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- GE second-quarter profits fall by 47% - "Earnings at NBC Universal were off by 41 per cent as advertising revenue plunged." No details on what CNBC's details were but they're part of team GE so a little bit of schadenfreude is in order here. [FT.com]
- Paging Ben Dover To Provide Taxpayer Funded Workplace Humor - We figured those Treasury guys were a lame bunch but this is ridiculous. [Zero Hedge]
- D-day in Latvia - Note to Latvia: If you want to stay in the game, you better do what the overlords at the IMF say. [FT Alphaville]
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