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Economics and Investing:
U.N.
panel says world should ditch dollar. (Kudos to Laura H. for the link.)
The Appenzell Daily Bell reports: AIG world of $1.6 trillion derivatives trouble
England may be unable to sell all of its bonds: UK
overhauls debt
issuance protocol. In related news: Dollar
falls sharply on Fed statement. And, meanwhile in Japan: BoJ
ramps up purchase
of government bonds. Sounds like a race to the bottom, to me. (Thanks to
G.G. for all three of those links.)
Three More Banks Go Down: Teambank,
Paola, Kansas; Colorado National Bank, Colorado Springs, Colorado; FirstCity
Bank, Stockbridge, Georgia. And in the
same week: Two
corporate credit unions taken over by government
Items from The Economatrix:
Post Office Offering Early Retirement to 150,000 Employees, Cutting Managers
Is Obama/The Fed Manipulating the Stock Market?
Stocks End Week in Slump
Fed to Pump Another $1 Trillion Into Economy
13 Companies Getting Bailout Money Owe Back Taxes
New Jobless Claims Have Topped 600,000 Each Week for Past Seven Weeks
Greenbrier Resort Files Bankruptcy
