Friday Links

• The above is euro-area construction.  The last month is up slightly, but it's certainly not enough to declare and end to the down-trend.
• The spread between WTI and Brent oil prices continues to narrow (indicating that the infrastructure to bring oil from the US tight oil boom to market is catching up).
• I guess the President has essentially confirmed my theory that Snowden was a hacker for the government.
• NSA surveillance programs considered criminal.
• Chinese wind power company stealing US software and ending up in court.