Financial News Update – 12/14/10

UPDATE: RUSSIA TO USE CHINA CURRENCY IN TRADES…

Schlafly: USA Should Halt All Funding For UN ‘Global Warming’ Scam

Santelli: Clarity from Fed? No. Inflation? Yes

Armed Motorcycle Bandit Nabs $1.5 Million in Casino Heist

BELLAGIO Busted

New spending bill totals $1.1 TRILLION!

$575 million PER PAGE

6,488 earmarks

McConnell fumes: ‘No one has seen it’

Reid threatens to keep Congress into next year

Detroit Is Halting Garbage Pickup, Police Patrols In 20% Of City: Expect Bankruptcy In 2011

NASA sets new course

Meet The Most Unemployed Person In America

CHART OF THE DAY: The One Inflation Number That Terrifies Chinese Officials

Hussman: Warning, This Is An Awful Time To Invest

The Most Important Part Of Obamacare Was Just Declared Unconstitutional

RIDICULOUS MILITARY SPENDING: 12 Facts That Show America Can’t Afford To Police The World Anymore

Cancun in a nutshell: nothing achieved but it’s a Big PR Success (RE: The Global Money Scam) (Hat Tip: Jean Stoner)

Obama trying to transfer 1.5% of US GDP to UN for climate change. (Hat Tip: Jean Stoner)

Grounds for hope for the climate change agenda (George Soros says…UN Needs the Money) (Hat Tip: Jean Stoner)

Environmentalists Gone Wild? 8 Observations From The Cancun Climate Conference (Hat Tip: Jean Stoner)

Gold Surges, Bonds Rally, And Bulls Totally Blow It: Here’s What You Need To Know

11 Huge Geopolitical Threats That You’re Probably Ignoring

Wikileaks Shows How The IRA Used The Celtic Banking Bubble Buy Up Foreign Properties

Bears Draw More Blood From Crashing Netflix

The Senate Just Got Its 60 Votes To Pass The Tax Deal

JP Morgan Cuts Back on US Silver Futures (Hat Tip: Bix Weir)

JP Morgan Admits, Reduces Massive Silver Short Position, Proves Conspiracy Theorists Correct (Hat Tip: Jean Stoner)

Moody’s May Cut US Rating on Tax Package (Hat Tip: Jean Stoner)

IBM pitches ‘smart’ cities as planet savers (Hat Tip: Brian B.)

Interesting take on taking money from the rich

Scarcity Memes Rev Up?

Neil Armstrong ‘Speaks’

Audit the Fed in 2011

Reid attaches S510 Food Bill to Military Construction and Veterans Affairs Act H.R. 3082 (Hat Tip: Jean Stoner)

Obama’s Health-Care Law Ruled Unconstitutional Over Insurance Requirement

Green Jobs Not Growing As Expected

Easter Egg Out Of The BIS: US Banks Are On The Hook To The PIIGS By Over $350 Billion (Hat Tip: Jean Stoner)

Lame-Duck Bailouts for Ethanol and Wind? (Here’s what’s being sneaked into the tax deal) (Hat Tip: Jean Stoner)

About The Healthcare Ruling – Ken Cuccinelli (Hat Tip: Jean Stoner)

Detroit to offer incentives for residents to relocate (Hat Tip: Jean Stoner)

24 Signs That All Of America Is Becoming Just Like Detroit (Hat Tip: Jean Stoner)

GM Foundation Donates $2 Million to Community Centers (Detroit) (Hat Tip: Jean Stoner)

The Bill for Protecting Detroit’s Mayor: $1.35 Million (Hat Tip: Jean Stoner)

UK: Gangs and hardcore activists behind violence (Hat Tip: Nancy Jacques)

Suit: Chase Bank ransacked home of man on his death bed (Hat Tip: Brian B.)

Will Obama’s Re-Election Be the First Billion Dollar Campaign? (Hat Tip: Brian B.)

Bond bubble about to burst (Hat Tip: Jean Stoner)

China Tries to Shore Up India Ties

Moody’s says Spain banking outlook “negative” (Hat Tip: Jean Stoner)

Huge Senate majority votes to advance $858B tax package (5 R’s Vote NO) (Hat Tip: Jean Stoner)

Britain’s Left Are Panicking (Hat Tip: Jean Stoner)

Afghan gold mining project approved (Hat Tip: Jean Stoner)

Morning Bell: Another Victory on the Road to Repeal

States Should Not Be Forced to Unionize

Breaking Health Care Research: A New Way Forward in Medicare Reform

Guess Who Got Eric Holder’s Briefs in a Bundle? (Hat Tip: Jean Stoner)

This Awesome Brookings Presentation Explains Why The Monster Deleveraging Wave Still Has Way More To Go

Jim Rogers May Own The Euro, But He’s Really Betting On The Renminbi

US sues school over denial of Muslim pilgrimage (Hat Tip: Jean Stoner/Nancy Jacques/Brian B.)

Medicaid cuts: teeth pulled, transplant called off (Hat Tip: Nancy Jacques)

Why DeMint thinks it stinks.

Best Buy Plunges Most in 8 Years After Cutting Profit Forecast

Airline Profits to Drop 40% on Taxes, Oil, Group Says

U.S. Foreclosure Prevention Falls Short, Watchdog Panel Finds

Canadians With More Debt Than U.S. Spark Policy Makers’ Warning

Berlusconi Survives Confidence Vote as Students Riot in Rome

Obamacare, Spending Bill Face Rocky Road

AG Predicts High Court ‘Fight’ Over Health

Health Care Law Battle Turns to Florida

Retail Sales Beat Expectations in November

ROMNEY: DUMP THE TAX DEAL

Issa uncomfortable

Space ‘Superfund’ needed to clean up orbiting debris

World’s 5 biggest airlines now from Asia, Latin America

Foreigners flock to Florida real estate bargains

MCDONALD’S chief attacks children’s meal ‘food police’

SCROOGE: YAHOO preparing to lay off 700 workers

Virginia AG Cuccinelli: Today’s Ruling Eliminates Funding Mechanism for Obamacare (Video)

Stunner. Robert Gibbs Dismisses Today’s Suit Finding Obamacare Unconstitutional (Video)

Operation Buck Up: Stop the DREAM Act illegal alien student bailout

10 Signs That Confidence In U.S. Treasuries Is Dying And That Financial Armageddon May Be Approaching

He Sent ‘Guerrillas’: ‘Puppet Master’ George Soros — Influence & Funding of USA Financial Reform ‘Revolution’

A Soros Story: Recounts, Coincidences, and Connections

Food, Clothing Lead Rising British Inflation

SurvivalBlog:

In Praise of Junk Silver

Derivatives: The Quadrillion Dollar Financial Casino Completely Dominated By The Big International Banks

China Overbuilding to ‘Hit a Wall': Chanos

The Human Toll of America’s New Ghost Towns. With its incredibly high foreclosure rate, Las Vegas has become the Poster Child of the housing bust.

New Madoff lawsuits seek $40 Billion …from banks and hedge funds.

Recession Lasting Until 2018 Is Worth Exploring: William Pesek

Stocks End Mixed Ahead Of Senate Vote On Tax Deal

Oil Prices Settle Higher After OPEC Meeting

Treasury Prices Get A Lift After Fed Buys Bonds (“Gee, if I pay my VISA bill with my Mastercard, then my financial problems will be solved!”)

Ambrose Evans-Pritchard: Eurozone In Bad Need Of An Undertaker

Roger Weigand: Phase Two Of This Greater Depression Begins Now

“If the Democrats believe Clinton’s tax increases led to a boom economy and Bush’s tax cuts destroyed the economy, why do they want to extend the Bush tax rates?” – Rush Limbaugh


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