EIGHT @ 8: JULY 23, 2010 REVIEW

1. White House predicts record $1.47 trillion deficit. [The Washington Post from AP]
2. General McChrystal retires in military ceremony. [MSNBC from AP]
3. European Union banks survive stress test: Only 7 flunk 'stress' trial. [The Wall Street Journal]
4. Federal report faults U.S. Banks on huge bonuses. [The New York Times]

5. North Korea vows 'physical response' to US exercise. [BBC News]
6. Catholic sex scandal as undercover reporter 'films priests at gay clubs and having casual flings'. [The Daily Mail]
7. Pentagon workers tied to child porn. [The Boston Globe]
8. India unveils world's cheapest - $35 - laptop (Text & Video). [The Guardian]