links for 2011-08-21

Sorry for the duplication. I am just switching the source automated links posting feature.

• China Construction Bank Posts Record $14.5 Billion Profit on Credit Demand
  China Construction Bank Corp., the world’s second-largest lender by market value, said first-half profit jumped 31 percent to a record as credit demand climbed.
  (tags: China banks earnings)
• Merkel Says Common Euro-Area Bonds Would Bring ‘Debt Union’ Not Stability – Bloomberg
  (tags: Eurobonds)
• In Defence of PIGS – Telegraph Blogs
  Readers have asked for a quick verdict on the Merkel-Sarkozy deal. I have nothing to say. There was no deal. It was a vacuous restatement of clauses that already exist in the Lisbon Treaty, or an attempt to pass off retreads such as the Tobin Tax and harmonization of the corporate…
  (tags: sovereign_debt_crisis)
• Rick Perry moves right on immigration
  Immigration advocates in Texas were heartened last year when the Republican governor, Rick Perry , flatly stated that Arizona 's crackdown on illegal immigrants "would not be the right direction for Texas."
  (tags: immigration)
• Strauss-Kahn Prosecutor Seen Dropping Charges
  Manhattan District Attorney Cyrus Vance Jr. will move to dismiss the sexual-assault charges against Dominique Strauss-Kahn because they would be difficult to prove beyond a reasonable doubt, former prosecutors predict.
  (tags: Dominique_Strauss_Kahn)
• US politicians 'must act to avert a recession'
  The United States must start tackling its long-term economic problems head on instead of relying on the Federal Reserve to revive the economy, according to one of Wall Street's leading economists who predicted the last recession.
  (tags: Rosenberg recession economy)
• Belgium adds to call for euro bonds, bigger bailout
  VIENNA/BRUSSELS (Reuters) – Pressure on Germany and France to take radical action on the euro zone debt crisis mounted on Friday, as financial markets sagged further and Belgium added its support to calls
  (tags: Belgium Eurobonds)