NY Times | Remember the collapse of Lehman Brothers? Europeans certainly do.
Reuters | Plan would inject more than $300 billion into the economy next year through tax cuts, spending on infrastructure, and aid to state and local governments.
Reuters | Iceland’s president accused European countries of having bullied it into agreeing to a guarantee.
Daily Mail | The thin end of the US housing ladder
CNBC | European shares fell sharply on Monday amid renewed fears over the euro zone debt crisis and a warning from Deutsche Bank’s CEO on the outlook for banks.
Kitco News | Market watchers expect gold to post price gains next week with renewed worries in Europe over Greek debt and a lack of job growth in the U.S.
Zero Hedge | While the US was panicking over a double zero jobs report, things in Europe just fell off a cliff.
RT | Americans question if President Obama’s jobs creation plan, due to be unveiled next week, will have any effect on the economy.
International Forecaster | September 3 2011: Bernanke underestimates exposure, anticipating the demise of the Euro, and its corrupt system.
Zero Hedge | Another futile CME margin hike will do nothing but confirm that a stand alone gold standard is imminent.
WSJ | President Barack Obama, citing the struggling economy, asked the EPA to withdraw an air-quality rule.
CNNMoney | The August jobs report was dismal for plenty of reasons, but perhaps most striking was the picture it painted of racial inequality in the job market.
AFP | The struggling US economy added no jobs in August after 10 months of gains.
Terence P. Jeffrey | Gallup’s unemployment rate differs slightly from the federal government’s.
FT.com | Rise in value added tax on the hospitality sector from 13 per cent to 23 per cent is part of a package of fiscal measures agreed in return for the country’s second financial rescue by EU.
Raw Story | Kucinich said GE CEO and White House job czar should resign ‘because he’s sending jobs to China.’
AFP | A US government agency has objected to Bank of America’s $8.5 billion settlement.
Madison Ruppert | Clearly, the private Federal Reserve has done nothing but systematically destroying the American economy.
London Telegraph | If court rules €440bn rescue fund breaches Treaty law or undermines German fiscal sovereignty, it risks brushfire across monetary union.
The Daily Bail | Anonymous has now joined forces with AdBusters in calling for a non-violent occupation of Wall Street beginning on September 17th.
PhysOrg.com | The structure of the control network of transnational corporations affects global market competition and financial stability.
24/7 Wall St. | Rumor circulating that JP Morgan will takeover Bank of America within the week.
Zero Hedge | DAX flash crashes, and no rebound yet.
The Street | Will Fed Chairman Bernanke use this forum to announce QE3 or not?
Cryptome | You could look at Blankfein hiring external counsel as a normal prudent, legal move. But that’s naive.
Michael Synder | Unemployment is already at epidemic levels, and this country can’t afford for things to get much worse.
L.A. Times | When Obama took the oath twice on Jan. 20, 2009, the national debt was $10,626,000,000,000.
Bloomberg | Sales of new U.S. homes declined more than projected in July.
Bloomberg | Gold rallied to a record near $1,900 an ounce as economist Dennis Gartman said prices will go “parabolic.”
Madison Ruppert | Bloomberg has revealed that the “Wall Street Aristocracy” received a staggering $1.2 trillion in loans.
Baltimore Sun | Housing prices continue to fall through much of the region.
Bloomberg | Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression included lending banks and other companies as much as $1.2 trillion of public money.
AFP | Vice President said the world’s biggest economy would never default on its debts.
London Observer | Central bankers to hold annual summer retreat in Jackson Hole, Wyoming.
Bloomberg | Designed to encourage lending to small businesses.
AP | Gold reached new heights Friday, soaring as high as $1,881 an ounce.
Thomas J. DiLorenzo | Neocon talking heads took time out from anointing Texas Governor Rick Perry to chastise him for criticizing the Fed.
Gold Core | Venezuela’s central bank is the world’s 15th largest holder of gold.
ABC News | The state unemployment rate increased to 10.1 percent in July.
RT | 40 years ago today former President Nixon ended the last remnants of the gold standard.
AFP | The SEC may have destroyed documents related to possible violations by major banks and hedge funds.
guardian.co.uk | Global stock markets have resumed their recent slide.
The Gazette | More of the corn crop may go into gas tanks than into the stomachs of cattle and poultry.
Reuters | Owes Merrill Lynch Credit Corporation almost $1.2 million, according to the lawsuit filed August 9 in Martin County.
Mike Adams | Food prices are skyrocketing all across the globe, and there’s no end in sight.
Len Hart | The only pockets lined by GOP largesse (pork) are the pockets of an increasingly tiny ruling elite now just 1 percent of the total US population.
FT.com | The French debate about their national debt seems to have taken a new and faintly alarming turn.
Press TV | Zoellick pointed out that the world is now involved in redesigning the international financial system.
AFP | Pelosi appointed three close allies to a “supercommittee” tasked with finding deficit cuts.
Robert Bonomo | The recent financial fireworks in the US and in Europe have made it clear that QE3 is close at hand.