Well, well, well. We're at 24 hours and counting down until the July unemployment numbers come out, and here come the guesses.
Meanwhile ... U.S. Treasury Secretary Tim Geithner has moved from cursing out financial regulators in private meetings to openly castigating them for objecting to the administration's plan for overhauling financial regulation. Geithner tells the New York Times that the FDIC and SEC and every-doggone-body else has got to stop with the turf wars and start with accepting the proposal for a new systemic regulator.
James Kwak upsets your morning coffee with his bracing argument "You Do Not Have Health Insurance." Read it. I bet you'll see his point.
The U.S. Senate appears ready to pass a $2 billion extension of the Cash for Clunkers program. The Obama administration is considering using a good bank/bad bank approach to give Fannie Mae and Freddie Mac a clean start. (Links via Calculated Risk.)
Deutsche Bank says nearly half of all homeowners will owe more than their houses are worth by 2011, nearly doubling the number of folks who are underwater.
And finally, a supermarket in the U.K. has upset vegetarians with its plan to generate electricity by burning old meat. In the U.S., some coffee shops are locking up the electrical outlets — between the laid-off folks bringing in laptops and proprietors needing to save money and turn tables, that's two economic indicators in one.
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