Johnson Controls posts 4Q profit, backs guidance (AP via Yahoo! News)

Johnson Controls Inc. said Tuesday that cost cuts and operational improvements bolstered its profit in the fourth quarter, helping to offset the effects of the continued weak economy on its sales.

Interest rate explosion to follow debt explosion? – Garth's posterous

In 2003, Thomas Laubach, an economist in the Federal Reserve’s Division of Research and Statistics, wrote a paper titled “New Evidence on the Interest Rate Effects of Budget Deficits and Debt“. At the time, federal debt here in the U.S. …