Financial News Update – 07/16/2010

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Greenspan: Congress Should Let Bush’s Tax Cuts Lapse

Morning Bell: The Lawyers and Lobbyists Full Employment Act

Tweet of the Week: On Budgets and Budget Directors

Side Effects: Obamacare Could Punish Docs for Better Quality Care

Philly Mayor makes severe budget cuts… out of spite

The U.S. Middle Class Is Being Wiped Out: Here’s the Stats to Prove It (Hat Tip: Jean Stoner)

Obama to seize control of Wall Street

School board uproots union abuses

The Deadly Impact of the Death Tax (is Congress incentivizing death?) (Hat Tip: Jean Stoner)

Obesity Rating for Every American Must Be Included in Stimulus-Mandated Health Records, Says HHS (Hat Tip: Jean Stoner)

Public Hearing Would Have Made Obama’s ‘Health Care Rationing Czar’ ‘Unconfirmable,’ GOP Senator Says (Hat Tip: Brian B.)

Obama’s next act (Hat Tip: Brian B.)

Senate panel slashes Obama budget (Hat Tip: Jean Stoner)

Blame Central Banking Not Banks

Financial Regulations Don’t Work

Quotas Hidden in Bank Reform Bill Will Cost Taxpayers Millions

9 Charts That Paint A Surprisingly Bright Future For BP

15 Chinese Big Shots To Watch Right Now

Deutsche Bank: If You Think The Economy Is Recovering, Then You Better Throw Away Your Deflation Forecast

Chinese GDP Just Missed Expectations But Everybody’s Cheering

Boone Pickens: It’s Time To Load Up On BP Shares

Guns, Cigarettes, And Booze Tax Revenue Soars 40%

Emergent set to announce anthrax vaccine contract (Hat Tip: Jean Stoner)

About That Financial Reform ‘Victory’

Obama pours energy into electric-car batteries, but will it jump-start industry?

New Regulations Outline Content, Transmission Standards for Every Americans’ Electronic Health Records (Hat Tip: Jean Stoner)

Huh?… Rep. Elijah Cummings: “The Best Way the Tea Party Can Rid Racism From Their Ranks Is to Help Folks Get Jobs” (Video)

Thanks Barack. US Economy May Not Recover For 5 or 6 Years

Obama Accused of Illegally Funding Pro-Abortion Referendum in Kenya

Stimulus Sign Backfire?

Fed Wins More Power in Overhaul

Shelby: Repeal It

Economy may not recover ‘for five or six years’


Dollar extends losses on concerns

Total foreign holdings edge up to $3.96 trillion

Chavez ‘communes’ stoke Venezuela socialism debate

SUMMER SOUR: Consumer Sentiment Sinks To Lowest Level in 11 Months

Dow drops more than 200 points

Stocks Slip Deep in the Red on Bank Earnings


Letter Re: The ABA’s Projections for the U.S. Economy

Sin Taxes for 2009 at all time high.

Gold: Store of value.

States Dodge Defaults as California May Cut Worker Pay

The Big Crash–America Plunges Into Depression for Real

Gold Keeps Rising as Panicky Investors Look for Security

Harry Schultz on the Power Elite, Free Markets, The Internet, and Why Gold Is Going Much Higher

China Cuts Rare Earth Export Quota 72%, May Spark Trade Dispute With U.S.


China, Commodity King (Mogambo Guru)

Manufacturing Cools in June as Manufacturing Slows

Stocks Fall After Weak Manufacturing Reports

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