Economics and Investing:

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Welcome to the Third World, Part 7: Bye Bye, Public Services. (Kudos to H.L. for the link.)

Also from H.L.: Two Spanish Towns in Hock as Banks Cope with $250 Billion in Bad Loans

The Political Euro Revolt Spreads To Austria: “Europe Can Only Function If Every Country Has Its Own Currency”

Items from The Economatrix:

Banking Damage:  ATM, Checking And Overdraft Fees Rise In 2012

Max Keiser:  We’re In A Financial Holocaust

Why More States May See Gas Prices Above $4

Six U.S. Cities on the Edge of a Fiscal Cliff