Heyward Isham.

Former US diplomat Heyward Isham died Thursday. He was a quintessential WASP establishment figure, serving his country in a variety of positions at the Departments of State and Defense and Central Intelligence. He embodied the very best of that breed. Warm, generous, shrewd and a fierce patriot, he died at 82 years of age. His funeral will be held on Friday, 26 June, in Bridgehampton, NY.

California Should Default.

Paul Kedrosky, a California resident, states the case.

Michael Lewis Discusses His Forthcoming Book.

As always, worth paying attention to. (via Clusterstock)

The Iranian Election in Pictures.

The Big Picture continues to be one of the best features of The Boston Globe.

Selling The Boston Globe.

How does a deal get done? Michael Wolff seems to be the only person in the media who understands the dynamics.

Public Debt.

The sheer size of public debt in the developed world is astonishing. The Economist lays out the facts. (via Kedrosky)