Economics and Investing:
Bailout nation continues: Schwarzenegger to seek federal bailout of California on threat of deep cuts. (Thanks to GG for the link.) Also from GG: Austria nationalises Hypo in ECB-backed rescue deal because of “systemic importance in the former Yugoslavia”. Items from The Economatrix: Fitch: Britain and France Risk Losing AAA Rating Thrifty Families Accused of Prolonging the Recession UK: Families Hit By Worst Wages Crash in 50 Years By way of Steve Quayle‘s web site: National Irish Bank Stops Handling Cash Lack of Bank Liquidity Threatens Commercial Real Estate Market States’ Jobless Funds Going “Absolutely Broke” Economic Data Dump For …