• At their last meeting, the monetary-policy wonks Federal Reserve got into a huge fight about whether to print more play money (U.S. dollars) or to just hope the economy isn’t plunging further into despair. [WSJ]
• Delinquent loans, which are a great way to lose a lot of money, are up at Citigroup’s CitiFinancial. That’s bad for CEO Vikram Pandit, who’s trying to restructure and sell the division for well over a year now. [Bloomberg]
• A spate of merger activity in August won’t help our horrible jobs market, and is probably more of a coincidence than a sign the U.S. economy is getting healthier. [New York Times]
• Germany has confirmed that in the second quarter, its economy grew at its fastest pace since the parting of the Iron Curtain. What’s the opposite of schadenfreude? Oh yeah, envy. [MarketWatch]
• Should the government have a say in how many boatloads of cash CEOs take home every year? Readers of The Economist are roughly split on the issue. [Economist]
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