Financial News Update – 1/11/11

The Story Of 2011 Is That Major Emerging Markets Are Tanking

Violent Riots Outside Of Dhaka Stock Exchange After Market Plunges 9.25% In One Hour

Illinois Governor Flees Capitol Through The Basement After Disastrous Meeting On State Budget

The SEC Just Charged Another Former SAC Cap Guy For Insider Trading

Wow: Texas Deficit Estimate Comes In Worse Than The Worst Expectations

The Red Queen Of Deleveraging Trumps Bernanke’s Plan To Reignite The Goldilocks Economy

Watch Out Investors, Check Out What The “Smart Money” Just Started To Do

EU Prepares to Approve €1 Trillion Master Energy Plan (Hat Tip: Jean Stoner)

Euro Crisis Would Hit China, Then America: Author (Hat Tip: Jean Stoner)

Exclusive: America has ‘reached the point of no return,’ Reagan budget director warns (Hat Tip: Brian B.)

Gates: North Korea will pose direct threat to US (Hat Tip: Nancy Jacques)

News Corp.’s MySpace Cuts Staff by 47% to Pare Losses

Offshore Drilling Needs Urgent Reform, U.S. Panel Says

Biggs Calls Structure of European Bailouts `Foolish’

Kagan Backs Bank on Bankruptcy in First Court Opinion

Banks Said to Face EU Tests on Capital, Liquidity

Richard Duncan: A Catastrophic Global Economic Breakdown May Be Unavoidable!

$5,000 Gold Bandwagon Now Includes 84 Analysts!

Fed’s Plosser: $600 Billion Bond Program May Backfire

Indian Stocks Can’t Stop Diving

BOOM: Another Big Yield Blowout In Spain

Here’s That Big Citigroup Report On Why Absolutely No Sovereign Debt Is Safe

Supreme Court: Did it just hint at stance on a health-care law challenge?

The Coming Gun Battle to Keep & Bear Arms (Hat Tip: Jean Stoner)

Free Speech in the Crosshairs (Hat Tip: Jean Stoner)

Billion$ for Haiti — but No Idea How It’s Spent?

California’s Brown proposes ‘painful’ budget cuts

China denies armed soldiers crossed into India

SUPER PUMP: Fed Buying Bonds by the Billions

Oil surges on offshore drilling report

NJ casinos end 4th straight bad year, down 9.6%

Los Angeles gang police quit over financial rules

City Hall Overrun By Rats

Rep. Jackson: Raise lawmaker budgets to bolster security

Toward Sensible Monetary Policy

FRN – Federal Reserve Note or Federal Redistribution Notice? (Hat Tip: Jean Stoner)

TheDC Exclusive: A secret $6 billion bailout for Puerto Rico? (Hat Tip: Jean Stoner)

Rush Limbaugh: Left Will Use AZ Shooting to Institute a Clampdown (Video)

After 2 Years of Policy Failures Democrats Switch Gears – Aim to Silence Vocal Conservative Critics

It’s the Pork That Binds Us: John Kerry Issues Dire Warning Against Cutting Size of Government

Idiocracy: Conservatives who say “job-killing” are spreading hate

Two Americas: 12 Facts That Show That Those Who Are Too Big To Fail Are Thriving On The Bailout Money That Our Politicians Gave Them Even As The Economic Suffering Of Ordinary Americans Continues To Deepen

14 Eye Opening Statistics Which Reveal Just How Dramatically The U.S. Economy Has Collapsed Since 2007

Virginia Creates Subcommittee To Study Monetary Alternatives In Case Of Terminal Fed “Breakdown”, Considers Gold As Option (Hat Tip: Brian B.)


Things are getting worse in Washington: Mayflower Hotel bar closing its doors (Hat Tip: Jean Stoner)

A choir of staggering awfulness

Royal Navy’s Falklands ship turned away by Brazil (Hat Tip: Jean Stoner)

JPMorgan: Surging Food Prices Fueling Global Inflation

AFBF Lawsuit Challenges EPA’s Chesapeake Pollution Rule (Hat Tip: Jean Stoner)

John Williams Eyes Gold as Insurance Against Armageddon (Hat Tip: Brian B.)

The Fed’s QE2 Traders, Buying Bonds by the Billions (Hat Tip: Jean Stoner)

Lamb: Should States Have a Voice in our Federal Government? (Hat Tip: Jean Stoner)

Is the U.S. Recycling Saudi Petrodollars into Weapons Sales? (Hat Tip: Jean Stoner)

Germany may agree to expand €750bn bail-out fund, as ECB buys bonds (Hat Tip: Jean Stoner)

India, Iran mull over gold-for-oil for now (Hat Tip: Jean Stoner)

Morning Bell: Obama’s Anti-Drilling Agenda

Outside the Beltway: Pepsi Cans Baltimore Plant in Face of Sin Tax

Initial Response to the Oil Spill Commission Report

The Democratic Ideal Is Alive and Well in Asia

States Cry to Washington: Remove Obamacare’s Medicaid Handcuffs

The Constitution in One Sentence: Understanding the Tenth Amendment

Giffords Shooting: A Rahm Emanuel ‘Crisis to Exploit’?

GOP Rep. Will Introduce New Strict Gun Law

AZ Sheriff Blasts Rush Limbaugh for ‘Irresponsible Rhetoric’ Limbaugh is one of the sanest voices out there. Dupnik is the irresponsible one.

Obama to hand Commerce Dept. authority over cybersecurity ID (Hat Tip: Jean Stoner)

Brown orders 48,000 cell phones confiscated (Hat Tip: Jean Stoner)

PHOTOS: Surging Food Prices Are Sparking Riots All Around The World

The 19 Countries Most Likely To Default

Meet Danielle Gilmore, The Southern California “Super Lawyer” Who Will Make Bank Of America Sweat Tomorrow

It’s Confirmed: Wikileaks Is Targeting Bank Of America

Wow, Look What The Dhaka Stock Exchange Did One Day After Crashing And Causing Violent Riots