Good morning. A lot of news on Greece over the weekend. Almost none of it good: a referendum, the freezing of ELA and more: European stocks expected to take a plunge today:

http://www.bloomberg.com/news/articles/2015-06-28/ecb-said-to-see-greek-bank-holiday-needed-as-ela-dries-up
http://www.reuters.com/article/2015/06/29/us-markets-global-idUSKCN0P815D20150629?feedType=RSS&feedName=businessNews&rpc=69
http://www.ecb.europa.eu/press/pr/date/2015/html/pr150628.en.html
http://www.ft.com/intl/cms/s/0/49775bac-1d83-11e5-ab0f-6bb9974f25d0.html?siteedition=intl#axzz3eHfVhuG8
http://www.scribd.com/doc/269899736/EC-June-26-Proposal
http://www.businessinsider.com/the-economist-on-greece-2015-6

An ominous sign: China and statistics
http://www.afr.com/markets/market-data/hsbc-dumps-china-pmi-as-beijing-tightens-information-flows-20150626-ghwa1o

Debt leads to a bigger negative impact of bubbles

http://www.bloombergview.com/articles/2015-06-26/the-reason-debt-bubbles-are-worse-than-stock-bubbles

Darn! Didn’t make it to the top ten!

http://uk.businessinsider.com/countries-mentioned-by-sp-500-companies-2015-6

Cool chart on the state of the world economy through time

http://www.ritholtz.com/blog/2015/06/em-hold-back-growth/

Capital flight is restricted to only one country, this time

http://ftalphaville.ft.com/2015/06/26/2133076/capital-outflows-then-and-now/

Poverty around the world

http://www.economist.com/blogs/freeexchange/2015/06/multidimensional-poverty

Some inretesting charts and comments on the breakdown of US income

http://ftalphaville.ft.com/2015/06/26/2133005/the-changing-nature-of-americans-income/

Water is booming business!

http://www.buzzfeed.com/johnlingan/a-deep-dive-into-the-worlds-most-prestigious-water-tasting-c#.ok4BGg1g2

And while on the subject of water: look at this water scam…

http://nautil.us/blog/the-chemistry-and-psychology-of-turning-water-into-wine

And, as always, the US schedule for the week to come!
http://www.calculatedriskblog.com/2015/06/schedule-for-week-of-june-28-2015.html

A complete overview of all previous editions of Best of the Web can be found herehttp://tinyurl.com/c8ge4c5. All links provided are collected from public websites, unless otherwise specified. I have not checked the data or information for accuracy used, and therefore do not guarantee that all data provided will be 100% correct. The links provided do not necessarily reflect my personal opinion and should be seen as general interest: oftentimes I do not agree with arguments presented, but nevertheless think it is worthwhile to read them. It is up to the reader to make up their own mind. Suggestions or discussions are more than welcome. Do not quote unless specifically cleared beforehand!