LB Post – Facing another massive budget deficit in the 2011-12 school year, the Long Beach Unified School District board of education Tuesday will discuss sending layoff notices to more than 600 employees – most of them teachers.

WKBW – National Grid cutting 1200 jobs

Yahoo Finance – 11% of US houses empty

Housing Wire – RealtyTrac Senior Vice President Rick Sharga said major banks currently hold roughly 1 million REO, or homes repossessed through foreclosure, but only 30% have actually made it onto the market.

Instapundit – Egypt Woes Bring Global Food Inflation Fears to Fore    **HT J.M. Heinrichs

Patterico – An analysis of the Obamacare ruling: An Enlightened decision    **HT J.M. Heinrichs

Bloomberg – Construction spending in the U.S. unexpectedly fell in December to the lowest level in a decade, signaling the industry will continue to lag behind the economic recovery.

The Market Ticker – Health care unconstitutional: Obama sedition?

SHTF Plan – Panic buying: governments in Asia, Mideast and Africa stocking up on food reserves as prices rise, riots rage

Canada’s Housing Bubble – Federal gov’t should get out of the mortgage business

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