Financial News Update – 05/20/09

GMAC to Get $7 Billion From Gov’t, Surrender Control

Funds move to halt CHRYSLER restructuring; Indiana pension takes court action

Central bankers consider adding to Treasury, mortgage debt



UPDATE: Senate votes to block funds for Guantanamo closure

Dems seek financial rescue of minority-owned broadcasters

GE’s Immelt: Global Warming ‘Compelling’; Cap-and-Trade Most ‘Effective’ Way to Go

Schwarzenegger says he’s heard voters’ anger

Consumers face higher prices

PENNY ON EACH SODA: New York resurrects obesity tax

NIH Spends $178,000 to Study Why Prostitutes in Thailand Have High HIV Risk

Fed’s economic forecast worsens

Credit card crackdown a done deal

Why Raising State Taxes Will Fail

Pulp Fiction: On Page 781 of Waxman Cap-and-Tax Bill, a Response Guide for Mass Unemployment

Conservative Advisers: Inflation is the Answer

Former head of pension agency takes the Fifth

A Bit of Advice on Waxman-Markey: Beware the Lobbyists

Global Warming Bill Isn’t About Saving the Environment or Protecting the Consumer

The Waxman-Markey Global Warming Tax

Too Many Lobbyist Hands in the Cap and Trade Cookie Jar

Nasty NACA: The Housing Shakedowns Continue

Son of Waxman-Markey: Why More Politics Makes for a More Costly Cap and Trade Bill

New Progressive America or Tea Party Nation?

Morning Bell: The Waxman-Markey Pay to Play

From SurvivalBlog:

Brazil and China eye plan to axe dollar

The Destructive Implications of the Bailout – Understanding Equilibrium

Tax Revenues Tanking

Stocks waver after surprise drop in housing data

GM Bankruptcy Seen as All But Inevitable

Notes from Another Credit Card Crisis

Economy Limiting Services of Local Police

Obamarket Update #80: Jussssttt a Bit Outside

New Rules: Work ’til You Die

Condo Associations Dying as Fees Dry Up

Chrysler Expands Buyouts, Early Retirement Packages

Geithner: Economy Expanding But Jobs at Risk

US Workers Paying More For Healthcare

Hotel Crime Rises In Recession, But Hotels Say They Are Still Safe

Stocks Waver After Surprise Drop in Housing Data

Housing Construction, Permits Hit Record Lows

Oil Prices Bounce Above $60 in New York

American Express to Cut 4,000 Jobs

Jobless Horrors

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