Saturday, October 10, 2009

Politics of Health Care Reform - Budget Implications

http://www.nytimes.com/2009/10/11/health/policy/11cost.html?_r=1&hp

Compare with my August 25, 2009 Post on "Bank Stress Tests and Deleveraging"

Small bank failure rate: http://www.nytimes.com/2009/10/11/business/economy/11banks.html?_r=1&hp

Projected California Budget Deficit

Bloomberg.com reports that there is expected to be a shortfall in the California budget in the current fiscal year: http://www.bloomberg.com/apps/news?pid=20601087&sid=ahpLpu9sKLyY. The article mentions the bond market, and how California and other sub-national governmental units rely on bonds to finance a variety of public activities.

Wednesday, October 7, 2009