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Economy - Economics USA

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NY Times

California, New York and other states are showing many of the same signs of debt overload that recently took Greece to the brink — budgets that will not balance, accounting that masks debt, the use of derivatives to plug holes, and armies of retired

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CalculatedRiskBlog.com

The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 0.5 percent in February, following a revised 1.9 percent increase in January [revised down from 3.1%].

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By Matthieu Auzanneau, Oil Man Blog, Le Monde.fr

The U.S. Department of Energy admits that “a chance exists that we may experience a decline” of world liquid fuels production between 2011 and 2015 “if the investment is not there”, according to an exclusive interview with Glen Sweetnam, main officia

News Link • Global Reported By Lauren Roseman
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ZeroHedge.com

Nassim Taleb explains the banking system in the second video. He makes the point that banks "eat like chickens, but go to the bathroom like elephants".

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online.wsj.com/

Personal income in 42 states fell in 2009, the Commerce Department said Thursday. Nevada's 4.8% plunge was the steepest, as construction and tourism industries took a beating. Also hit hard: Wyoming, where incomes fell 3.9%.

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Money News

One of the nation's largest labor unions, the Service Employees International Union, is promoting a plan that will centralize all retirement plans for American workers, including private 401(k) plans, under one new "retirement system" for the United

News Link • Global Reported By Glynda Perrotte
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www.moneynews.com

One of the nation's largest labor unions, the Service Employees International Union (SEIU), is promoting a plan that will centralize all retirement plans for American workers, including private 401(k) plans, under one new "retirement system" for the

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financialsense.com/fsu/

Rickards builds a foundation that the financial sector has grown to the grotesque. He makes a grand alert that in this dynamically complex system, the size of the maximum potential catastrophe is exponentially greater than ever. He calls it inescapab

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arclein

Why isn't Dodd's package going to be a financial panacea? Let me count the ways. 1 Bet on bureaucracy. As I read through the summary and browsed the text of the bill itself, it became painfully obvious that Dodd's bill is long on new b