Economy News for July 1, 2010

[Cheryl Nelson]

1.3 Unemployed Won't Get Benefits Restored
http://finance.yahoo.com/news/13-million-unemployed-wont-apf-23988520.html?x=0

Stock Futures Head Lower To Open 3rd Quarter
http://finance.yahoo.com/news/Stocks-trade-in-narrow-range-apf-90609780.html?x=0

New Jobless Claims Rise In Sign Of Weak Job Market
http://finance.yahoo.com/news/New-jobless-claims-rise-in-apf-2896779054.html?x=0

Global Markets On "Cliff Edge" Amid Fears Over European Banks
http://www.guardian.co.uk/business/2010/jun/29/market-turmoil-banking-industry

Ambrose Evans-Pritchard:  Time To Shut Down The US Federal Reserve?
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100006729/time-to-shut-down-the-us-federal-reserve/

Suiting Up For A Post-Dollar World
http://www.safehaven.com/article/17286/suiting-up-for-a-post-dollar-world

US Money Supply Plunges At 1930's Pace And Housing Index Dives
http://www.marketoracle.co.uk/Article20631.html

UK Manufacturing Outlook Follows Euro-Zone Slowdown
http://online.wsj.com/article/SB10001424052748703571704575340173877425684.html

CBO Says Debt Will Reach 62% Of GDP By Year's End
http://thehill.com/blogs/blog-briefing-room/news/106355-cbo-says-debt-will-reach-62-percent-of-gdp-by-years-end

Fannie-Freddie Bailout Could Cost Taxpayers $1 Trillion
http://www.cnbc.com/id/37982580

Why Canada's Housing Market Didn't Crash
http://www.cnbc.com/id/38017232

Housing Cheapest In 40 Years, But Buyers Don't Need To Rush
http://finance.yahoo.com/tech-ticker/housing-cheapest-in-40-years-but-buyers-don%27t-need-to-rush-in-dan-alpert-says-511387.html?tickers=XHB,TOL,LEN,DHI,PHM,MAS,HD

Stocks Head For Worst Quarter Since March 2009
http://www.marketwatch.com/story/stocks-head-for-worst-quarter-since-march-2009-2010-06-30?siteid=yhoof2

Tired Of Fluctuations, Many Are Shedding Stocks
http://www.boston.com/business/markets/articles/2010/06/30/tired_of_fluctuations_many_are_shedding_stocks/

Short Sellers Flag School Stocks
http://www.politico.com/news/stories/0610/39186.html


OTHER:

A Cheaper Alternative To More Space:  TESCO Offers DIY Flatpack Home
http://www.dailymail.co.uk/news/article-1290552/Tesco-launches-DIY-flatpack-home-9-999-19-998-Clubcard-points.html