Financial News Update – 02/14/11

The supply of corn keeps getting smaller (Hat Tip: Brian B.)

Reading between the lines of President Obama’s speech to the Chamber of Commerce: We can’t go back to the free market–it actually works! (Hat Tip: Larwyn)

Food Distributor Sysco: Prepare for Food Price Inflation as Freezing Temperatures and/or Global Warming Kill 80-100% of Mexico’s Harvest (Hat Tip: Larwyn)

Sysco declares force majeure, raises grocery prices (Hat Tip: Brian B.)

Obama administration official urges cable companies to carry Al-Jazeera (Hat Tip: Brian B.)

CAIR Articles Get Journalist Suspended

The Misleading Metaphor of Decline

Obama spending plan criticized for avoiding deficit commission’s major proposals

Egypt’s military rulers dissolve parliament

China overtakes Japan as world’s second-largest economy

Protests Gather Steam in Tehran

Obama budget includes spending cuts, sets up debate with GOP

John Hussman: This Is Now One Of The Most Expensive Markets Of All Time

The Euro Is Getting Crushed This Morning, As Troubled German Bank Lender Fails To Find Restructuring Deal

The Simple Reason The Mideast Is Doomed To Uprising After Uprising After Uprising

Government argues ‘liberty’ doesn’t mean ‘physical liberty’ (Hat Tip: Brian B.)

$2100 ‘Sounds Right’ for an Ounce of Gold

Elites Set Orwellian War Against China And Islam?

Obama Sends $3.7 Trillion Budget to Congress

France wants new global finance system

Obama’s budget would cut heat subsidies for poor

Bernanke to Congress: We’re Much Closer to Total Destruction Than You Think

Merger Could Take NYSE Out of American Control

Germans in Talks to Buy Big Board

US starts Farsi Twitter account aimed at Iranians

Hayek’s Top 10 Do’s and Don’ts in a Recession

Defunding EPA’s Ability to Regulate CO2

The Department of Education Has Failed

The U.S. Should Take a Clue from Australia’s Continuing Power Shift Debate

Wyden-Brown Won’t Give States the Flexibility They Need to Reform Health Care

US-China Trade Numbers Reveal Political Risk

The spending battle begins this week in Congress


ANALYSIS: Obama budget is $1.5 trillion tax hike over 10 years

AIRLINES: New fees would be $2 billion tax increase on flyers


Israeli army ‘ready for all eventualities’

France Wants New Global Finance System; End of Dollar Dominance

Syrian blogger gets five years in jail

SHOCK: Former San Jose police chief paid more than $534,000 in salary, benefits last year

Knife-wielding madman terrorizes NYC for 28 hours; Kills four

Gov’t Motors to pay out $189 million in bonuses; some workers to get 50% payoffs

China Replaced Japan in 2010 as Number 2 Economy

Deficit Expected to Jump to $1.65 Trillion

…’slow train wreck coming’

BUDGET BLOWOUT: How big is $3.73 trillion? $12,000 from each American


Obama resurrects rejected tax increases

$44 billion for DHS to purchase 275 full-body imaging machines

Sen. Sessions: ‘President has not told us the truth’

Housing Crash Hitting Cities Once Thought to Be Stable

Critics knock no-knock police raids


Iran ‘steadily’ produces enriched uranium

Produce prices to skyrocket with freeze in Mexico, Southwest

Clothing Prices to Rise 10% Starting in Spring

IRS Would Add 5,000 Employees Under Obama’s Proposal

Dodd-Frank May Cost $6.5 Billion and 5,000 Staff in Obama Budget

Fannie, Freddie Could Cost $169 Billion to 2012

EU to Double Rescue Fund in 2013, Takes No Fresh Portugal Steps

A Plan to Spend $3.7T Now, But at What Cost Later?

Groups Fight GOP Budget That Cuts NPR Funding

Cantor Accuses Dems of Talking Gov’t Shutdown

Government Motors Gives $4,000 Bonuses to 48,000 Hourly Workers

ANOTHER OBAMA RECORD… US Debt Equals Size of US Economy

Obama’s Illegal Moratorium Forces Major Drilling Company to Go Bankrupt

Obama Unveils $3.73 Trillion Budget For 2012 That Includes $367 Billion in Tax Hikes

Obama Thanks American Youth For Their Vote… Cuts Pell Grants

Get Ready… Junk Scientist Al Gore Predicted North Pole Will Be Completely Ice Free By Next Year

Seizing the Future: Budget battle in Washington; Obama: “Live within our means”…by spending into oblivion

Bonus-Mania at GM

21 Signs That The Once Great U.S. Economy Is Being Gutted, Neutered, Defanged, Declawed And Deindustrialized

Uncovered: The 15 Tax Hikes Hidden in Obama’s New Budget

Obama’s New Budget: $1.65 Trillion Deficit for This Year

Wisc. Gov. Briefs National Guard About Unrest After Unions Blast Emergency Budget

Get Ready: Clothing Prices Set to Rise 10% This Spring

Opponents Push New Efforts to De-fund & Discredit Planned Parenthood

Ethics Group Knocks Thrifty Lawmakers for Sleeping in Their Capitol Hill Offices


Derivatives: The Real Reason Bernanke Funnels Trillions Into Wall Street Banks

Travesty of a Mockery of a Sham, Phase II

The Egypt Crisis Will Engulf The Arab World, And Then Spread To Europe

MetLife Profits Fall 74% as Derivatives Loss Widens

America’s inflation alarm is growing ever louder

Staple Food Prices Fastest Rise in Five Years

Corn’s rally feeds a ‘global food fight’

Kraft says more price increases ahead

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