Financial News Update – 07/03/10

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Our Douchebag Government – Midyear Debt Update (Hat Tip: Jean Stoner)

Obama announces $795M in new grants to expand broadband Internet access (Hat Tip: Jean Stoner)

Power Elite Versus State Capitalism – A New Meme!

Americans Aren’t Stupid Anymore – Do You See Them Buying Houses Or Stocks?

Citi: Stock Valuations Have Hit A Record Low Vs. Bonds

Here’s One Reason To Still Be Nervous About Ireland

Surprise: Investor Sentiment Isn’t Even That Bearish Yet

Deutsche Bank: Here’s What To Expect From Today’s Jobs Report

This Manufacturer Can’t Find 100 Unemployed Americans With Basic Math Skills To Hire

Morgan Stanley: Yen Traders Threatened By Potential Currency Intervention

June Non-Farm Payrolls Come In WEAK: Loss Of 125,000 Is Worse Than Expected

Australian Miners’ Tax Victory Is Horrible News For Commodity Bulls

The ECRI Leading Indicator Collapses Even Further

From Jefferson To Greenspan: The Complete History Of People Freaking Out About The Deficit

A Suspended Chinese Meatpacking Company Is About To Create 300 Chinese Millionaires Thanks To Goldman

Can You Guess Which Country’s Manufacturing Is Expanding The Fastest Right Now?

Health overhaul may mean longer ER waits, crowding (Hat Tip: Nancy Jacques)

Markets and Marxists – UPDATED

Illinois: ‘The Fiscal Poster Child for What Not to Do’

Illinois Stops Paying Its Bills, but Can’t Stop Digging Hole (Hat Tip: Brian B.)

A Marxist indictment of capitalism — and why the indictment must be wrong

Figures. Stimulus Money Being Used to Subsidize & Bus Mexican Students Across Border for Free Education

Dems Refuse Compromise on Unemployment Benefits; Go On Vacation

After US Economy Loses Another 125,000 Jobs Obama Says: “We’re Heading in the Right Direction” (Video)

Disaster Continues – US Loses 125,000 Jobs in June


Employment Shortfall Sets the Stage for Slowdown in U.S. Economic Recovery

Biggs Sells Technology Stocks on Concern `Soft Patch’ to Worsen

U.S. Stocks Slump, Sending Dow Average to Longest Losing Streak Since 2008

European Stocks Decline for Second Week on Concern Recovery Is Faltering

Abengoa, Abound to Get $1.85 Billion in U.S. Solar-Project Loan Guarantees

‘Deem’ Faux $1.1 Trillion Budget ‘as Passed’

Push for new Internet sales taxes; Would draw $23B

Illinois facing ‘outright disaster’ amid budget crisis

7.9 million jobs lost, many forever

GM’s Auto Sales in China Top USA for First Time


House Democrats ‘Deem’ Faux $1.1 Trillion Budget ‘as Passed’

Recession cut into employment for half of working adults, study says.

BofE Rate Setter Fears New UK Recession

Nearly 1 in 3 First-Quarter Home Sales a Foreclosure Sold at Steep Discount

Central Banks Warn of New Crisis if Exit Left Too Late

China Slowdown Fears Hit Global Markets

It’s Everyone for Themselves After Toronto Failure

Europe’s Recovery Falters

Double-Dip Recession Warning Signs are Everywhere! Batten Down the Hatches!

Payrolls Drop by 125,000, Jobless Rate Falls

Stocks Inch Up After Government Says Job Growth Slow

No Bucks, No Boom for The Fourth

Oil Drops Slightly After US Jobs Report

New Data Shows US “Recovery” in Peril

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