1'China property plunge would barely dent CCB -report' - Reuters
A state directed banking sector surely has been disastrous for the PRC.
2'Pakistan flood aid from Islamic extremists' - UK TelegraphIt appears some political groups are serious about winning hearts and minds. But Pakistan's president has his kid at Cambridge so all is well.
3California to Issue IOU's - Zero HedgeSounds like money printing to me, illegal for states under the U.S. Constitution.
4Consumers Dropping Pay TV Services' - Investor's Business DailyThe internet will end up wiping out more modes of profitability than it engenders.
5'US forges closer military ties with Vietnam' - WSWS