Financial News Update – 05/21/09
May 21st, 2009 by
SACBEE SCOLDS VOTERS, THEN HIDES AFTER LIMBAUGH CALLS THEM ON IT
The incredible shrinking dollar
Waxman-Markey Admits Waxman-Markey is a Jobs Destroyer
Cap and Trading Your Job In for Unemployment Insurance
The TARP Bailout Parade: Is California Next?
Tit for Tat, “Buy American” Starts Backfiring
The Obama Administration’s $2 Trillion Health Care Fantasy
Morning Bell: California’s High Tax, High Spending Disaster
U.S. Rescue Aid Entrenches Itself
‘Regulatory czar’ nomination clears Senate panel
Jobless Claims Set Another Record
CBO: Unemployment will keep rising through 2010
Feds give $50M in aid to towns hit by auto layoffs
Dems to introduce ‘Paid Vacation Act’
Britain’s debt outlook lowered to negative
Day of reckoning for US dollar
GMAC to Get $7 Billion From Gov’t, Surrender Control
Walesa: no global crisis, only faulty banking
PAPER: Stimulus Spending transparency not what promised
Budgeters Predict 10.5 Percent Unemployment Rate
From SurvivalBlog:
The Economy’s Search for a “New Normal”
Europe in deepest recession since War
Japan – Major banking groups report massive losses
When The World Steps Out Of A 60-Year-Old Referential Framework
As Detroit Crumbles, China Emerges as the Auto Epicenter
Don’t Count On China to Rescue the World Economy
Was The Bank Bailout Even Necessary?
BofE Makes 1 Billion Pound Profit Off of Financial Crisis
Companies Face Higher Derivatives Hedging Costs
Time to Get Out the Wheelbarrows? Another Look at the Weimar Hyperinflation




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