Saturday, January 8, 2011

They're are going to pay default rates

The Illinois legislature considers borrowing to pay current pensions. A bankrupt state announcing its own bankruptcy.
Boehner won't tell what he will cut.  Once we vote no on the debt limit then we get lots of suggestions.
Transportation Nation says California budget cuts make it harder to subsidize HSR. The correct word here is steal.
Somalia's al-Shabab bans mixed-sex handshakes In America we require Somalia men to lift their shirt.
Fears of a sovereign default are “manifest” in Europe and will soon spread to Japan and the U.S.  Willem Buiter We've already figured that out, thanks anyway.

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