Hoisted from the Archives: Fiscal Policy for the Second Half of 2009
"Recovery Summer"

Liveblogging World War II: July 8, 1940

Tea rationing begins in Britain:

Naval battle Punta Stilo, Calabria: Sea War Mediterranean: Destroyer Escort torpedoed by Italian submarine Guglielmo Marconi in Western Mediterranean (she founders while in tow). Sea War Atlantic: Two destroyers and two torpedo boats - bought by Sweden from Italy and detained by British forces in Faeroe Islands - are bombed in error by British aircraft (damaged ships reach Sweden July 10). Home Front Britain: 9 BEF divisions, rescued from Dunkirk, have now been reorganized. Tea rationing begins (2 oz. per person per week).