Bad news on all fronts

• Investors shunned one of the most liquid and safest assets in the world yesterday as a German bond auction came close to failing in a warning sign for governments attempting to raise record amounts of debt to boost their slowing economies. here
• Harvard, the wealthiest university in the world, .. [it] would also postpone nearly all searches for tenure-track professors. here
• The world economy is in a terrifying nosedive, visible everywhere. Yet Mr. Steinbrueck is standing firm against any extraordinary fiscal measures, and denounces Gordon Brown for his “crass Keynesianism.” here