Write-Offs: 08.01.11
$$$Uneasy House Okays Debt Deal (WSJ)
$$$ "Reid also said there would still be a need for a comprehensive approach to narrowing the yawning US budget deficit -- 'not only yes, but hell yes'-- and stressed that Washington must move to a jobs agenda." (AP)
$$$ Meredith Whitney: Signs Of A Double Dip Have Emerged (CNBC)
$$$ "One JP Morgan Chase boss regularly lends his number two his Porsche for the weekend so the junior can impress at social occasions – weddings, visits from his French girlfriend etc. Disaster struck, however, when the trader got so drunk one weekend that he lost all his personal possessions: phone, wallet… and the keys to his boss’s car." (CityAM)
$$$Shooting victim Giffords returns for debt vote (Reuters)
$$$ Paul Kruman belts it out: How Can It Feel This Wrong? (NYT)
$$$ "It was like out of a porn movie," said shocked street vendor Ali Wafaa, 27, who has run a coffee cart in the area for 10 years. "I wish New York City would always be like that." (NYDN)