Here’s a deeper dive into the consumer price index data released yesterday morning – Reuters and WSJ and Bloomberg

And some thoughts on inflation and how it affects everything from building materials to chicken – NYTimes and Marketplace

In our increasingly connected global economy, a $1.8 billion dollar fraud at India’s Punjab National Bank can’t remain a local problem.  Prepare for the ripples – NYTimes

Nordstrom’s doing what it can to fight the seemingly inevitable decline of many retailers in the face of online competition. The family-run company has been revamping stores, amassing e-commerce companies, and launching new concepts. It’s not quite working yet – WSJ

White Collar Watch weighs in on the need for a Congressionally created crypto-cop and whether the regulatory responsibility should be shoehorned into existing agencies or land in a new group altogether – NYTimes

A one-time accounting charge due to the reduction in the corporate tax rate cost Fannie Mae dearly and will force the mortgage-finance giant (still under government conservatorship) to seek a taxpayer infusion of $3.7 billion because of the loss – WSJ

Finra’s internal docs on “layering”—a manipulative trading technique—will remain private after a NY federal judge ruled yesterday that disclosing them could undermine the regulator’s law enforcement work – Law360

As for that promised carried-interest tax loophole closure? Still working on it – WSJ and Bloomberg

Though Timothy Wu’s “How to Fix Olympic Hockey” was directed more at the lack of NHLers in the Games than at the appalling overtime loss our boys were handed by Slovenia (SLOVENIA) yesterday, we’ll give him the floor anyway.  Of course, one could just focus on our amazing US women instead – NYTimes