Business/Economic Headlines For 17 June 09

100 Questionable Stimulus Projects

JP Morgan: Millionaire's Homes Will Lose Value Through 2012 With A Forecasted 60% Drop From Peak To Trough

New Wave of Foreclosures Hits The US

US Credit Card Defaults Rise To Record In May 2009

Robert Prechter says USA will probably lose AAA rating

California gasoline prices pass $3.00 a gallon again

California puts 90-day hold on foreclosures

Reverse Shadow Inventory In San Diego

Fitch Ratings Betting California Housing Will Fall Even More

Mish: "British Airways Asks Staff To Work For Free"

Daily Reckoning: "The Bubble Of All Bubbles"

Investors cool on US Bonds and equities

Watching the Herd: Everyone To The Lifeboats!

California's $100 Million Credit For New Homes Almost Gone

California Aid Request Spurned By Obama Administration

Philly: As Moratorium Expires, Home Ejectments Increase

"Something Called The Internet" (Video clip from 1994)

Business/Economic News From June 17, 1930

What Northern Virginia Needs Now Is New Homes?

John Mauldin: Fear For A Lost Economic Decade

Mish: Breakdown of the Fed's $13.9 Trillion Commitment

Banker's Are Scared. Are You?