Unemployment in California at 12%, Highest in Nearly 70 Years [1]
GG flagged this: UK Public debt hits £800 billion – the highest on record [2]
Tom B. sent this item: Charts predict: “Risk of Full- Fledged Dollar Crisis” [3]
Items from The Economatrix:
Obama: G-20 Good Time to Assess Economy [4]
Low Expectations for New Loan Help Program [5]
Regulators Seize Two Banks; 94 Failures This Year
Irwin Financial’s Two Bank Units Seized [6]
Ohio Town Struggles After Package Giant DHL Leaves [7]
Meredith Whitney: “Roaring Recover”? Unlikely
Fed Eyes Sweeping Bank-Pay Regulations [8]
Summers: Troubled Firms Should be Allowed to Fail
Obama Adviser Blasts Big Business Ads [9]. Larry Summers, top Obama economist, blasts ad campaign opposing proposal to create agency to protect financial consumers.
Chapman: The Looming Global Debt Crisis
Is the Fed’s Money Pumping Inflationary? [10]
Deflation, Falling Velocity of Money Ensures Printing Presses Will Keep Running [11]
Missing Lehman Lesson of Shakeout Means “Too Big to Fail” Banks May Fail [12]