Financial News Update – 12/30/10

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North American Integration Back on the Front Burner‏‏ (Hat Tip: Jean Stoner)

Snowblind in Gotham

Sanitation Department’s slow snow cleanup was a budget protest

The Italian ‘I’ In PIIGS Is Starting To Show Signs Of A Real Debt Crisis

Winifred Jiau AKA “Wini” Arrested On Insider Trading Charges

MAP OF THE DAY: The Target Range Of China’s “Aircraft Carrier Killer” Missile

ROBERT SHILLER: If House Prices Keep Falling This Fast, The Economy Is Screwed

The Unsettling Mystery Of Japan’s Perpetual Debt Machine

Illinois’s Plan To ‘Balance’ The Budget: Borrow $15 Billion And Ignore $185 Billion Hole

GARY SHILLING: And Now House Prices Will Now Drop Another 20%

China Now Has A Missile U.S. Aircraft Carriers Can’t Defend Against

Internet groups fear UN could threaten web

VIDEO: Oil Could Push to $110

Home foreclosures jump

Obama bypasses Senate, appoints envoy to Syria

WASH POST STAFFER: Constitution Impossible to Understand Because It’s Over 100 Years Old

CLAIM: Obama’s Million Dollar Hawaiian Vacation: Costs to Taxpayers Detailed


ELDER: $5 Gas Predicted Under Obama — What, No Pitchforks?

Swiss franc hits record high vs dollar, euro, pound

UK union leaders predict surge in strike action next year

Cuba slashes state-subsidised soap

Berwick Sets Up Death Panels By Fiat

Ex Shell CEO: “I warned Obama in person about his policies in 2007” (Hat Tip: Jean Stoner)

Liberal Give ‘Til It Hurts (You)

Reid Hails Health Insurance Reform Initiatives That Become Effective January 1(BARF ALERT!) (Hat Tip: Jean Stoner)

Rationing Revealed at the Heart of Obamacare (Hat Tip: Jean Stoner)

Pimco: US Will Keep Reserve-Currency Status

Union Protest Killed New Born Child

Central Bankers Warn of Asset Bubbles

The Social Networking Buzz

Rattner Will Pay $10 Million in Restitution, Cuomo Says

Pending Sales of U.S. Existing Homes Rose 3.5% in November

Copper, Emerging Stocks Rise on China; Dollar Falls a Sixth Day

Jobless Claims in U.S. Fall to Lowest Level Since July 2008 – And the lies just keep on coming…

Venezuela Devalues Currency to 4.3 Bolivars Per Dollar

GE Leads $3 Trillion in Company Bond Sales as Yields Fall

Faber Says Long-Term U.S. Treasuries Are `Suicidal’ Investment

Eight Botched Environmental Forecasts

Audit Finds CDC Misplaced $8M in Equipment

So the Democrats Finally Want Fiscal Responsibility? Great. Let’s End Their Disastrous “War on Poverty” (Hat Tip: Nancy Jacques)

Food safety bill invokes Codex harmonization and grants FDA authority to police food safety of foreign nations

Which Is It, Mr. Murdoch: Recession, or Recovery?

Oil Industry’s Spending to Rise in Hunt for Energy (Hat Tip: Jean Stoner)

Black & Veatch: Power Generation to Rely More Heavily on Natural Gas (Hat Tip: Jean Stoner)

U.S. changes how it measures long-term unemployment (Hat Tip: Brian B.)

‘Super death panels’ on a ‘massive scale’ (Hat Tip: Brian B.)

Disgusting. Assailants File Complaint Against US Marine After Iraq War Vet & His Wife Were Brutally Beaten By Gang Members Outside Theater (Not financial – but horrific – 300 teens involved… )

NY City Workers Planned Their Slow Response to Record Snowfall As a Protest to Budget Cuts

Ahmadinejad: Iran Is Now a Nuclear State

Tom Friedman & NY Times Editors Ambush & Attack Israeli Diplomat

Christine O’Donnell Responds to Rehashed Rumors of Misuse of Funds By Liberal Media

It Begins… Angry Delayed Passengers Gangrush Counter at Cleveland Airport – Cops Called In (Video)

GREEN SCOTLAND Relies on French Nuclear Power During Deep Freeze

Adding Fuel to the Financial Fire. Deepening Crisis. Bogus Economic Statistics Used as a Coverup (Hat Tip: Jean Stoner)

Hiding A Depression: How The US Government Does It (Hat Tip: Jean Stoner)

‘NK Continues to Collect Rice for Army Due to Shortage’ (Hat Tip: Jean Stoner)

All Evidence Points To A Dramatic Increase In Food Prices Worldwide, Possible Shortages (Hat Tip: Jean Stoner)

In London, wheat prices rose to match prices in France and United States (Hat Tip: Jean Stoner)

What Caused this Gangbusters Commodity Boom? (Hat Tip: Jean Stoner)

Italian union calls for strike over Fiat/Chrysler deal (Hat Tip: Jean Stoner)

Canada Slashes Business Levies (to 16.5%) (Hat Tip: Jean Stoner)

Can the Government Stop Massive Insurance Rate Hikes? (Yes! Get rid of Obamacare and Obama himself) (Hat Tip: Jean Stoner)

ObamaCare knockout (Hat Tip: Jean Stoner)

17 National Debt Statistics Which Prove That We Have Sold Our Children And Grandchildren Into Perpetual Debt Slavery

NY Gov Calls for Probe After Workers Say Union Sabotaged Snow Removal

U.K. Unions Vow More Strikes

‘Shadow Fiscal Policy’: Profs Encourage America’s Wealthiest to Redistribute Tax Savings

Update: Farm Animals Get 80 Percent of Antibiotics Sold in U.S. (Hat Tip: Brian B.)

The Charts That Mattered Most In 2010

Another Blow For Autos: China Confirms Tax Hike On Car Purchases

DISASTER: Blizzard Captures $1 Billion In Precious Holiday Sales

Chaos In Cocoa As Uncertainty Reigns In Key Supply Country

Indian Textile Industry Begs Government To Ban Exports To Ease High Prices

Food inflation zips on high onion, fruits, eggs, meat prices (Hat Tip: Brian B.)


‘Doubling Up’ in Recession-Strained Quarters.

Bailed Out Banks on Brink of Bankruptcy — Again

Borrow Like There’s No Tomorrow

The Debt Countdown Begins

Rosenberg: Housing Double-Dip Straight Ahead

After Holiday Spree, Doubts About Economy Linger

Two Charts Which Tell The Whole Story

Open Interest In Silver Continues To Rise / Troubles In Major US Cities

Silver Is The Biggest Sleeper Of All

$500 Silver And Imminent Price Explosion

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