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U.S. schools in ‘category 5’ budget crisis – Education- msnbc.com Now, many states have nearly exhausted their windfalls from the federal economic stimulus plan, and with falling housing values shrinking property tax revenue — the largest source of public school funding — the question for state and local officials planning budgets for the next school … Read more

Yuan rise would be disastrous: China export body | Reuters A rise in the yuan would be a disaster for labor-intensive Chinese exporters, a semi-official trade group said on Thursday, as frictions grow with the U.S. and other Western powers over Beijing's stable currency policy. (tags: China economy currency) Zvi Bodie on Financial Planners and … Read more

Japan's New Government Is Frustrated by Strong Yen – WSJ.com Japan's stubbornly strong currency is becoming a source of frustration for the country's new administration, and a source of confusion for many traders. (tags: yen currency Japan economy) Senators back bill to pressure China on currency | PBS A group of 14 U.S. senators unveiled … Read more

Loans Going Bad Faster Than the Fixes – CNBC The good news is the pace of loan deterioration is slowing. The bad news is we are still seeing record high delinquencies, and new delinquencies are outpacing loss mitigation efforts. (tags: mortgage foreclosure) Why Applied Materials Should Curb its Solar Plans : Greentech Media In the past few … Read more

Pound Bears Bet More Than When George Soros Beat BOE (Update2) – BusinessWeek Futures traders are more bearish than ever on sterling amid concern that the currency’s worst annual start in 13 years will continue as the U.K.’s budget deficit approaches the Greek shortfall that roiled the euro. Wagers on the pound weakening against the … Read more