The End of Hummer, and Other Reading

Good morning.

GM said a deal to sell its Hummer line fell through, and the company will "begin the orderly wind-down of the Hummer operations." You can make up your own line here about how the vehicle that was the symbol of the boom is now the symbol of the bust. Sales are down 78% this year, the Detroit News reports.

Forget Greece: Spain could be the real worry for the Euro, the WSJ says. "The euro zone's No. 4 economy, Spain has an unemployment rate of 19%, a deflating housing bubble, big debts and a gaping budget deficit. Its gross domestic product contracted 3.6% in 2009 and is expected to shrink again this year, leaving Spain in its deepest and longest recession in a half-century." Yikes.

India, on the other hand, is on fire. The country's economy is projected to grow by more than 8% in the coming fiscal year, Bloomberg reports. Of course, rapid growth often brings inflation. And, as the FT notes, food prices in India have risen 18% in the past year.

Listening to memos on the iPod while jogging home from work: A cost-benefit analysis from Peter Orszag, in this interview with Politico.



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