The Top 10 Financial Links Of The Day
Bloomberg – Canadian retailers’ stocks have dropped to their lowest level since January 2005 compared with U.S. peers amid increasing competition from Wal-Mart Stores Inc. and Target Corp., the biggest American discounters.
USA Today – Borders, which grew from an independent bookstore in Ann Arbor, Mich., to the nation’s second-largest bookstore chain, filed for bankruptcy protection Wednesday and plans to close 200 of its 488 “superstores” within the next few weeks. It will lay off about 6,000 of its 19,500 employees (green shoots).
Real Estate Channel – Median list price in US falls 13% in January compared to last year
Watts Up With That? – Forget CO2, US debt “causes” gorebal warming
Washington Examiner – If a motto summed up the Obama presidency, it might be, “Life is short. Eat dessert first.” His policies are all about self-indulgence in the present, to be paid for with either long-run economic decline, or painful sacrifices by future generations.
Keith Hennessey – the long term budget problems begin now
National Review – Florida governor Rick Scott has just rejected $2.4 billion in federal high-speed-rail funds for his state, at the same time blasting the administration’s economic policies for making the U.S, and Florida, uncompetitive. There’s nothing to add. His press release is pitch perfect:
The Woodpile Report – Ol Remus has a must-read this week. Whatcha waiting for, I said MUST-read.
Global Economic Analysis – European sovereign debt crisis in pictures; nothing solved yet, credit stress close to all time highs
Imperial Economics – The secular trend of US employment
**With many, many HT’s to J.M. Heinrichs
February 24th, 2011 at 5:29 pm
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