There was a fair amount of debate going into the Labor Day weekend about whether the Fed would move at all today, but then the jobs report came out showing a significant deterioration through the summer.

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The reality, underlined in this report, is that George Osborne has faced a big deterioration in the underlying state of the public finances since 2010, which he has decided to do almost nothing about this side of a general election.

BBC: Fiscal choices from IFS

For as even the Baker-Hamilton report said, a premature departure would almost certainly produce greater sectarian violence and further deterioration.

ECONOMIST: George Bush and Iraq

What strikes one about both the National Academy of Sciences report on the power grid, and the World Bank report on the state of the world climate is that both are really talking about similar things: a deterioration and vulnerability of our infrastructure, whether it be man-made or a natural.

FORBES: A New Report on Climate Change: The World Bank Tries to Wake Us Up