Here are links I found interesting on August 12, 2011:

• Groupon amends IPO filing to remove odd accounting – Read about it in Business Week.
• Groupon’s loss jumps in second quarter – “Groupon Inc.’s second-quarter loss more than doubled as it hired more than 1,000 new employees, even though the Internet daily deals company trimmed back its marketing costs.” Read more in Crain’s.
• Groupon IPO: Could the company really be worth $30 billion? – While investors may be stupid, analysts usually aren’t. Did anyone really fall for Groupon’s creative accounting? Read about it in Slate.
• Michele Bachmann’s inaccurate recounting of the debt-ceiling saga – The Washington Post fact-checks Michele Bachmann’s latest claims. Should we be surprised that she got it wrong?
• FACT CHECK: Republican debate strains some facts – “Michele Bachmann cast her opinion as a settled fact when she told the Republican presidential debate Thursday that a key element of President Barack Obama’s health care law is unconstitutional. And Mitt Romney danced around an attempt to learn why he stayed largely mum on the epic debt limit standoff between Obama and Congress.” Read the details here.
• Republican Debate Fact Check: United States Credit Rating – “As they tried to blame President Obama for the nation’s lowered credit rating, the Republican presidential candidates who squared off Thursday night in Iowa made several misleading, incomplete or simply false claims.” Get the details from the NYTimes Caucus blog.
• Mitt Romney gets another Pants on Fire for saying we’re ‘inches away’ from not being capitalist any more – I think we need to start spreading the word when political candidates LIE to us during debates, ads, appearances, etc. Saying something doesn’t make it true. STOP LYING TO THE AMERICAN PEOPLE.