Economics and Investing:

G.G. flagged this from Mish Shedlock: Illinois Doesn’t Pay Bills; Crisis Pushes Businesses to Edge of Bankruptcy

Also from G.G.: Germans lead gold rush frenzy

Chad S. sent this one: GM wants more subprime buyers; will lender agree?

Also from Chad S. come this article from Detroit, Michigan: Landscapers find workers choosing jobless pay

Items from The Economatrix:

Lloyd’s of London Warns of “Perfect Storm” Threat to Insurers

Markets Plunge as Merkel Delivers Euro Warning and Bans Short Selling

Congress Blocks Indiscriminate IMF Aid to Europe

US Housing Starts Jump, Wholesale Prices Fall

Stocks Slide After Investors Focus on Europe Woes

Federal Reserve Sees Slightly Better 2010 Economy

Consumer Inflation Vanishes, a Boon for Borrowers

Mortgage Delinquencies Drag on Economic Recovery

Oil Settles Close to $70, Halting 16-day Slide

One in Seven US Homeowners Paying Late or in Foreclosure