You Might Have Him To Thank for Your Job
Professor Who Solved Stagflation Wins Nobel

By Nell Henderson
Washington Post Staff Writer
Tuesday, October 10, 2006; Page D01

http://www.washingtonpost.com/wp-dyn/content/article/2006/10/09/AR2006100900219.html

Liberty Dollars' Can Buy Users A Prison Term, U.S. Mint Warns

By Elizabeth Williamson
Washington Post Staff Writer
Tuesday, October 10, 2006; Page A19

http://www.washingtonpost.com/wp-dyn/content/article/2006/10/09/AR2006100900993.html

Russia's Gazprom Sends Its Western Partners Packing

By Steven Mufson
Washington Post Staff Writer
Tuesday, October 10, 2006; Page D01

http://www.washingtonpost.com/wp-dyn/content/article/2006/10/09/AR2006100901184.html

Putting the Dow Into Perspective

By Allan Sloan
Tuesday, October 10, 2006; Page D02

http://www.washingtonpost.com/wp-dyn/content/article/2006/10/09/AR2006100901370.html

Stock research could leave GOP feeling blue
Companies that favor Democrats produce outsize returns, study says
By Jonathan Burton, MarketWatch
Last Update: 12:01 AM ET Oct 10, 2006

http://www.marketwatch.com/News/Story/DBG549zvQTMzfs7spHwvWvz?siteid=mktw&dist=TNMostRead

I have a Google News alert set for 'homebuilders' This is the first story I've seen about a homebuilder going into bankruptcy. I know others think homebuilders may be in an accumulation zone. But I wonder how many more of these stories we will see?

Kara Homes in Bankruptcy After Mortgage Payment Offer (Update1)

By Kathleen M. Howley and Eric Martin

Oct. 9 (Bloomberg) -- Kara Homes Inc., a luxury builder in New Jersey that sells homes triple the average U.S. house size, filed for bankruptcy after discounts of as much as $246,000 and a year of mortgage payments failed to lure buyers.

The closely held East Brunswick, New Jersey-based company sought Chapter 11 protection in U.S. Bankruptcy Court Oct. 5, saying it owes $296.84 million to lumber, concrete, electrical, plumbing and woodwork companies while holding $350.18 million in assets, primarily unsold houses and land. One property for sale is the 6,319-square-foot, five-bedroom ``Buckingham'' model with a three-car garage, listed for $1.5 million in Freehold, New Jersey.

http://www.bloomberg.com/apps/news?pid=20601087&sid=azbpl3UtOiEw&refer=home

Mild winter expected for much of nation http://tinyurl.com/ge9g8

Winter heating bills likely to be lower

By KEN THOMAS, Associated Press Writer

WASHINGTON - Winter heating bills are expected to be slightly lower for most families across the nation, with the highest reductions for those who use natural gas, the government said Tuesday.

http://tinyurl.com/kr8qe

Another example of insiders running the market:

"Last week I overheard CNBC's Rick Santelli suggest that a good deal of the credit for the tight spreads in the corporate bond markets lies at the feet of Credit Default Swaps (CDS)"
(from www.minyanville.com)

http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=HET:US&sid=aRYbToux8KgA

Wouldn't these credit default swap derivatives create a LBO type of atmosphere which feeds into equitiy prices to drive them higher - just another way to make the market go where those in the know want it to go.