Links from around the web this afternoon.
Christine Lagarde Selected As New IMF Chief
Pentagon Bought, Installed Chinese Microchips Made To Disarm U.S. Missiles
Fed May Keep Buying $300 Billion in Treasuries After QE2 - Bloomberg
Obama NY Fundraiser With Hedge Fund Bigwigs - $35,000 Per Plate
Europe looks for Greece contingency plan - FT
Among The Costs Of War: $20B In Air Conditioning
Pimco sees rising inflation for 3 to 5 years
Is the US in denial over its $14tn debt? - BBC
UPDATED CHART: Debt Ceiling Limits (1939- 2011)
CBO: Debt could grow to double GDP
New Documents Prove TSA Lied About Safety Aspects Of Full Body Scanners
Janet Tavakoli - Why Housing Prices Are Still Falling And Subprime Loans Are Sliding
Florida Governor Floats Huge Boondoggle for Banks - Yves Smith
Why Modern Economics Is "Pure Rubbish"
Misdirection in Goldman Sachs’s Housing Short - ProPublica