P.I.D. Radio 1/26/11: Phony Bonds

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PRESIDENT OBAMA gave a pretty strong SOTU address last night, as performances go. Content-wise, it was what presidents usually deliver: promises of lots of government for absolutely no cost to you.

Elsewhere: Italian cops find $20 billion in phony US bonds; World Economic Forum opens; “kingdom” economic summit coming; and Chinese high-speed rail in California.

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