TJ Marta tells it like it is on Tech Ticker: Bailouts for Everyone, But Who’s Going to Rescue Uncle Sam? (Thanks to Trent for the link.)
KAF sent this: Swiss banks drop U.S. clients due to UBS case
Greg C. and GG both sent this: US lurching towards ‘debt explosion’ with long-term interest rates on course to double
Items from The Economatrix:
Oil Falls 4% on Economic Recovery Concerns
Stocks Mixed Amid Conflicting Economic News
Dollar Discomfort Thrust Onstage for Italy Summit
As Retailers Cut Back, Cities Confront “Ghostboxes”
US Service Industries Contract at Slowest Pace in Nine Months
India Will Borrow Record $93 Billion to Fund Budget; Stocks, Rupee Decline
World Stocks, Oil Down Amid Waning Recovery Hopes
FDIC Faces Tough Balancing Act as it Deals with Wave of US Bank Failures “The Federal Deposit Insurance Corporation on Thursday proposed new policies that could chill private-equity interest in buying struggling and failed banks.”