Britannia Radio

Here is your Crux AM update: MUST read essay from Jeff Clark Guaranteed to be the most insightful piece of the week… Forbes analyst: Jim Rogers right on China, Jim Chanos wrong Says Chanos "clearly doesn't understand the economic system he's talking about." Porter Stansberry: The single biggest trend in all of finance "I expect it to last for a long, long time." Sex website Adult Friend Finder going public Site is taking in hundreds of millions in revenue… AP stimulus bombshell: Spending did nothing to create jobs Looks like we’ll need another big helping of “hope.” AP stimulus bombshell: Spending did nothing to create jobs Tuesday, January 12, 2010 From Newsmax: Ten months into President Barack Obama's first economic stimulus plan, a surge in spending on roads and bridges has had no effect on local unemployment and only barely helped the beleaguered construction industry, an Associated Press analysis has found. Spend a lot or spend nothing at all, it didn't matter, the AP analysis showed: Local unemployment rates rose and fell regardless of how much stimulus money Washington poured out for transportation, raising questions about Obama's argument that more road money would address an "urgent need to accelerate job growth." Read full article... More government stupidity: Tim Geithner engaged in blatant AIG cover up Boondoggle alert: The 10 most ridiculous uses of stimulus funds Retirement horror: Obama wants to take over your 401k's and IRA's ----------------------- Regards, Brian Hunt Editor in Chief, The Daily Crux www.thedailycrux.com