If a coalition headed by New Democracy and other parties that say they're committed to the euro (and to finding a way to keep the bailout deal) wins, that government would face a huge problem. Another 10 billion in austerity cuts would bring even more Greeks into the streets. The country might indeed become ungovernable. The government might fall almost immediately. And Greece would be headed out of the euro in August anyway.

After August, I think the Greek economy sinks ever deeper in to recession, the country cannot meet even looser austerity demands, and it heads out of the euro anyway.

Why Greece is headed out of the euro

12-year old Victoria Grant explains why her homeland, Canada, and most of the world, is in debt.

Victoria Grant - Public Banking Institute

Go to Burning Man, and you’ll find everything from a thunderdome battle between a couple in tiger-striped bodypaint to a man dressed as a gigantic blueberry muffin on wheels. But underneath it all, says the festival’s co-founder, Larry Harvey, is “old-fashioned capitalism.”

The main-street Republican values of ... Burning Man?

President Obama has been touting patents as a way to create jobs and increase U.S. competitiveness. “These are jobs and businesses of the future just waiting to be created,” he said of patent applications last September, “somewhere in that stack of applications could be the next technological breakthrough, the next miracle drug, the next idea that will launch the next Fortune 500 company.”

The President is mistaken—at least when it comes to the patent system as it relates to software patents.

Where are the jobs? Ask the patent trolls.

The once-popular game is suffering from boring grandmasters and controversial leadership.

Today, Anand, the current world champion, plays Boris Gelfand, an Israeli grandmaster, in the first game of the World Chess Federation (commonly known as FIDE for its French acronym) championship match in Moscow. While in India Anand is a national figure and in parts of Europe both players are relatively well-recognized, in the United States they are virtually unknown outside chess clubs or circles of enthusiasts. In part because of this, no one in America seems to be paying much attention to the title that once represented one of the Cold War's many battlefields. Chess has seemingly lost its cultural significance, abdicating its once revered spot to games like poker.

How America Forgot About Chess

JPMorgan announced that it incurred a $2 billion loss in a complicated trading strategy that involved derivatives, financial instruments that derive their value from the prices of securities and other assets. The bank most likely structured the trade in a way that magnified losses.

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Check out the diagram and see how JP Morgan bet against itself twice over.

At JPMorgan Chase, a Complex Strategy That Backfired

TEHRAN—Iranian president Mahmoud Ahmadinejad told reporters Thursday he was kind of getting back into old R.E.M. again, rediscovering his once-great passion for the alternative rock group's first six albums.

People don't give Lifes Rich Pageant enough credit, but it's really good—really good," said the Iranian ruler who has been widely condemned for his human rights record. "It's a great album to put on when you're traveling. When I went to the U.N. in 2005 to speak about Iran's right to develop nuclear power, I was listening to it all the time."

Recently, aides confirmed Ahmadinejad's relationship with Iran's supreme leader Ali Khamenei, who agreed with the president's remarks that Israel should be wiped off the map, had been strained after the ayatollah issued a fatwa declaring R.E.M. had "totally sold out" with the release of Green.

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A funny one by The Onion.

Ahmadinejad Kind Of Getting Back Into Old R.E.M. Again

Woldenstein 3D turns 20, and Bethesda is celebrating by releasing a free browser-based version.

Wolfenstein 3D Turns 20, Play it For Free in Your Browser

At America's top schools, graduates leave without reading our most basic writings on the purpose of constitutional self-government.

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This is sad to hear as it should be required reading.

Peter Berkowitz: Why Colleges Don't Teach the Federalist Papers

PBS FRONTLINE tells the inside story of the global financial crisis in a four part series. Great documentary! I highly recommend.

PBS: Money, Power and Wall Street