The 35% subsidy from the federal government, i.e. taxpayers, to the states is about to end. $185 billion in these bonds was issued in 2010. With the House changing hands next year it is unlikely the program will be resurrected. Watch for a very rough year for muni bonds in 2011.
- Oil Prospectors Shift Back to Wealthy LandsAfter decades focusing on less-developed nations, big oil companies are piling back into wealthy countries with political stability that provides more-predictable cash flow. […]
- Luxembourg Covets the YuanThe small nation is seeking to be at the heart of a new trend in global finance: the rising use of China's currency outside its home market. […]
- Cotton Price Unravels as Supplies RiseCotton prices have retreated to the lowest level in nearly five years as investors worry that global production could overwhelm demand for the fiber. […]
- Oil Prospectors Shift Back to Wealthy Lands