The Top Ten Financial Links Of The Day
Mercury News – LOS ANGELES—The school district said Tuesday that as many as 7,300 employees could be laid off in the upcoming school year to close a $408 million budget gap.
Biz Journal – Fort Lauderdale law firm Ben-Ezra & Katz confirmed Tuesday that it had laid off 236 employees on Monday (havea peak at the reason why).
Central Valley Business Times – Foreclosures surge in California
Money News – Inflation in Britain rose to double the Bank of England’s target in January, increasing pressure on the central bank to raise interest rates despite a fragile economic recovery. Consumer price inflation surged to an annual 4.0 percent — its highest in more than two years, November 2008 — from 3.7 percent in December, official data showed on Tuesday.
Before It’s News – On Tuesday Feb. 15, China reported its consumer prices (CPI) rose 4.9% year-over-year (yoy) in January, which came in less than expected. Economists were expecting 5.4% inflation, based on a Bloomberg survey.
The Market Ticker – The Producer Price Index for finished goods rose 0.8 percent in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This advance followed increases of 0.9 percent in December and 0.7 percent in November and marks the seventh straight rise in finished goods (** oh oh).
FDIC – Forgot to mention, but four more banks bit the dust last week
The Market Oracle – US economy flight 666, on a one-way inflation ticket to Zimbabwe
NY Times – Companies warn that higher prices are looming **HT J.M. Heinrichs
The Atlantic – Time to get serious about the deficit (what, NOW’S the time? How about 20 years ago?) **HT J.M. Heinrichs
The Hill – The chances for a federal gov’t shutdown are on the rise