Interesting argument from economist Daniel Gross, who suggests that the recession might teach America how to compete globally.

Quoted: A recession may be upon us, which would mean fewer jobs, declining tax revenues, and sinking consumer confidence.

A contentious statement from Bill Cosby. I think the writer does a good job of pointing out some of the flaws with his argument, while bolstering his better points.

Quoted: A few years ago, Bill Cosby set off a firestorm with a speech excoriating his fellow African-Americans for, among other things, buying $500 sneakers instead of educational toys for their children. In a recent book, Come On People, he repeats his argument that black Americans spend too much money on designer clothes and fancy cars, and don't invest sufficiently in their futures.

An interesting Economist piece on why the quick rise of the rupee could actually be problematic...

Quoted: Is India suffocating from too much foreign attention?

Wow, it's rare to see a country actually pay off its loans to the IMF and World Bank, let alone 5 years ahead of schedule.

Quoted: President Hugo Chavez announced he would formally pull Venezuela out of the World Bank and the International Monetary Fund, a largely symbolic move because the nation has already paid off its debts to the lending institutions.

Looks like India's economy is a hot topic today... I didn't realize inflation was so high!

Quoted: After three years of near double-digit growth, signs of a potentially dangerous inflationary spiral are beginning to emerge.