- (Bloomberg) -- U.S. financial regulators pledged to inject additional funds into the nation’s major banks to prevent their collapse and will this week begin examinations to determine if they have enough capital.
- (Bloomberg) -- Asian nations will form a $120 billion pool of foreign-exchange reserves that can be used by countries to defend their currencies in an expansion of efforts to battle fallout from the global financial crisis.
- Hillary is pleading with China to continue buying US Treasury bonds amid mounting fears that Washington may struggle to finance bank bailouts and ballooning deficits over the next two years.
- Obama has set the goal of cutting the federal government's budget deficit in half by the end of his first term.
- Canada’s retail sales were down 5.4% in December
- Political unrest by Argentinean farmers continues over the issue of export taxes.
- The USDA said frozen pork supplies were up 3.5% YoY.
- The USDA said frozen supplies of orange juice concentrate were up 42% YoY
- Cocaine has fallen in price. It's now cheaper than beer, says the Telegraph.
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