Bloomberg - BP released a report taking partial responsibility for the Deepwater Horizon disaster. Also to blame? Everyone else.Still, an interesting look at exactly what happened in the days leading up to the explosion. I have learned more about drilling than I ever thought I would.
WSJ - After an emergency meeting this morning, Japan has pledged to use trillions of yen to limit the rapid increase in the yen. Japan's very fragile recovery is largely based on exports. A strengthening yen makes exports less competitive on a price basis. You can understand their concern.
The Big Picture - Excellent, succinct summary of week's events (as always).
Bloomberg - Bernanke's speech in Jackson Hole. Pretty much a non-event. Elaborated how the Fed could act further in the event of further economic deterioration. The most salient point (to me) was that the Fed cannot do this alone. I interpret this as a very polite way of saying that monetary policy can't help much if fiscal policy, housing, consumer demand and bank lending are all working against it. But that is my interpretation.
Mark's Daily Apple - Mired in Media - Discusses the three day rule behind unplugging from technology once in awhile and also some of the detriment of attempting to multi-task.
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