Economics and Investing:

Ex-Cop Loses Bank as Dutch Critic Spurs Withdrawals. (A tip of the hat to Karen H. for the link.)

Jonathan H. flagged this: DOW 10,000!!!! Oh Wait, Make That 7,537. Jonathan’s comment: Due to reduced buying power, the current DJIA at 10,000 is equivalent to only 75% of when the DJIA went through 10,000 a decade ago. Additionally,back then $10,000 would have bought 30 ounces of gold; now its only 10 ounces.

Items from The Economatrix:

California Bank Becomes 99th Closure

Financial Meltdown in the Decade of Greed

Food Giants Cut Back on Size But Price Remains the Same

Bankers Should Stay Worried: We’re Watching

Asian Stocks Gain a Second Week on Commodities, Economic Reports

Hedge Fund Chief Charged with Fraud

California Job Losses Continue to Climb

Corporate America Worried About Sinking Dollar

Bonuses Put Goldman Sachs in Public Relations Bind

Sorry, No Jobs. This is California
. State’s employers expected to keep cutting staff in 2010.