Breakfast Links: August 10, 2011

— Democrats gain two seats in Wisconsin recall elections, leaving GOP with narrow majority.

— The Fed’s half measures.

— Bank of England cuts UK growth forecast.

— Michael Pettis on how China’s boosted investment by taxing households.


— Mark Cuban’s case against software and process patents.

— The time British Telecom almost persuaded courts that it owned a patent on hyperlinks.

— How the ECB’s strict inflation targeting is ruining everything.

— Kevin Durant in negotiations with a Turkish team.

— Ron Artest signing with English team.

— Why central banking is hard if you insist on doing it through nominal interest rates.