Financial News Update – 12/6/10

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UAW Gets 800 Jobs for Endorsing Obama’s Korea Trade Deal, Will Cost 159,000 US Jobs (Hat Tip: Jean Stoner)

Trade Peace Watch:US-Korean Trade Pact: Korea (& US Customers) In Deep…(Media Lies For Hussein) (Hat Tip: Jean Stoner)

Virginia plan to cancel Congress’ ‘authority’ (Hat Tip: Brian B.)

Stocks Chug Higher, Impervious to Bad News

List of Facilities Vital to US Security Leaked (Hat Tip: Jean Stoner)

10 States Where Income Growth Is Grinding To A Halt, And Kids Will Have It Worse Than Their Parents

Here Are The The AWFUL Details Behind Today’s Big Jobs Report Miss

Bob Janjuah: Any Bullishness Right Now Relies On Pure Hope And Not Reality

14 Signs That America Is Turning Into Japan Or WORSE

Will Failure To Extend Unemployment Benefits Destroy 600K Jobs?

Germany Snubs Pleas to Boost Aid, Sell Joint Bonds

Wal-Mart Gets High Court Review in Million-Worker Bias Case

Obama Says Tax Bill Must Include Jobless Aid, Credits

Senator Sanders Asks Bernanke for More Information on Bailouts

GOP leaders hint at compromise on tax cuts, jobless benefits

Mounting Debts by States Stoke Fears of Crisis

Now it’s all or nothing on tax cuts

Obama Caves on Taxes (Hat Tip: Jean Stoner)

Why farmland is skyrocketing (Hat Tip: Brian B.)

Jobless Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read

Trumka Now Using Faith Groups to Organize ‘Progressive Activists’

Cancun Climate Summit Speaker Blames Obesity on Fossil Fuels

‘Operation Coleslaw’: Pittsburgh Restaurant Rises to Beck 300 Sandwich Challenge

Bernanke Calls ‘Printing Money’ a ‘Myth’; Says QE3 a Possibility

Union Tells NFL Players to Save Pay in Case of Lockout

Rep.-Elect West: Bernanke Must Answer ‘Hard Questions’ Before Congress


Is Your Bank on the Problem Bank List? (Hat Tip: Jean Stoner)

Wiedemer: Fed’s Medicine Will ‘Become Poison,’ Spark Inflation

Kyl: ‘Recipe’ for tax deal likely to include unemployment benefits (Hat Tip: Brian B.)

The Return of the Dark Ages

Obama: Tax Cuts Can’t Be Permanent




Pump prices hit 2-year high

Chavez blames ‘criminal’ capitalism for incessant rains in Venezuela

AOL Mulls Breakup, Then Merger with YAHOO

‘Post-recession’ unemployment worst since WWII

Despite Obama pay freeze, federal workers to receive $2.5 billion in raises


Fed Has $110 Billion Problem with new high-tech $100 bills

SANTA CLAUSE: Bernanke defends bond buys, citing at-risk economy

Eurozone under pressure to aid euro with more cash

Worst Ahead as Analysts See Crisis Spreading

MOODY’S downgrades Hungarian government debt

Big Sis Invades Walmart- Establishes Christmas Snitch Patrols

Hot Air… Cancun Junk Scientists Claim Cutting Carbon Emissions Will Help Combat Obesity

For class-warfare Dems: A reminder about who “the rich” are; Update: Senate Dems’ demagoguery rejected

“Thank the rich:” Pushing back against Democrat class envy

Climate Change Scheme in Jeopardy: Scramble on to Retool Messaging Effort

The Great Brownie Grab of 2010 (and Beyond)

Obama’s Job Killing Regulations (Hat Tip: Nancy Jacques)

TheDC Morning – 12/6/10 (Hat Tip: Jean Stoner)

Why I Bought Silver…And Why I Won’t Sell

Texan calls for jail time for enforcing Obamacare (Hat Tip: Brian B.)

FCC Commissioner Wants to Test the ‘Public Value’ of Every Broadcast Station (Hat Tip: Nancy Jacques)

Morning Bell: The Jobs at Stake in the Tax Cut Fight

South Korea–U.S. Trade Deal: Better Late Than Never

The Cost of Sugar Subsidies

Corruption In India: People Or The State?

Businesses Anticipating Stormy Weather on the Tax Front


America Bails Out A Thankless World

Profit-Lessons from The Ongoing Europe/USA Crises

Mounting State Debts Stoke Fears of Looming Crisis

The Patriotic and Moral Imperative for Owning Gold and Silver

FDIC Takes Gloves Off for Failed Bank Losses

Euro Slide Gathers Pace on Debt Crisis Fears

Holiday Shoppers Came Out to Spend in November

White House Presses Congress for Jobless Benefits

Fed May be Central Bank of the World After UBS

UK Banks Borrowed More than $1 Trillion from Fed

Fed Reveals it Dished Out Trillions to World Banks to Aid The Crisis

I got a bit of a shock when I dropped by my local coin shop, planning to buy some pre-1965 non-numismatic (“junk”) U.S. silver coins for Christmas gifts for Rawles family members. Their asking prices was 21.1 times face value! I was also surprised to see a few minty-looking 1964 proof quarters mixed in with the dealer’s tray of junk silver coins. He said that the spot price of bullion silver has galloped up so quickly that it has completely overshadowed any numismatic value for the 1964 proof Washington quarters. These are strange and exciting times for the coin bourse! The next coin show that I attend should be wild.

Rice May Triple in 18 Months As Supplies Tighten

Reader G.W. mentioned: “I buy Nutivia Organic extra-virgin coconut oil. An 8 pound tub (1 Gallon) was $43.99 January, 2010. But it was $49.99 with my last purchase in late November, 2010. (A 13.6% increase.)”

America’s Leading Export: Inflation

Is QE2 the Road to Zimbabwe-style Hyperinflation? Not Likely

Global Food Prices About To Break An All Time High

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