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I almost wrote the date as 2009 yet again. Sheesh. For those of you who took it easy over the weekend and haven’t read any CW material yet, welcome to the next decade. See the 160-story tower that awaits you in Dubai below. Must read A…

Which states are facing the worst budget deficits in 2010? / The Christian Science Monitor - CSMonitor.com (Hat tip Yves Smith) The Twelve Most Tarnished Brands in Tech|Technologizer Harsh lessons we may need to learn again -…

I have been largely silent about the recent populist call to arms by Arianna Huffington and Rob Johnson. The duo advise Americans to withdraw their money from bank accounts at too-big-to-fail financial institutions and deposit them in a…

Happy New Year to everyone. Welcome to 2010. Let’s keep dancing! When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.…

Holiday people, as we head into the new year, I’d like to get the pulse of Credit Writedowns readers on the state of the economy. Last night, I started a poll asking how long the recovery will last. I am not sure whether the poll…

Finance Business Spectator - Was the GFC a mathematical error? - Blog - Steve Keen (hat tip Rolfe Winkler) Keep a "Clean" Credit Card to Dig Out of Debt - Debt - Lifehacker GM ups discounts to sell Pontiac, Saturn inventory|…

42 year-old banker fired for being too old wins age discrimination case - Telegraph FT.com - Obama under fire on national security  (This charade only helps beat the drum for further foreign wars. Dems are always beaten up for…

Below are two videos and an article recounting the recent social unrest in Iran. Also see Biggest protests in months take place in Iran from the FT

FT.com / Columnists / Clive Crook - The real missed opportunity in Obama's first year “Top Ten Reasons to Kill the Senate Health Care Bill” - Yves Smith Extinction Countdown: Man convicted for killing and eating China's last…

If you recall, I posted a link on Yemen four days ago asking if Yemen was the next Afghanistan. Given the recent terrorist attempt in the U.S., expect Yemen to become more important and the permanent war state in the U.S. to turn some focus…