1. Nice, fairly balanced account of the past and present of the Spanish royal family, by Bob Colacello on Vanity Fair.
2. John Cochrane works seriously through the new-Keynesian model to show how absurd some of those liquidity-trap implications can be. Hint: there is more than equilibrium in this model, and you may be picking the "wrong" one. Blog post. Paper.
3. All that student-loan money gets spent somewhere (from Al Jazeera America).