- Google says it’ll begin selling ultra-fast Internet access to consumers, a test that could threaten telecom companies’ grip and demonstrate new uses of the Web, WSJ says.
- Looking for robust growth in consumer spending? Last Friday’s report on consumer credit should give you pause, Atlanta Fed’s Macroblog says.
- Google Buzz proves exactly why Google originally wanted Yelp so badly, according to The Big Money.
- Footnoted plans to expand post-Morningstar deal.
- Populist outrage “will persist until economic conditions improve, labor markets in particular, and there is some sense that justice has prevailed,” Mark Thoma says.
- Coupons are back in fashion, which certainly says a lot about this economic recovery.
- Northeast was pounded by a blizzard that halted transportation, knocked out power, collapsed roofs and brought the federal government to a virtual standstill, WSJ reports.
