Links
More consumers late on auto loan payments in 3Q – Cash for clunkers…The increase from the second quarter to the third quarter of this year was far greater, reflecting both the weak economy and seasonal trends
Bank of Japan tries new stimulus – The Bank of Japan has announced new measures to boost the economy and tackle deflation. The new is the old same spending
Protectionism, yuan pressure ‘unfair’: Wen – Premier Wen Jiabao yesterday rejected “unfair” calls from European countries for faster reform of China’s currency policies, despite lobbying from EU financial chiefs at the weekend.
Exploding Dubai’s debt myths – It has become commonplace to refer to the fallout from last week’s decision by Dubai to ask Dubai World’s creditors for a six-month delay in payments as a “debt crisis”. It is not.
Morgan Stanley fears UK sovereign debt crisis in 2010 – Britain risks becoming the first country in the G10 bloc of major economies to risk capital flight and a full-blown debt crisis over coming months, according to a client note by Morgan Stanley.
Angela Merkel alarmed by worsening credit crisis – The German government is rushing through a fresh package of measures to shore up ailing banks and prevent a second wave of the debt crisis suffocating large parts of manufacturing industry.
Va. to borrow $1.26 billion for depleted unemployment funds – The state’s average unemployment tax per employee will jump from $95 this year to $171 in 2010 and to $263 by 2012, the VEC said in a Sept. 29 presentation to the Commission on Unemployment Compensation.
Random Thoughts on the Passing Scene – Since this is an era when many people are concerned about “fairness” and “social justice,” what is your “fair share” of what someone else has worked for?
Climategate: Follow the Money – The louder the alarm, the greater the sums.
Temporary Workers and the 21st Century Economy – The surge in temp hiring is not a sign of a malfunctioning economy. It is the face of the future.
HHS would become federal giant under Senate plan – Health and Human Services Secretary Kathleen Sebelius would be awarded unprecedented new powers under the proposal, including the authority to decide what medical care should be covered by insurers as well as the terms and conditions of coverage and who should receive it.
Unconstitutional Spending – The federal government, the 10th Amendment and why we should give more power to the states.
