QUICK OVERVIEW

• MoM U.S. consumer sentiment declined to 82.1 from July’s 85.1.
• Chicago PMI rose to 53.0 from 52.3 in July.
• Consumer spending barely rose in July, the first month of the third quarter, indicating little change in the U.S. economy's mild pace of growth.

• China returning to full speed? China official manufacturing PMI rises to 51 in August a 16 month high.

• The United States' High Plains Aquifer — a vast underground reservoir that stretches through eight states, from South Dakota to Texas, and supplies 30 percent of the nation's irrigated groundwater — could be used up within 50 years, unless current water use is reduced, a new study finds.

• NSA Says It Can’t Search Its Own Emails The NSA is a "supercomputing powerhouse" with machines so powerful their speed is measured in thousands of trillions of operations per second… But ask the NSA, to do a seemingly simple search of its own employees' email? The agency says it doesn’t have the technology…
• However, a document seen by SPIEGEL reveals that the NSA  spied successfully on the French Foreign Ministry and news broadcaster Al Jazeera - the technology worked fine.

• The Most Efficient Health Care Systems in The World: among the 48 countries included in the Bloomberg study, the U.S. ranks 46th, outpacing just Serbia and Brazil - worse than China, Algeria, and Iran.

• Radiation levels around Japan's Fukushima nuclear plant are 18 times higher than previously thought, Japanese authorities have warned.

• (MarketWatch) -- August was the worst outflow month in more than three years for U.S. exchange-traded products, according to preliminary data from No. 1 ETFs provider BlackRock Inc. U.S. ETFs saw $16.1 billion in redemptions through Thursday, representing the biggest outflow in one month since $17.1 billion exited in January 2010. The largest ETF was the main driver, as the SPDR S&P 500 endured $13 billion in August outflows, BlackRock said.

• (Guardian) General patterns suggest that internet users in the UK deliberately access online pornography more frequently than they access all social networking sites put together..

• (Reuters) - British manufacturers are planning the fastest increase in capital investment in the year ahead since before the financial crisis, a survey showed, suggesting the economy could be heading for a more balanced recovery.