2010 Newsletters

Volume 3

• Number 1 (1/3/10)
  • 20 million received unemployment in 2009
• Number 2 (1/17/2010)
  • China has 384 million Internet users
  • Regulators shutter first 4 banks
• Number 3 (1/31/2010)
  • Ozone from China is causing smog in the Western U.S.
  • China’s last quarterly growth rate was 10.7%
  • 15^th bank shuttered
  • Half of critical infrastructure networks experienced sophisticated attacks
• Number 4 (2/14/2010)
  • China tariffs U.S. chicken imports
  • Only one bank shuttered during the week of two back to back blizzards
• Number 5 (2/28/2010)
  • 702 banks on the troubled list
  • Washington Metrorail fail-safe failed three times
  • Regulators shutter 22^nd bank
• Number 6 (3/14/2010)
  • Bank closings so far this year exceed all of 2008 and 2009
  • Chinese cyber-attack on Google targeted company source code
  • 30 banks shuttered this year
• Number 7 (3/28/2010)
  • Chinese researchers publish how to shut down the U.S. power grid
  • Hacker remotely disables 100 cars
  • 41^st bank closed
  • Personal data on 3.3 million student loan applicants stolen
• Number 8 (4/11/2010)
  • The U.S. CPSC recommends houses with tainted Chinese drywall be gutted
  • Regulators close 42^nd bank
• Number 9 (4/25/2010)
  • SEC charges Goldman Sachs with civil fraud that cost investors $1 billion
  • 57^th Bank Shuttered
  • Dick Fuld suggested a real-time monitoring super regulator
• Number 10 (5/9/2010)
  • Dow experienced the largest inter-day drop in history, down nearly a 1000 points during May 6 trading
  • Greece’s credit rating cut to junk
  • 68^th bank shuttered
• Number 11 (5/23/2010)
  • Gold reaches an all-time high then falls
  • 73^rd bank shuttered
  • U.S. contributed $50 billion for Greece’s bail-out
• Number 12 (6/6/2010)
  • Chinese supercomputer second fastest on record
  • 81^st bank shuttered this year
  • Japan calls on China to stop expanding its nuclear weapons stockpile
• Number 13 (6/20/2010)
  • 83^rd bank shuttered
  • April China deficit grew to $19.3 billion
  • Moody’s downgraded Greece’s credit rating to junk  
• Number 14 (7/4/2010)
  • White House suggests Internet users have smart cards and digital certificates
  • Work force decreased by 652,000
  • 86^th bank closed
• Number 15 (7/18/2010)
  • 88% of China’s June trade surplus came from the U.S.
  • 96^th Bank Shuttered
  • BP oil leak stopped  
• Number 16 (8/1/2010)
  • China passes the U.S. as the largest energy user
  • 108^th Bank Closed
  • The filed BP blow-out preventer was serviced in China  
• Number 17 (8/15/2010)
  • In 2010 Social Security will pay out more than it takes in
  • 40.8 million on food stamps  
• Number 18 (8/29/2010)
  • 118^th Bank Closed
  • Japan Will Weaken Its Currency
  • China’s Military Expands  
• Number 19 (9/12/2010)
  • flash crash still a mystery · 
  • FDIC’s list of troubled banks grew to 829
•  Number 20 (9/26/2010)
  • Gold reaches a new all-time high
  • Stuxnet was a weaponized virus
  • Record number of Americans living in poverty
  • China uses trade as a weapon against Japan
  • 127^th bank shuttered  
• Number 21 (10/10/2010)
  • SEC concludes algos to blame for the flash crash
  • Paroles electronic monitoring system for 49 states shut down for 12 hours
  • Gold reached new record high
  • IMF warns of currency wars
  • Regulators closed129^th bank
  • 95,000 jots lost in September  
• Number 22 (10/24/2010)
  • 139^th bank shuttered
  • Bank foreclosures set new record
  • China’s foreign reserves reach $2.65 trillion  
• Number 23 (11/7/2010)
  • Pontiac goes out of business
  • 143 banks closed this year exceeding all of last year
  • Gold set record high  
• Number 24 (11/21/2010)
  • FDIC investigating about 50 former bank officials
  • For 18-minutes last April, U.S. Internet traffic was routed through China
  • Federal Reserve Bank of Cleveland hacker charged
  • 49^th financial institution shuttered  
• Number 25 (12/5/2010)
  • North Korea shells South Korean island
  • Number of troubled banks on FDIC watch list increased to 860
  • Japan motions to kill Kyoto Protocol  
• Number 26 (12/19/2010)
  • 42.9 million people now getting food stamps
  • Stuxnet virus may have delayed Iran’s nuclear program by 2-years
  • North Korea warns, war will go nuclear
  • 157^th Financial Institution Shuttered