News for 10/21
Just headlines:
- Cash-Strapped Cities File For Bankruptcy (NPR)
- Italian 10-year bond yield tops 6%
- Fed’s Tarullo backs more MBS purchases
- France Likely to Lose Top Rating in Stressed Economic Scenario, S&P Says
- Japan Cabinet OKs $158 billion extra budget
- Europe May Require $2 Trillion Fund, Nobel Winner Spence Says
- EU Considers Wielding $1.3T to Break Debt Impasse
- State economists predict $2 billion budget hole for Florida in 2012
- NY Fed: $1.853 Billion Borrowed Via Dollar Swap Facility In Latest Week
- CDS Traders Raise French Bets as EU Debates Greece: Euro Credit
- Euro-Area Debt Reaches Record 85.4% of GDP as Turmoil Deepens
- Santa Ana’s General Fund Balance Dips to About $300,000
- Cook County leader says layoffs in upcoming budget (about 1,000 layoffs)
- Northrop Grumman to shed 800 jobs
- Bill would encourage foreigners to buy U.S. homes
- Fresno’s Debt Downgraded Three Levels to A2 From Aa2 by Moody’s
- Euro Leaders Begin ’Tough’ Six-Day Marathon on Greece, Banks
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