Financial News Update – 05/13/09

White House forecasts higher budget deficit

Is America About to Go Broke?

WSJ Video: Dow 4,000 Still in the Cards

Commodities – Shortages stir coffee and sugar prices

Where are Argentina’s coins?

US Red Ink Rises Even Higher, $1.8 Trillion

Chinese Deflation Picks Up Speed

Local UK Governments Lose 2.5 Billion Income

Enjoy The “Rally”…Sucker Punch Coming

Stiglitz: Green Shoots? Don’t Speak Too Soon

GM Shares Drop to Lowest Since Great Depression

US Banks Brace for Credit Card Write-Offs

Fed Dread: The New York Fed is the most powerful financial institution you’ve never heard of. Look who’s running it.

Despite Signs to the Contrary, Real Estate Will Get Worse

Administration to Unveil Plan to Regulate Derivative Markets

Alarm Sounded On Social Security

States to feds: Stay in D.C.! – $11 trillion ‘micromanaging’ price sparks explosion in sovereignty movement – Hat Tip: Carolyn Cooke

Big Labor’s Investment in Obama Pays Off

Recession Drains Social Security and Medicare

U.S. Eyes Bank Pay Overhaul

Social Security: Can’t We Wait Until 2037 to Solve That Problem?

The Benefits of Waxman-Markey

The Costs of Waxman-Markey

When Pigs Fly

President Obama Still Running Auto Companies

Morning Bell: The Recession Did Not Create Our Entitlement Crisis

Top Banker Warns: Expect European Union to Print Euros


Congress under pressure as GM bankruptcy possible

Retail sales drop in April

Obama Eyes Bank Pay Overhaul; Curb Compensation Across Finance

Kremlin: Battles over energy may lead to wars

MEDIA BAILOUT BEGINS: State OKs tax cut for newspapers

Republican govs plan ‘Tea Party sequel’

WSJ: ‘The Obama administration’s behavior in the Chrysler bankruptcy is a profound challenge to the rule of law’


NYT: ‘Relatively little’ stimulus spending so far

AIG CEO: Insurance Giant Remains Toxic After Bailout

Foreclosure Filings Set Record

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