Obama Hits NEW LOW In Latest Gallup Poll, White House Staff Gets Big Pay Raises, Germany & France Say NO To Eurobonds, Soros Calls For EU To Dump Greece & Portugal

Stories from around the web this weekend.

• BofA CEO Moynihan Said to Press Geithner on Foreclosure Agreement - Bloomberg
• Germany and France say NO to eurobond proposal
• Soros suggests Greece, Portugal quit euro-zone
• Appeals Court Rules OBAMACARE Is Unconstitutional
• Judge Appointed By Clinton Strikes Fatal Blow On Obamacare
• Gallup POLL - Obama job rating sinks below 40% for first time
• Pakistan let China see downed US stealth helicopter - FT
• White House Staff Get HUGE Raises - List Of Top 20
• Obama's Martha's Vineyard Vacation Will Cost Taxpayers Millions
• Greek pension fund stops payments to the DEAD
• The Market From The Eyes Of An 8 Year Old
• Another Real Estate Time Bomb: Unsellable Vacant Homes?
• Russian banker steals billions and runs for London
• Yuan’s big rise may signal new China currency policy
• More Military Suicides Than Combat Deaths In Last 2 Years

Comments

[DailyBail]

The U.S. Postal Service, which expects to run out of money next month, may have a hard time carrying out a proposal to cut 220,000 jobs by 2015, according to a postal executive and a labor professor.

http://www.denverpost.com/business/ci_18672943

[DailyBail]

Next budget showdown is just 6 weeks away

http://www.marketwatch.com/story/next-budget-showdown-is-just-6-weeks-away-2011-08-15?link=MW_home_latest_news

[DailyBail]

NEW YORK (MarketWatch) -- Bank of America Corp. BAC +4.18% sold its third international credit-card portfolio of the year and said it plans to exit its much larger consumer credit-card operations in the U.K. and Ireland.

The nation's biggest bank by assets said it has reached an agreement to sell its $8.6 billion Canadian card portfolio to Toronto-Dominion Bank for an undisclosed amount. Earlier this year the bank announced deals to sell its Spanish card unit and a small-business card unit in the U.K., and the bank said it now plans to shed other European card units because they aren't core to Chief Executive Brian Moynihan's plans.

http://www.marketwatch.com/story/bank-of-america-exiting-intl-cards-business-2011-08-15

[DailyBail]

LOS ANGELES (MarketWatch) — Exactly 40 years ago Monday, the U.S. dollar formally became a fiat currency, as then-President Richard Nixon “closed the gold window” and ended the greenback’s precious-metal guarantee.

http://www.marketwatch.com/story/gold-standard-debate-back-40-years-after-nixon-2011-08-15?Link=obinsite

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