B.B. sent this: Where Borrowing $105 Million Will Cost $1 Billion: Poway Schools. A 40 year bond. What insanity! This typifies the institutionalized myopia of California.
Is The Greek Calamity Economy Headed For Revolt? “‘Dire’ is no longer the right word to describe the situation in Greece. Unemployment hit 23.1% in May…”
Heads I Win, Tails You Lose: Goldman Sachs: No CDO charges by SEC. Once again, bankers are told implicitly told that they can gamble recklessly with derivatives with no repercussions. Someday there will be a huge implosion…
Deep Schumer for scrap metal thieves? Sen. Schumer aims to make metal theft a federal offense
Items from The Economatrix:
Stock Market Crash 2013: What The “Hindenberg Omen” Tells Us
Jobless Claims Fall in Sign U.S. Job Market Mending