Bernanke seeks to reassure vets in weak economy

WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke on Thursday tried to reassure U.S. soldiers, a group hit hard by high unemployment, that the Fed is working to strengthen the economy:

Selling Bonds for Love

Europe Tries Patriotism, Monthly Jackpots To Sell Bonds

Deficit Cuts Should Be Linked to Unemployment

Robert Reich (Trigger Happy: Why Deficit Cuts Should Be Triggered Only When Unemployment Drops to 5 Percent):

The Fed Urges For More Action

At Fed, louder calls for action on economy -

Economist's View: Paul Krugman: Legends of the Fail

Economist's View: Paul Krugman: Legends of the Fail:

The moral of the story:
Legends of the Fail, by Paul Krugman, Commentary, NY Times: ...Not long ago, European leaders were insisting that Greece could and should stay on the euro while paying its debts in full. Now, with Italy falling off a cliff, it’s hard to see how the euro can survive at all.

An Opinion: Prepare For Europe Collapse Before New Year

It’s official: The European Financial Stability Facility (EFSF) plan announced at the EU summit on October 27th is essentially dead prior to arrival.

As a consequence, Angela Merkel and Nicolas Sarkozy appear to be betraying signs of throwing in the towel on the Euro project as it exists today. They appear to be actively contemplating ways to engineer an orderly breakup of the Euro.

Iceland’s New Bank Disaster

Iceland’s New Bank Disaster

"The country is now suffering a second round of economic and financial distress stemming from the collapse of its banking system in October 2008. That crisis caused a huge loss of savings not only for domestic citizens but also for international creditors such as Deutsche Bank, Barclay’s and their institutional clients."

Portugal's Silva Says ECB Must Act More Aggressively

Yen Advances to Strongest Since Intervention on Europe Concerns

Yen Advances to Strongest Since Intervention on Europe Concerns -

The Best Bets For Today's Investment Landscape

The Best Bets For Today's Investment Landscape

BBC News - Today - 'No silver bullet' for eurozone

BBC News - Today - 'No silver bullet' for eurozone:

A Beautiful Chart On What Really Moves The Dollar

A Beautiful Chart On What Really Moves The Dollar: You know this has been the pattern day in and day out, but it's been the pattern for years now.

Eric Schoenberg: The Hypocritical Oath?

Wall Street Journal editor Stephen Moore recently called me a hypocrite because I am a rich American who favors higher taxes on the wealthy yet do not voluntarily pay more to the federal government than I legally owe....  

Rational Irrationality: Keynes vs. Hayek: Debate Diary

Rational Irrationality: Keynes vs. Hayek: Debate Diary : The New Yorker:

The euro crisis: Finito?

SILVIO BERLUSCONI'S promise to resign has done nothing to calm European bond markets. Italian bond yields are soaring today; both the two-year and the ten-year are above 7%. There are rumours that the ECB is in the market and buying heavily. If so, it's not having the desired effect. The ECB can't hope to keep yields reasonable through brute force. It will need to make an expectations-changing announcement. Will it? Italy's yields aren't the only ones rising. Markets are ditching Irish, Spanish, Belgian, and French debt too. The ten-year Treasury is back below 2%... READ MORE: