Financial News Update – 05/25/10

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OBAMA REDISTRIBUTION VICTORY: PRIVATE PAY PLUMMETS, GOVT HANDOUTS SOAR

Dow plunges 200+ points in first 2 minutes; Falls below 10,000

World stocks plummet on renewed Europe fears

Gold Rising; Speculators buying faster than producers can mine

Sen. Gregg: Financial Reform Bill Is ‘Disaster’

US Plays Down European Crisis but China Worried

California Dems Unveil Tax-Increase Package

Feds Fight Health Care Law Mandate Suit

Cash for Clinton in U.N.’s Haiti Budget?

Home Prices Drop .5 Percent

No Consequences for Gov’t Employee Shopping Spree

The Next Bailout: $165B for Unions (Hat Tip: Brian B.)

Obama to snatch up to 75% of your income

Obamacare’s Cooked Books and the ‘Doc Fix’

Pass a Budget or Take a Pass?

Private sector pay shrinks to the lowest in US history

Chilling Economic News

Gingrich: U.S. Government Is Next Bubble to Pop

GE CEO: Europe ‘Teetering’ on Edge of Economic Disaster

SurvivalBlog:

Is Your IRA or 401K a Target of Government Appropriation?

British Expert: Great Depression II is Possible.

California pension fund asks state for additional $600 Million.

Crisis in Europe raises ‘double-dip’ recession worries

Chrysler Adds 1,100 Jobs At Detroit Jeep Plant

Even A Trillion Can’t Save The Euro

City Fears “Great Depression Mark II”

German Finance Minister: Markets Out Of Control

Loan Demand to Buy US Homes Sinks to 13-Year Low

Sears and K-Mart To Offer Cash-For-Gold Service.

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