1. $14.5 Billion looted from food fund, 350 million risk starvation, India. 2. Consumer deleveraging, mostly debt default. 3. Student loan bubble grows at Hyperinflationary rate. 4. Valencia meet Catalonia. Demands EUR3.5 billion in rescue money. 5. Nick Clegg, One-off rich tax, UK. 6. Mad market Thursday. 7. Merkel, quote genius. www.thefinancialreality.com