From veteran blog content contributor GG: A $4 billion Postal Service bailout
Also from GG: Ten reasons for an imminent stock market crash
Reader mark S. flagged this: Another housing slump coming? Analysts say 7 million soon-to-be foreclosed properties have yet to hit the market.
Items from The Economatrix:
Simmons (Mattress) Plans to File for Chapter 11 Bankruptcy Protection
Housing Crash to Resume on Seven Million Foreclosures
The Long Slog: Out of Work, Out of Hope
Volcker Unleashes Another Volley on the Wizards in Wall Street and D.C.
Rare Earths are Vital and China Owns Them All
US Issues $7 Trillion Debt, Supply to Stabilize
UK: Now That It’s Down to Politics, the Crisis is Starting to Turn Really Ugly