Jasper M. sent word of the never-ending, ever-expanding Mother of All Bailouts (MOAB [1]): Krugman: U.S. Headed for Jobless Recovery [2]. “Nobel-Prize winning economist Paul Krugman said the nation is on course for a “prolonged jobless” economic recovery unless the Obama administration steps in with a second round of government stimulus money.”
Redaer Karen H. kindly sent the following items:
Weak US jobs data dashes quick recovery hopes [3]
G8 alone can’t solve world’s problems. [4] (This changes the players)
China wants diversified global monetary system [5]
Items from The Economatrix:
Credit Report Warns of Russia’s Imploding Banks [6]
A Bank Run Teaches Amish About Risks of Modernity [7]
Chase Cardholders See Hike as Raw Deal [8] Monthly minimum payments will more than double in August
Hotel Loan Defaults Double as Recession Cuts Travel [9]
India Joins Russia, China in Questioning Dominance of US Dollar
Asian Stocks Post Weekly Loss on Worsening Jobless Figures, Commodities [10]
Japan Backs Dollar as Reserve Currency [11]
IOU’s Spell Uncertainty for California Small Businesses [12]
Will California’s Budget Crisis Whack Your Munis? [13]
Many July 4th Shows Going Up in Smoke [14] For cities across the country, recession means less bang for holiday buck
US Job Losses in June Deeper than Forecast Declines in wages could unravel the recent stabilization we’ve seen
Pet-Supply Retailers Grow While Others Fade [15] Shoppers refuse to be cheap with their animal companions even when their wallets are thin. [JWR Adds: But veterinarians report that the euthanizing versus surgery rate is up substantially.]