* Eurozone update: German finally dinged by years-long credit crisis. Ratings cut.

* Geithner warns Germans: Playing chicken with austerity will increase cost of the crisis.

* LIBOR news: Probe expands to bank traders.

* Credit rating agency employee: We’ve learned nothing. “I am genuinely frightened.”

* More phone hacking fallout: UK prosecutors charge Brooks and Coulson.

* Media update: Harman family cedes control of Newsweek to Barry Diller.

* Silicon Valley pros: Your device might be hurting you.

* Penn State fallout: NCAA imposes a $60 million fine, vacates wins. School takes down JoePa statue.

* Obituaries: R.I.P. Sally Ride. Time looks back on her life.