Cash-Strapped Cities File For Bankruptcy (NPR)

News for 10/21

Just headlines:

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




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