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Noteworthy News – April 4, 2011

Economy:

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

Markets:

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

Politics:

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

Banks:

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



 

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Posted in Economics, Markets, Media, Politics.


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