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NEWS SUMMARY:

(Before Its News) Peter Schiff says that ultimately the United States will go the same way as Greece. Before the entire country goes, a state like California may go bankrupt.
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(WSJ) The cost of feeding millions of starving people increased markedly in 2010 as rising grain prices pushed up the cost of staple foods, data from the World Food Program showed Tuesday.
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(Bloomberg) Job openings in the U.S. decreased in December to the lowest level in three months, signaling a sustained labor-market recovery will take time to develop.
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(Bloomberg) ank of America Corp., the largest U.S. lender by assets, agreed to pay $410 million to settle lawsuits alleging deceptive practices in the management of customer accounts that led to excessive fees for overdrafts.
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(Reuters) - The Federal Reserve should seriously consider pulling back on its $600 billion stimulus program given stronger growth and a brighter jobs picture, Richmond Fed President Jeffrey Lacker said on Tuesday.

HEADLINES WITH LINKS:

Peter Schiff -There Will be Riots in the Streets
http://bit.ly/he4xQL

POP QUIZ: How Much Has Safeway Hiked Food Prices Just Since November?
http://read.bi/hv3oIY

5 Simple Ways to Prepare for the Coming Food Crisis
http://bit.ly/e8r9J7

Cost of Feeding World's Poor Leaps
http://on.wsj.com/hjsFJf

Rising Food Prices May Not Signal New Crisis
http://bit.ly/eB9RMp

Surviving Mao's Great Famine
http://bit.ly/i3YMT9

Bond Market Flashes Inflation Warning
http://on.wsj.com/etyHZT

Premium on Bond Yields Lowest Since August '07
http://on.wsj.com/ePGZj8

Michigan Prepares For A Tsunami Of Muni Financial Crises
http://read.bi/fPRKTp

States turn down federal money for jobless benefits
http://yhoo.it/firHBL

Obama to Seek Interest-Rate Relief for State Unemployment Plans, Lew Says
http://bloom.bg/ihl2FI

Job Openings in U.S. Decrease to Three-Month Low
http://bloom.bg/fGG3AQ

Find A Job? Good Luck In This Economy -- 10 Reasons Why The Latest Unemployment Numbers Are No Reason To Cheer
http://bit.ly/fO20S8

Why It Could Easily Be Another 7 Years Before We're Back To Old Employment Levels
http://read.bi/i6o5Hc

Unemployment fix could hurt businesses, economy
http://bit.ly/gGL1wH

Home Affordability Returns to Pre-Bubble Levels
http://on.wsj.com/i0J0If

US grapples with rising homelessness
http://bit.ly/fcaPly

Huge debts loom over British poor
http://bit.ly/hPlR7d

Lisbon subway workers on strike
http://bit.ly/h1HCKZ

UK government 'should rethink cuts and raise pension age'
http://bit.ly/fT40op

The Death of Pensions: 5 Emerging Trends That Will Affect Us All
http://bit.ly/dQ902l

German Factory Orders Declined in December After Surge
http://bloom.bg/h7AFsN

Chrysler CEO apologizes for description of bailout
http://bit.ly/idFmJy

Airline Losses May Top $600 Million on Record U.S. Cancellations
http://bloom.bg/gPfR3T

Berkshire Hathaway to buy rest of Wesco
http://reut.rs/gpQjrE

Gore's Investment Firm Said to Start $500 Million Asian Fund
http://bloom.bg/gd0NBs

Bank of America to Pay $410 Million to Settle Overdraft Manipulation Claim
http://bloom.bg/f8I4Me

Arcelor Predicts U.S. Rebound, Posts $780 Million Loss
http://on.wsj.com/hLGnfK

On Street, Pay Vaults to Record Altitude
http://on.wsj.com/hjuCAI

Bernanke Urges Congress to Reduce Deficit
http://bit.ly/enlEch

Bernanke Bets Commodities Won't Fan Inflation Concern
http://bloom.bg/hskj70

Fed should rethink stimulus given strong growth: Lacker
http://reut.rs/gtvX1A



Florida governor cuts spending and taxes in budget
http://reut.rs/eKrexj

One-third of state parks put on potential closing list after Gov. Scott calls for budget cuts
http://bit.ly/hNpJuT

States Seek Prison Breaks
http://on.wsj.com/eXeBqE

U.S. plans to inject $53 billion into passenger rail
http://reut.rs/fWSEFf

Ex-SAC Employees Are Charged in U.S. Insider Probe
http://bloom.bg/gMmZkB


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