Fwd: breaking headlines economic

From: Life Walker

Date: 10 February 2010 19:43:05 GMT

To: undisclosed-recipients:;

Subject: breaking headlines economic

just when I was feeling comfortable !    Ray

 

 

U.S. Financial Collapse:

Washington Post: Snowstorm Heaps More Economic Misery on Stores

Nouriel Roubini for Forbes: U.S. Fiscal Situation a “Ticking Timebomb”

Wall Street Journal: Fannie and Freddie Stagger on as Wards of State

Mish Shedlock: Famous Last Words, “U.S. will never lose AAA rating . .”

London Times: Ivy League Schools Forced to Make Drastic Budget Cuts

State, City Collapse:

Wall Street Journal: Desperate States Weigh Selling Liquor Monopolies

Zero Hedge: Calfiornia Close to Defaulting on Debt Just Like Greece is

City Watch: Drastic Steps Need to be Taken to Prevent L.A. Bankruptcy

British Financial Collapse:

London Times: Credit Binge Takes Toll as 134,000 Britons Go Insolvent

London Times: British Pensioners Hit by a Stunning 70% Fall in Income

European Financial Collapse:

UK Telegraph: Markets in Turmoil as Fears for Euro Sprial Out of Control

UK Telegraph: Greek Crisis About to Escalate Into “Global Margin Call”

Financial Times: German Officials Scrambling to Build Greek “Firewall”

Business Insider: European Crisis, Not China, Will Trigger a Depression

Financial Times: Portugal Nearing a Political Meltdown from Debt Crisis

Real Estate Collapse:

SF Chronicle: Sales of Million Dollar Plus Homes Have Totally Cratered

Bloomberg: Serious Delinquencies on Jumbo Mortgages Soar to 9.6%

US News: More Americans Stop Paying Mortgage to Pay Credit Card Bill

CNN Money: Turns Out Buying a Foreclosure is Essentially a Money Pit

Peak Oil, Energy Crisis:

UK Telegraph: We Must Act Now or We’ll See Britain’s Lights Going Out

Chris Nedler: Mexico, Venezuela to Stop Exporting Oil to the U.S. Soon

Business Insider: Peak Oil Crunch to be Far Worse Than Credit Crunch

Crimes, Conspiracies, Corporate Criminality

NY Times: Report Sheds Light on Citibank’s Role in Money Laundering

NY Magazine: Lewis Says He’ll Take Paulson, Bernanke Down with Him

Cultural and Social Collapse:

NY Times: Americans Spend Average of $903/Year on Cellphones, Net

National Post: Canada Drops Hammer on Sales of Herbal Supplements

Most Important Articles from Yesterday’s Update:

Jim Kunstler: Teaparty Convention Marks Slide into “Weimar America”

Lloyd’s: Economic Recession Means Higher Risk of Instability, Violence

LATOC: The U.S. Supreme Court Just Disenfranchised American Voters

Best of the LATOC Archives:

Whiskey and Gunpowder: U.S. Being Turned Into a Command Economy

Tom Whipple: “Make believe world of Wall Street Journal is imploding”

LATOC: “Tuns out JP Morgan profits from the US food stamp program “