The Top Ten Financial Links Of The Day
Bloomberg – Chrysler reports $199 million quarterly loss (reported as a great thing).
Telegraph – Champagne cellars could run dry by April/May, French producers warn **HT J.M. Heinrichs
Rasmussen Reports - While a number of states now face serious budget shortfalls, most voters continue to oppose federal bailout funding to help them out. The latest Rasmussen Reports national telephone survey finds that just 26% of Likely U.S. Voters believe the federal government should provide bailout funding for states with serious financial problems. Fifty-three percent (53%) oppose individual state bailouts, and another 21% are undecided **HT J.M. Heinrichs
APN – The foreclosure crisis is getting worse as high unemployment and lackluster job prospects force homeowners in an increasing number of U.S. metropolitan areas into dire financial straits.
Mercatus – Jobs, Jobs, Jobs: Where do they come from **HT J.M. Heinrichs
How To – How to communicate if your gov’t shuts down the internet (talk?)
Guardian – UK: Store bosses cut the equivalent of more than 10,000 full-time jobs in December as they reduced staff working hours and neglected to offer overtime during the industry’s busiest month of the year.
The Market Oracle – US real statistical economic recovery, bubble complacency
FDIC – Four more banks bit the dust last week
Bloomberg - President Barack Obama’s health care law, assailed as an abuse of federal power in a 26-state lawsuit, was ruled unconstitutional by a U.S. judge who said Congress overstepped its authority to regulate commerce. U.S. District Judge Roger Vinson in Pensacola, Florida, declared the entire law unconstitutional today in a 78-page opinion. He said the law’s provision requiring Americans over 18 to obtain insurance coverage exceeded Congress’ powers under the commerce clause of the U.S Constitution.