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 …