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Noteworthy News – April 4, 2011


More Americans work for the government than in manufacturing, farming, fishing, forestry, mining and utilities combinedWall Street Journal

Marx, Mervyn or Mario? What is behind the decline in living standards? – The Economist

Many Low-Wage Jobs Seen as Failing to Meet Basic Needs – NY Times

Economy Adds 216,000 Jobs, Unemployment Falls to 8.8% – CNBC

Consumer spending: No pent up demand around here – The Economist


Dollar rallies as focus shifts to U.S. rate outlook – Reuters

Wal-Mart CEO Bill Simon expects inflation - USA Today

Gambling on a stocks break-out - Reuters


The Texas budget: A $27 billion shortfall may prompt a re-examination of the state’s priorities – The Economist

Skunked: Medicare, Medicaid and Social Security now account for 44% of total federal spending and are steadily rising. – PIMCO


Wachovia Paid Trivial Fine for Nearly $400 Billion of Drug Related Money Laundering – Naked Capitalism


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