Economics and Investing:

B.B. was the first of several readers to mention this item: US financial system support up $700 billion in past year-watchdog. “Total US government financial system support seen at $3.7 trillion.” Yikes!

Brett G. sent this one: How to Upgrade an Old Phone into a Porsche.

M.E.W. spotted this: Why Are Banks Withholding Highend Repossessions Over $300,000 From the Market?

G.G. suggested the latest from The Mogambo Guru (Richard Daughty): Raising Taxes to Combat Recession: The Ultimate Fiscal Folly

Items from The Economatrix:

Stocks Drop as Bernanke Warns of Uncertain Economy

Firms Want to Rehire, Skilled Workers Scarce

Cities Rent Police, Janitors to Save Cash

Bernanke Must Appear Concerned, Not Desperate

China Cuts US Treasury Securities Holdings by $32.5 Billion