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Financial News Update – 06/21/10
Jun 21st, 2010 by TMH
GOP: Interior Department ‘Extorting’ Millions From Border Patrol
UPDATE: Millionaires Tax Plan Fails in NJ
Report: California on ‘Verge of System Failure’
This Chinese Yuan Move Should Be A Huge Wakeup Call To Tim Geithner
Morgan Stanley: Here’s What Happened To Currency Markets The Last Time China Revalued The Yuan
Rosenberg: Here’s Why The Yuan Revaluation Is A Distraction And A Sideshow
A Blistering Ride Through Housing Market Hell: 14 Reasons To Fear The Ongoing Bubble
12 Charts That Show The World Going Nuts For The Revalued Yuan
Niall Ferguson: This Yuan Revaluation Is A Sideshow
Remember How We Saved The Banks So They Would Keep Lending To The “Real Economy”?
Here’s The Problem With Paul Krugman’s Plan To Fix Our Massive Debt And Deficit Disaster
Why Gold Has Now Re-Emerged As A Global Currency
The Chinese Currency Adjustment Is A Classic Rope-A-Dope
Meredith Whitney: Unequivocally I See A Double Dip In Housing
Saudis Hoard Twice as Much as Thought
Stocks drop after China currency enthusiasm fades
Another ‘Flash Crash’ Coming? Some Market Pros Think So
US manufacturing crown slips (Hat Tip: Brian B.)
Chester, PA: A Philly suburb and microcosm of Detroit
Fannie, Freddie Could Cost $389 Billion
Forbes: Tricky Accounting Could Spark ‘Catastrophic Change’
West Struggles With Non-Recovery
China’s Hu Buys Time at G-20 With Yuan Announcement
Dems ready for big push on global warming
Medvedev’s U.S. Trip Boosts Effort to Reset Economic Ties
G-20 Needs to Emphasize Competition, Not Harmonization
$500 Hammers? U.S. Military Can Find Ways to Trim the Fat
Poll: Should BP have to pay for Obama’s moratorium?
DILLER: Planned Parenthood’s missing millions
Armey: Obama, Democrats Using Spill Crisis to Push Cap-and-Trade Agenda
Medvedev Promotes Ruble as World Reserve Currency to Cut Dollar Dominance (Hat Tip: Brian B.)
Obama’s Radical Labor Chief Says Illegals Have Right to Fair Wages
More Doctors Are Refusing Medicare Patients Because of Low Government Payments
Turkey Cuts Off Water Sales to Israel
Obama Porkway: Road Built With Stimulus Money Will Bear President’s Name
$70 million jail sits empty in Los Angeles – because LAPD can’t afford to staff it
California fails to deliver budget by constitutional deadline — again
State considering digital license plates – could display ads at red lights
New tax to push cigarettes over $10 a pack in NYC
New Jersey battles over tax on millionaires
More homeowners drop out of Obama mortgage program than are helped by it
CHINA TO OVERTAKE USA IN MANUFACTURING
Canada’s economy suddenly the envy of world
Germany Rejects Obama’s Call on Growth, Stoking G-20 Conflict
States Take Aim at Pension Costs
…Bank failure pace more than double last year
FANNIE AND FREDDIE tab 146B and rising; Foreclosed on home every 90 seconds
CBO: Middle Class — Not Rich or Poor — Pay Majority of Fed Taxes
Frank Seeks to Keep Debit-Card Fee Caps in Overhaul Bill
China Backs Obama as Treasury Holdings Rise to $900 Billion
London’s City Buys BP While Wall Street Flees Risk in U.S.
Venezuela Food Prices Skyrocket
‘Serious Market Problems’ in the Fall—Gold to Hit $2500
Spain: The New Crisis in Euroland
Food Prices to Rise Up to 40% Over Next Decade, UN Warns
Bank Run in Spain and its Destabilizing Ramifications for the Entire EU
Spain Plays High-Stakes Poker Game with Germany as Borrowing Costs Surge
Gold Rises as Euro Struggles, Share Prices Down
Spending Fable (The Mogambo Guru)
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