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Economics and Investing:

Thanks to reader GWC for this: U.K. Faced ‘Bank Runs, Riots’ as RBS and HBOS Neared Collapse [1]

GG spotted this key data point: Hours worked plummets to all time low [2]

Thanks to Damon for this news item: Venezuela inflation estimated at 26%, annually [3]. (Prices were up 2.5% in September. But don’t worry. Comrade Hugo has a plan.)

Mark G. found an interesting New York Times blog article: What Happened to Argentina? [4]

Items from The Economatrix:

UN Calls For New Reserve Currency [5]

Australia Rate Hike Good Sign for World Economy [6]

National Retails Groups Forecasts Weak Holiday Season

Weak Dollar, Strong Stock Market Push Oil Higher [7]

How the Dollar is Being Systemically Devalued Since the 1980s [8]

Stiglitz: GDP Blinded Us to the Crisis [9]

Report Questions Claims on Banks’ Health [10]

IG Report Finds Paulson, Bernanke Misled Public on Bank Rescues [11]

Weak Dollar Drives Gold to Record High $1,043.20
[12]
Global Aging Population Financial Crisis Brewing [13]

Weiss: Three Government Reports Point to Fiscal Doomsday [14]

Soros Says “Basically Bankrupt Banks” Restrain US [15]

US Rivals Plot to End Oil Trading in Dollars [16]

Banks 1, America 0 [17]

The End of the Dollar Spells the Rise of a New Order [18]

US Dollar Sinks After G7 Meeting [19]

Peter Schiff: The “Recovery” That Isn’t [20]