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  • Skin care: Ways to nourish your skin!: ... provide nutrition to skin, inexpensively because you can find these inside your home. One such ingredient is honey; it tightens skin and helps keeping it fresh. Rose water is another such natural ingredient which provides smoothness and cleanses ...
  • Welcome to Neverland: Thursday the state planned to pay its bills with IOU?s instead of cash. I tried that today at my local food store. It didn?t work. People giggled for a moment. Then got quiet. Dead quiet. The kind of quiet that silently speaks anger. Yep. The people of California are pissed.
  • Rapporto Deficit/PIL: il peggiore dal ?99: Il comunicato ISTAT traccia una situazione dell?economia italiana analizzando entrate e uscite dello Stato e ponendondole in rapporto con il PIL. Analizzando il Conto economico delle Amministrazion i pubbliche relativo al primo trimestre 2009 emerge che l?indebitament o netto delle Amministrazion i Pubbliche in rapporto al Pil è stato pari al 9,3 per cento (5,7 per cento nel corrispondente trimestre del 2008).
  • Peter G. Peterson Foundation
  • YouTube - "Tyrannosaurus Debt" ~ Schoolhouse Rock: 1970's video
  • Greg Mankiw's Blog: Old Speeches, New Policies: The controversial parts of current fiscal policy are, first, the relative reliance on spending hikes versus tax cuts as short-run stimulus and, second, the long-term picture. On the short-run issue, I explained my preferences here. On the long-run issue, the apparent willingness of the congressional leadership to give away most of the allowances under a cap-and-trade system for carbon is the most recent symptom
  • What Does the Future Hold for Sino-American Relations?: Enjoy Chimerican Divorce? The symbiotic relationship between the Chinese and American economies is old news. To recap: China cheaply produces goods that American consumers buy. China gets a lot of dollars and re-invests those savings in dollar-denomia ted assets like Treasury Bills. This keeps the U.S. currency strong vs. the Chinese yuan. It also keeps inflation low and allows us to borrow at very cheap interest rates. In David Brooks' column today, he recounts a debate between Niall Ferguson and James Fallows about the future of Sino-American relations. Mr. Ferguson thinks that America's fiscal irresponsibili ty will lead the Chinese to "decouple " from the American economy by gradually stimulating its internal consumption and shifting assets away from the U.S. Ferguson thinks this process will fuelconflict. Mr. Fallows is on the opposite end of the specturm, arguing China is optimistic about participating in global integration, but frustrated by the U.S.'s lack of fiscal discipline.
  • InfoViewer: The recession tracks the Great Depression: Unsettling new Martin Wolf column in FT arguing that we continue to track the Great Depression http://snurl.c om/k9aka [from http://twitter .com/pkedrosky /statuses/2197 734533]
  • CNN poll: 1 in 8 says economic recovery has begun - Jul. 2, 2009: In a CNN/Opinion Research poll, 1 in 8 says economic recovery is under way Almost half think economy has stabilized - 40% say country is still in downturn.
  • California Set to Issue IOUs as Deficit Widens: The failure to balance the state's main checkbook and the looming IOUs prompted Gov. Arnold Schwarzenegger on Wednesday to declare a fiscal state of emergency.

July 2nd

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    Angels pull off another comeback - Los Angeles Times

    Angels outfielder Bobby Abreu hits a two-run double in the third inning during the Angels' 9-6 victory over the visiting Baltimore Orioles on Sunday. For the first time in more than 30 years, the Angels rally back from a four-run deficit for a second ...

    Municipalities look to furloughs to fill budget gaps - Wisconsin State Journal

    In Fitchburg, where about 140 employees learned of the city?s proposed five-day furlough Tuesday, officials attribute the deficit to fewer building permits being issued and a loss of investment income ? two major sources of income outside of ...

    Royal Mail?s pension scheme could be closed - Times Online

    The chairman of Royal Mail?s pension trustees is considering plans to close its retirement scheme to existing members after legislation to part-privatise the postal service was shelved last week. It is understood that Jane Newell is mulling over ...

    Vatican Runs Deficit Amid Global Economic Crisis - Huffingtonpost.com

    VATICAN CITY ? The Vatican said Saturday it ran a deficit in 2008 as its finances and donations from across the world were hit by the global economic crisis. The Vatican posted a budget deficit for a second straight year, though the figures ...

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