The Browser

1 Announcing the Apple iProduct

2 Is the US Reaching a Strategic Default Tipping Point? Yves Smith: "The longer the real estate bust continues, the more deeply underwater borrowers will think hard about the costs of upholding their side of a deal"

3 Greece rattled by 'hidden debt' controversy. Ambrose Evans-Pritchard: "A commission of experts tells the country's parliament it has uncovered €40bn of hidden debts"

4 Our Incredible Shrinking Democracy. Robert Reich: "Even if the economic emergency justified such secrecy – and it’s hard to see exactly why it would – the emergency is over, and yet closed-door decision making continues"

1 Should Germany bail out Club Med or leave the euro altogether? Ambrose Evans-Pritchard: Either Europe's paymaster agrees to underwrite a Greek bail-out, or the euro will start to unravel"

2 A Greek [Default/Bailout]: Flowcharting The Dominoes. Tyler Durden: "The EU will soon have to move away from empty rhetoric to decisive action; should it wait any longer, the market, just like in the Lehman bankruptcy, may very well take any optionality away from the Brussels bureaucrats"

3 Volcker Does Not Get It. Yves Smith: "His remedies would work for the industry circa 1990, but look anachronistic for the world we live in now"

4 “Populism”. Simon Johnson: "The fact that dramatic banking reforms would be popular does not make them populist. It merely means that a broad cross-section of our population has woken up to part of our appalling reality"

1 France stuck to its ideals while the US and UK became socialist monsters. Vincent Fernando: "The reality is that France showed the most spending restraint of all nations during the financial meltdown"

2 Paulson, in Memoir, Defends Bailout. Peter Lattman: "He confessed to missing the housing bubble, and he regretted saying in a speech in April 2007 that subprime mortgage problems were 'largely contained'"

3 iPad: forget the old people—it’s a chick magnet. Baruch: "As an appliance, iPad has the potential to tap a much greater prize, that vast hard-to-reach segment of consumer tech: busy, empowered women"

4 A Colossal Failure Of Governance: The Reappointment of Ben Bernanke. Simon Johnson: "Do not be surprised if pushing Bernanke through, come what may, was the beginning of the end for any serious attempt at reform"

1 "Enron", Noël Coward Theatre, London. Lyn Gardner: "Lucy Prebble's all-singing, all-dancing morality play about the collapse of Enron, the energy company, is a piece so confident it's astonishing that it is only her second play"

2 The hindered haircut. Henney Sender: "What the AIG drama exposes is that much of the recent innovation on Wall Street was dedicated to creating assets that barely traded and whose values were determined almost exclusively by computer models used by the banks and rating agencies"