Yahoo Finance: Asia/Pacific markets are more positive Tuesday, with 8 up and 3 down. Biggest movers: Taiwan +1% and then Hong Kong and Sydney +0.8% each.
Financial Times: US public pensions face a shortfall of $2,500bn that will force state and local governments to sell assets and make deep cuts to services, according to the former chairman of New Jersey’s pension fund.
Financial Times: China Development Bank and China Export-Import Bank signed loans of at least $110bn (£70bn) to other developing country governments and companies in 2009 and 2010, according to Financial Times research. The equivalent arms of the World Bank made loan commitments of $100.3bn from mid-2008 to mid-2010, itself a record amount of lending in response to the financial crisis.
Econintersect: Barbara Ann Jackson founded a 501(c)(3) non-profit organization for community service in New Orleans, Law & Grace, Inc, in 1998. Most recently she and her organization have focused a great deal of effort on fraud that is executed within various foreclosure proceedings. Foreclosure proceedings have increased radically as a result of the bursting housing bubble.