CNN Finance – Egypt and the growing problem of global inflation **HT J.M. Heinrichs
WSJ – The global wheat market is caught between freezing winds and a sirocco. Prices, up 13% since the start of December, likely will keep rising **HT J.M. Heinrichs
Zero Hedge – Labour force participation plunges to 26 year low
Zero Hedge – Unemployment figures: terrible
Breitbart – World food prices reached their highest level ever recorded in January and are set to keep rising for months, the UN food agency said on Thursday, warning that the hardest-hit countries could face turmoil **HT J.M. Heinrichs
Reason – Coming Soon: a 300% increase in foreclosures (must read) **HT J.M. Heinrichs
Florida Today – United Space Alliance today completed notifying 548 Kennedy Space Center employees that they will be laid off on April 8. Some 697 USA employees companywide will be laid off that day, a figure that includes 145 in Houston and four in Huntsville, Ala.
Irvine Housing – Even as today’s featured property emerges from the shadows, the future inventory of foreclosed homes and distressed real estate continues to grow.
Asia Times – Food & failed Arab states
INO – Canada’s unemployment rate edged up in January 2011, after dipping to its lowest level in almost two years in November. Canadian economy created a surprisingly strong 69,200 jobs in January 2011, yet the unemployment rate increased by 0.2 percentage points to 7.8 percent, Statistics Canada revealed in its report today. Economists were expecting 15,000 more people were employed in this country last month after adding 22,000 jobs in December. The unemployment rate was expected to remain steady at 7.6 percent.