Economy

(MercuryNews) – Defeat of jobs bill in Senate costly to California

Hundreds of thousands of jobless residents will see their unemployment checks cut off. The deficit-plagued state budget stands to lose billions of desperately needed dollars. And a tax credit for research and development, long prized by the tech industry, appears to be on life support. Read More Here

(Telegraph) – Ben Bernanke needs fresh monetary blitz as US recovery falters

Federal Reserve chairman Ben Bernanke is waging an epochal battle behind the scenes for control of US monetary policy, struggling to overcome resistance from regional Fed hawks for further possible stimulus to prevent a deflationary spiral. Read More Here

(InfoClearingHouse) – Mission Accomplished:The Reagan Occupation and the Destruction of the American Middle Class – Read More Here

(WoodTV) – 400k unemployed in MI to lose benefits

Comes on heels of GOP killing Senate extension Read More Here

(WeAreChange) – We are Change Plans End the Fed protest on Independence Day

We Are Change groups from MD, VA and DC have joined togeather to hold an End The Fed protest in Washington DC in honor of Independence Day. The event will be on Saturday, July 3rd and the permits are already in. Read More Here

(KDVRDenver) – Bank of America, Freddie Mac Sell Homes Without Notice – Read More Here

(USAToday) – Obama Gets “Financial Reform” Bill as He Heads for G20

“We are poised to pass the toughest financial reform since the ones we created in the aftermath of the Great Depression,” Obama said at the White House as he prepared to leave for the G-20 summit in Canada. Read More Here

(WPost) – New Financial Overhaul Gives Government Broad New Powers To Seize Financial Firms – Read More Here

(BusinessInsider) – These 8 Members Of Congress Are Under Investigation For Fundraising During The Financial Reform Debate – Read More Here

(FoxNews) – Senate Republicans Defeat Jobless Aid Measure Over Deficit Fears

The Senate has failed to reach an agreement to extend weekly jobless benefits, leaving more than a million out-of-work Americans without an unemployment check by week’s end.

The 57-41 loss was a major blow for President Obama and Democrats. They needed three more votes — for a total of 60 — to stop a GOP filibuster. Read More Here

(TampaBay) – Pinellas to lay off 211 county workers

The layoffs run through virtually every department, affecting everything from parks and street repairs to customer service and health care. Read More Here

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