Financial News Update – 08/04/10

22 Statistics About The Coming Pension Crisis That Will Keep You Up At Night

12 Charts On The State Of The World Gold Market

Disasters as stimulus and the broken-window fallacy

Tim Geithner: Look, We Always Knew The Recovery Was Going To Be Garbage

100 Wasteful Stimulus Projects That Actually Cost America Jobs

Another Sign The World Doesn’t Need America Anymore — Indonesian Port On Track To Be Larger Than Los Angeles’

Europe Starts To Panic Over The ECB’s Next Chief: Axel Weber

Senate Scrambling To Pass $26 Billion Bailout For The States

Why You Should Beware The Downward Move In Durable Goods

The Fed Prepares Its First Step Into Quantitative Easing Part II

Why Are Markets Ignoring The Obvious U.S. Slowdown As If It’s Nothing?

Missouri bans ObamaCare

Get Ready for Gold Rush in China

Morning Bell: Let’s Get the Gulf Back to Work

The Truth About the 2001-2003 Tax Cuts

Gulf Spill Update: Listen to Resident and End the Oil Ban

Side Effects: Obamacare Causes Some Insurers to Stop Offering Coverage for Kids

Raiding and Regulating the New Enemy in the War on Drugs: Rawesome ‘Foodies’ (Hat Tip: Jean Stoner)

Bad News For JPMorgan: Head Of Commodities & Currencies Tells Desk, “Don’t Panic”

Wheat Soars; Rogers Sees ‘Much Higher’ Food Prices (Hat Tip: Brian B.)

A history lesson about your Social Security card and benefits

WOW! “SHOW ME STATE” SHOWS OBAMACARE THE DOOR… Prop C Passes By Over 70% (Hat Tip: Brian B.)

US FedGov Saves the Day

Technocrats Take Over Greece

Sharron Angle Ad: Nevada’s Property Rates Plummeted Under Harry Reid

The Era of Obama: Clorox Co. Loses Net Income to Taxes?

Mad Maxine’s minority fat-cat bankers

The revolt against Obamacare: Missouri opts out

Maxine, Barney, Fannie, Freddie & TARP Hanky-Panky

N.Y. Fed May Require Banks to Buy Back Faulty Mortgages, Assets

China Said to Test Banks for 60% Home-Price Drop

Obama Tells Labor Leaders He’ll Pursue Union-Friendly Agenda

Voters overwhelmingly rejected federal mandate to purchase health insurance

Taxpayers shell out $700,000 for Obama’s ad campaign to improve opinion of healthcare plan

San Jose becomes latest California city to vote on marijuana tax

City That Outsourced Everyone Is Snared by Pay Scandal

British gov’t moves to dramatically cut public funding for arts

GM, FORD and CHRYSLER Sales All Lag Estimates

GOTCHA: Gov’t Workers Caught Double-Dipping Benefits


Commodities – Wheat Soars; Rogers Sees ‘Much Higher’ Food Prices

Food prices to soar 10% in time for the New Year.

Global Wheat Shortage Feared

Is the End Game Hyperinflation or Debt Implosion?

James Altucher: 7 Reasons Not to Send Your Kid to College.

A Run on Spanish Banks?

World oil prices approach $82

Faltering US recovery trips dollar

China Seeks to Widen Gold Market

Superman Comic Saves Family Home From Foreclosure

Pending Home Sales Hit Record Low

Cash Strapped California Consider Legalizing Sports Gambling

Stimulus Slammed: Republican Senators Release Report Alleging Waste

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