Business/Economic/Housing/Layoff News for August 24, 2010

7:06 AM EST - Stock futures drop on global economic worries; traders brace for weak housing report.

Hussman: Why Quantitative Easing is Likely to Trigger a Collapse of the U.S. Dollar

Leaked Documents Provide Glimpse Behind Baseball’s Financial Curtain

15-year high for the Japanese yen

Mish: Dissent at the Fed, 7 of 17 Express Reservations about QE; Appeals Court Refuses Fed's Motion to Dismiss Bloomberg's Freedom of Information Request

First Time Ever: Pay TV Subscribers In The US Decrease

Great Recession, Great Depression

Zero Hedge: Mapping The Tipping Points

Zero Hedge: How Hyperinflation Will Happen

Mogambo Guru: "Inflation Follows The Stimulus Boom"

The Fed Can Create Money, Not Confidence

Barry Ritzholz Video - Are We In An Economic Purgatory?

Sign of Trouble? Bankers Pitch 100 Year Bonds

Bond Funds Attracting Cash Like Stocks During Dot-Com Boom: Credit Markets

The End of Management - Corporate bureaucracy is becoming obsolete. Why managers should act like venture capitalists

WSJ: Facing Budget Gaps, Cities Sell Parking, Airports, Zoo

Wikipedia entry on "Quantitative Easing"

How to protect your money during deflation

Der Spiegel: On The Way Down - The Erosion Of America's Middle Class

Marc Faber: Protect Your Property with High Voltage Fences, Barbed Wire, Booby Traps, Military Weapons and Dobermans

Credit Card Rates Fly Through The Roof

The Age of Nations is Over. The New Urban Age has Begun.

Boarded-up Tuscon, Arizona complex excels now in a sorry way - decay

The Housing-Market Diagnosis: Still Weak
15 Signs The U.S. Housing Market Is Headed For Complete And Total Collapse

Henry Blodgett - Now They Tell Us: Experts Say Housing Is A Lousy Investment And Always Will Be (video included)

The U.S. Housing Fetish Hurts the American Dream

Homeowner confidence in real estate market dips

Mish:Commercial Real Estate Foreclosures to Hit Chicago "Loop", First Since 1999; Big Wave of Commercial Foreclosures, Bank Failures Coming

What to Do With a $7.6 Million Home? Tear It Down!

Even high-end properties can't escape foreclosure wave in Palm Beach County


Sacramento Wastewater Plant Upgrade Would Cost 390 Jobs Per Year

Canadian Pacific Railway Plans To Announce Job Layoffs In The Next Two Weeks

Business/Economic/Housing/Layoffs News for August 2, 2010

US infrastructure commentary: "The Unpaved Road To Serfdom"

Greece turns to military as truck drivers refuse to end strike

'Disastrous' - Former Fed head, Alan Greenspan, says Republican plan to extend Bush tax cuts would kill the struggling recovery

Nielson: The End Game is Either Hyperinflation or Debt Implosion - Got Gold?

Gold Has Got Its Groove Back

One bln tonnes of coal found in Mozambique

BP seeks to permanently seal oil well in Gulf of Mexico

5 reasons why the California real estate market will weaken from August to December of 2010: California budget delay, inventory growth, and three other important factors.

How Australia's banks could trigger a property crash

Warren Buffett's Mr. Fix-It: Full Version

Spoiler Alert: U.S. Unemployment Is Now Rising, Not Falling

Restaurant Index shows contraction in June

Homeless shelter network closing 11 of 15 locations in Seattle, forcing homeless into the streets

Last Friday was the last day on the job for 192 San Jose, California city government workers

Business/Economic/Housing/Layoff News for July 27, 2010

Oil well just off course of Louisiana hit by barge this morning, 20 foot high oil spew still not capped, booms surrounding spill

US shopping center vacancy rates rose in 2nd qtr

Cap-And-Trade Advocates See Tougher Battle After Elections

Taleb: Government Deficits Could Be the Next 'Black Swan'

Unless women take control of Wall Street and America, 'The End' is near

The Illustrated Guide To Larry Summers' FinReg Hypocrisy And Hallucinations

The Government's Role in the Housing Bubble

Sickness, late pay, faulty equipment & lies . . . what it's like to be one of the non-inmates working for BP cleanup crews

With scores of coastal residents out of work after the spill, BP is hiring inmates to clean up its mess—and getting lucrative tax breaks in the process

Undersea oil plumes linked to BP Oil Volcano

As counties across the USA run defecits, more asphalt roads are returned to gravel

Derek Thompson of The Atlantic - "The Scariest Unemployment Graph I've Seen Yet"

James Howard Kunstler: "What Is It?"

London bankers buying up 1974 book on mechanics of Weimar Republic hyper-inflation

Head of Bush's TARP program for bankers, Neel Kashkari, wants to cut entitlements such as Social Security for the Middle Class

Cities looking at giving away land and cracking down on non-profits as a means to generate more revenue

Rochester schoolboard to give pink slips to 116 teachers

United Technologies to cut another 1500 jobs for remainder of 2010

Pennsylvania state government employee layoffs still coming

Must Read Of The Day - - - Roger Ebert: "BP's Tree Fell On My Lawn"

Nassim Taleb: "The Tumor Is Bigger"

Nassim Taleb, the visionary who wrote the book "The Black Swan" before the Credit Crash heard around the world, is back after a one year layoff. Taleb has been writing a new book. And now he tells us things are worse than ever before.

Taleb thinks we are heading for a hyper-inflationary world. He says all we've done is taken private debt and turned it into public debt, and everytime that has happened in History, all ends in disaster.

This is a ten minute video interview which will raise the hairs on your arms:
Taleb says what we need to do to correct our way is "Blood, sweat and tears." Or force our democracies into austerity as we've just forced upon the Greeks.