Wednesday Morning Roundup: Central Bankers' Retreat Will Be No Picnic

• The fact that the global economy has sputtered this summer will hopefully weigh on the minds of the world’s central bankers as they hold their annual summit this week in beautiful Jackson Hole, Wyoming. [MarketWatch

• Ireland, the country, is not at all happy that Standard & Poor’s cut its credit rating, partly because nobody likes to be called a deadbeat and partly because Ireland’s borrowing costs are rising as it tries to bail out its debt-addled banks. [Reuters]

• A new SEC rule expected to take effect today would make it easier for shareholders to hold CEOs accountable. CEOs are worried that the rule change is actually part of a broad conspiracy by the labor movement and other special interest groups to permanently shackle American businesses. [Financial Times]

• Automakers are starting to recall faulty and unsafe cars of their own volition, rather than wait for the government to shame them into doing so. [New York Times

• “Circuit breakers” went off at the London Stock Exchange Monday, averting a potential “flash crash” caused by a so-called “fat-finger trade” on shares in five British companies. Sadly, the circuit-breakers were unable to prevent an unusual spike in the deployment of trading-floor jargon and scare quotes. [WSJ]