12/15/10

Financial News Update – 12/15/10

Breaking News: Senate Passes Tax Relief Bill, 81-19; Legislation Goes to House

U.S. at risk of rare earths supply disruptions (Hat Tip: Nancy Jacques)

Citigroup: Dollar May Drop 11 Percent in 2011 as Treasurys Fall (I scoff at your 11% – count on it being much more… )

Columbus, Ohio Employment At A Glance (Compare Unemploymet Bush v. B. Hussein Obama) (Hat Tip: Jean Stoner)

West’s Employment Dysfunction

Truth About WikiLeaks?

Marc Faber: Invest in Oil, Natural Gas and Energy Now

Hyperinflation Special Report (Update 2010) (Hat Tip: Brian B.)

High-Diving Investor Climbing, Climbing….

China Expands Its Influence in Europe

Sen. McConnell On 2000-Page Omnibus Bill: “No One Has Seen It” (Hat Tip: Brian B.)

Rockland OKs Gateway 1 pact (Council-“No link to Agenda 21”) (Hat Tip: Jean Stoner)

Congress deserves to be roasted over pork

Update on Tax Bill

Hyperinflation Will Start in the Next Couple Months (Hat Tip: Jean Stoner)

When That Happens, The Game Is Over (Hat Tip: Bix Weir)

Omnibus includes $8B in earmarks

Tax Deal Is Shaping 2012 GOP Campaign

U.S. to Appeal Health Ruling

Revolt: Republicans Angry About Omnibus Spending Bill Decry ‘Total Mess’ (Hat Tip: Brian B.)

Gasparino: The Government Is Trying To Bust The Mob Boss Of Insider Trading

Vote Of Confidence For Berlusconi? Tell That To Thousands Of Rioters Who Are Smashing Up Rome

Irish Property Tycoon Is Too Drunk, Poor And Generally Not Good Enough For Greenwich Yacht Club

And Now Presenting: Amazing Satellite Images Of The Ghost Cities Of China

No Change In Interest Rates — Language Identical

10 Signs That Confidence In U.S. Treasuries Is Dying And Financial Armageddon Approaches

Bulls Blow It, While Yields Explode Higher Violently: Here’s What You Need To Know

Oh Boy, Don’t Look At This Big Bond Selloff

Wal-Mart Raising Toy Prices, Squeezing More Out of Holidays

Senate Set to Pass $858 Billion Bush-Era Tax Cut Measure

Stocks in U.S. Fluctuate as Economic Data Offset European Debt Concerns

Germany Stiffens Opposition to Aid Boost in Face-Off With ECB

Son of a Glitch: Error Could Derail Tax Deal

Rioters Clash With Police in Greece

Consumer Prices Edge Up

Brazil Declares Victory in War on Poverty

OBAMA VACATION ON HOLD AS CONGRESS BATTLES

Reid threatens to keep working until Jan 4

New spending bill totals $1.1 TRILLION

$575 million PER PAGE

6,488 earmarks

McConnell fumes: ‘No one has seen it’

Really lame duck: Congress’ Job Approval Rating Worst in GALLUP History

THE LAST FEAST

Chavez seeks power to rule by decree for 1 year

Santelli: Clarity from Fed? No. Inflation? Yes

Reeling from riots, Italy faces uncertainty

Greek anti-austerity strike turns violent

MORE UNREST: 2011

Moscow police arrest more than 100, fear riots

MOODY’S warns it may downgrade Spain’s debt

Appeals Court: Warrant Needed to Get Your E-Mail

CENSUS: Washington area wealthiest, most educated region in nation

UPDATE: RUSSIA TO USE CHINA CURRENCY IN TRADES

Senate Dems unveil $1.1T spending bill (Hat Tip: Brian B.)

New spending bill totals $575.13 million per page. Reid threatens to keep Congress into next year (Hat Tip: Jean Stoner)

Breaking News: Senate Passes Tax Relief Bill, 81-19; Legislation Goes to House (Hat Tip: Brian B.)

White House Is Outraged That GOP Wants to Read Bill in Senate Before Dems Ram It Through

Figures. Florida School Board Shooter Wrote Note Railing at Rich; Linking to Media Matters

Thug Alert… Harry Reid: “We’re Not Through – Congress Ends on January 4″ (Video)

Governor-Elect Nikki Haley: I told President Obama to “Give Us Our Money Back” (Video) (Hat Tip: Nancy Jacques)

Omnibus double whammy: The Dems’ lame-duck land grabs

Lame-duck watch: Senate approves tax deal, 81-19

Things You Won’t Read About at Media Matters, Episode XXIV

Holder and Sebelius: Challenging Obamacare Law is Like Challenging Civil Rights and Opposing Car Insurance

Reid warns: We’ll stretch this lame-duck out until Jan. 5 if we have to; Update: Omnibus-a-palooza!

Introducing the Latest Obama Appointee: Jon Bon Jovi

APOCALYPSE NOW? No… but Soon Enough (Hat Tip: Jean Stoner)

Attacks From Right Take Toll on Obama’s Tax Plan (Hat Tip: Brian B.)

The Senate Omnibus Bill Would Make Machiavelli Proud (Hat Tip: Brian B.)

Credit Suisse Presents The 5 Biggest Risks For 2011

Belgium Just Got Downgraded By S&P

It’s Official: The Traditional Electronics Industry Is Getting Thrashed

Don’t Think The Impending Cutoff Of The 99ers Is Going To Be A Major Problem For The Economy?

How Can We Have A Healthy Economy If Virtually Everything We Eat And Drink Is Constantly Making Us All Sick?

FL School Board Shooter Posted Suicide Note Railing Against the Rich, Linking to Media Matters

GOP Issues Ultimatum: Obama Must Veto Earmark-Laden Spending Bill

‘All Hell is Breaking Loose’: $1.1 Trillion Spending Bill Nears 2,000 Pages

SurvivalBlog:

Warning: Muni Bond Chaos Imminent

The Fed’s Contrarian, With a Wary Eye on the Past

Grave Robbers Steal 400 Urns From Cemetery

A big electronics retailer’s stock drops 14% in one day: Best Buy’s holiday fumble.

Shoppers Shunning Credit Cards

Roubini Sees Roots Of Next Crisis

Eric Sprott’s Double-barreled Silver Issue

The new hungry: College-educated, middle-class cope with food insecurity.

Life imitates art… This description of New Detroit by Mish Shedlock sounds like something out of Paul Verhoven’s Robocop movie: Detroit is Halting Garbage Pickup, Police Patrols in 20% of City: Expect Bankruptcy in 2011. Here is a quote: “In a futile attempt to stave off the inevitable (bankruptcy) one last time, Mayor Bing’s latest plan is to cutoff city services including road repairs, police patrols, street lights, and garbage collection, in 20% of Detroit…”