Counterparties
Morgan says its exposure to Spain is $500 million; a regulator says its $25 billion — Bloomberg
“Faced with two unappetizing choices, Greece seems intent on choosing neither” — New Yorker
Joe Weisenthal thinks this chart explains a lot about Greece — Business Insider
Why were people giving their money to MF Global in the first place? — Brad DeLong
Almost a third of jobless Americans have been out of work more than a year — Pew
15% of all Americans are on food stamps — WSJ Real Time Economics
Do more arts and humanities grads mean that college is oversold? — Marginal Revolution
Inside the transnational organ-selling gangs — Bloomberg
Big brands are just now learning that they can use Facebook for free — WSJ
Groupon spent nearly as much on marketing as Visa — AdAge
And AOL’s traffic is barely higher despite acquiring the Huffington Post — AllThingsD



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The Visa/Groupon advertising comparison, while technically accurate, may be a little misleading. This is just Visa’s own ad budget which is purely their brand advertising. All the customer acquisition for Visa cards is done by the acquiring banks and surely dwarfs this number and Groupon’s spend.