- The Economist looks at discontinued Olympic sports (tug-of-war got the ax in 1920, as did live pigeon shooting in 1900).

- Matt Yglesias weighs in against a tax break for Olympians. Howard Gleckman gets even more aggressive, dubbing the proposed tax break on medals the "dumbest idea of the summer."

- WSJ profiles Italian Prime Minster Mario Monti.

- Tim Worstall is starting a Kickstarter to fund his new book.

- Lena Dunham and Jon Hamm introduce the new New Yorker iPhone app.

- And the best news of the day: We have photographic proof that "Arrested Development" is underway filming its new season.