Financial News Update – 04/16/10

‘CAP AND TAX’ IS BACK! Senate climate bill to be unveiled April 26

California jobless rate hits modern record at 12.6 pct

New jobless claims ‘unexpectedly’ soar

Rise for second straight week

Soros warns on market crash

Foreclosure rates surge, biggest jump in 5 years

Homeless ‘Tent City’ Settlers In Get Reprieve

OPEC will step in ‘if oil price hits $100’

Fernandez Ends Argentina’s Nine-Year Default With a $20 Billion Debt Swap

GE: $0 U.S. Tax bill

GOLDMAN SACHS rallies for Obama in Wall Street ‘reform’?

SEC accuses GOLDMAN SACHS of civil fraud

Obama makes light of anti-tax protests

SEC Charges Goldman, Dow Dives

‘It’s All Your Money’ CALCULATOR: Unemployment

VAT: The Next Big Tax Increase?

33 States Saw Jobs Rise in March, 17 Had Losses

STOSSEL: American Welfare State?

U.N. Blasted for Pricey Peacekeeping

Nonbinding Senate Vote Condemns Value-Added Tax (Hat Tip: Brian B.)

PARP: TARP On Steroids

Study finds “Policing for Profit” a national problem (Hat Tip: Jean Stoner)

Harry Reid to bring financial overhaul to the floor

Sen. Harkin proposes $23 billion bailout for schools

Count Down to the Good, the Bad, or the Ugly

Video of the Week: Three Reasons Why Public Sector Unions are Killing the Economy

How Romney Could Kill the ObamaCare Repeal Movement

$4.00 A Gallon Gasoline By The End Of 2010? How In The World Are Average Americans Going To Make Ends Meet If This Keeps Up? (Hat Tip: Brian B.)

“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” – Vladimir Lenin

Breyer: Health Overhaul Could Come Before Court

Fed Officials Hint at Repeat of ‘Extended Period’ Pledge


Foreclosure Rates Surge, Biggest Jump in Five Years

Expert: Bear Market Can Last for Another Five Years

IMF Prepares For Global Cataclysm, Expands Backup Rescue Facility By Half A Trillion For “Contribution To Global Financial Stability”

Rise in Jobless Claims Underscore Wobbly Recovery

Stocks Edge Higher on Mixed Reports, UPS Outlook

Low Stock Market Volume: It’s Even Weaker Than You Think

Oil Jumps to $86 a Barrel

Treasurys Slump After Bernanke, Beige Book Bond Report

Oil Above $80 Could Stall Global Economic Recovery


Foxnews Execs Yank Hannity From Cincinnati Tea Party Rally

Hat Tip: Brian B.

From WND:

Last week, News Corp boss Rupert Murdoch said before a Washington, D.C. crowd that Fox News should not be supporting the movement.

“I don’t think we should be supporting the Tea Party or any other party,” he said. Earlier this week, the network published an article to its website that was semi-critical of the tea party.

Read more – Fox pulls Hannity from tea-party rally

From Hot Air Pundit:

This is Foxnews Hannity exactly at 9:00p.m. back in the NY Studio with Fred Thompson who was also supposed to be with him in Cincinnati

Foxnews Execs Yank Hannity From Cincinnati Tea Party Rally