Financial News Update – 11/19/10
AFA’s 2010 listing of top retailers and how they recognize Christmas… Shop “wisely” (Hat Tip: Jean Stoner)
Shooting from the Hip, Sinclair Hits Bullseyes
Jobless-Benefits Extension Blocked in House as Republicans Balk Over Cost
Obama, Democrats fail to agree on plan for expiring tax cuts
Sources: FCC chief to move on net neutrality proposal (Hat Tip: Brian B.)
S. 3804: Combating Online Infringement and Counterfeits Act (Hat Tip: Brian B.)
Morning Bell: Our Economy Can’t Afford More GM “Success” Stories
Climate Talks or Wealth Redistribution Talks?
Bernanke Takes Aim at China (Hat Tip: Jean Stoner)
Making The Last Use Of Reserve Currency Status (Hat Tip: Jean Stoner)
What Happened To Ireland This Week Could Happen To US Munis Very Soon
SocGen’s Albert Edwards: The Inventory Boom Is About To End And Crush U.S. GDP
There Won’t Be Any Talk Of Decoupling When The Chinese Crash Brings Down Developed Markets
The Rich Dystopian Chinese Village Of Huaxi Just Bought Its Own Air Fleet
Dear Jobless Workers, You’ve Just Been Cut Off
Bernanke’s QE2 May Create 700,000 Jobs, But They’ll Be In Mexico, Peru, And China
Detroit Faces A Hunger Crisis Where 25% Can Afford Only One Meal A Day
What’s The REAL Story Behind Chris Dodd’s Accidental Public DM?
CHART OF THE DAY: Gold Is Plunging…
Web censorship bill sails through Senate committee (Hat Tip: Jean Stoner) They are coming for the bloggers…
Don’t Blame China — Blame the U.S. Congress (Hat Tip: Jean Stoner)
Obama team gets OK to pay Biden debt (Hat Tip: Jean Stoner)
David Rosenberg: The Fiscal Mess At Local Governments Will Be The Front Page Story Of 2011
One Fifth Of Ireland’s Economy Could Now Go Up In Smoke
Robo-Signing, Chain of Title, Loss Mitigation and Other Issues in Mortgage Servicing (Hat Tip: Jean Stoner)
Outraged Yet? What if Fed Buys Munis? (Will California be bailed out by the Federal Reserve?) (Hat Tip: Jean Stoner)
Wells Fargo Pays Citigroup $100 Million Over Wachovia
China Will `Inevitably’ Raise Rates in Battle Against Inflation
Bernanke Steps Up Stimulus Defense, Turns Tables on China
Allied Irish Says Reliance on Central Bank Assistance Triples
Obama Health Law Attacked by 63 U.S. Representatives
Fed’s Plosser Says Too Early to Assume Full Easing
Most 9/11 Responders Settle Suits Over WTC Dust
It’s All Your Money: Earmarks Showdown
WTO chief warns against currency wars
Hacker arrested after cracking Federal Reserve
First Lady To Announce 5,000 Salad Bars For Schools
Food police issue ‘food porn’ list
Small investors shunning stock market
Taxpayers in deep water on GM investment
NYC To Close Firehouses At Night To Save Money
Few New Businesses, With Even Fewer Jobs
Metro asks riders to help it lobby Congress
Web Censorship Bill Sails Through Senate Committee
Ray LaHood: Obama’s Power-Mad Cell Phone Czar
The Obamacare Waiver-mania! movement builds
U.N. Official Admits: We Redistribute World’s Wealth by Climate Policy
‘Medicare Czar’ Dodges ‘Redistribution of Wealth’ Question After ‘Pathetic’ Hearing
The horrible truth starts to dawn on Europe’s leaders. JWR Adds: They may have to Punt on this one! (Ireland may be ejected from the Euro confab, shortly, and revert to independently issuing the Punt Éireannach. Major financial and currency chaos to follow, no doubt.)
Max Keiser tells the world to Crash JP Morgan, buy silver.
$53,957 in Circulation for Every Ounce of Gold
Why the Irish Crisis is Going Global
Euro Zone Anger at Germany Boils Over
Let them eat cheese: Irish government hands out block of cheddar to every family.
Fed’s Second Round of QE Draws New Fire in Open Letter from Economists
Ireland Has Lost Sovereignty – Now Owed By EU
Ireland Told: Take EU Bailout or Trigger Crisis
Contagion Hits Portugal as Ireland Dithers on Rescue
Foreclosure Class Actions Pile Up Against Banks
Report: Foreclosure Mess Could Threaten Banks
Think $5 Corn Is Expensive? Some Are Betting on $10 Next Year
No Inflation? Grocery Stores, Gas Prices Tell Different Story
In his Trader Tracks 2011 Predictions, Roger Wiegand is projecting hyperinflation within 24 months.
Hinde Capital’s Ben Davies Says UK, U.S., And Japan Are All At Risk Of Hyperinflation
If You’re Looking For Inflation, Here’s Where To Find It
“The truth will set you free, but first it will make you miserable.” – President James Garfield