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Noteworthy News – July 16, 2012


The Real Class Warfare is Baby Boomers Vs. Younger Americans –

Newly created jobs go mostly to men – LA Times

Rich and infamous: Which countries think that the rich deserve their fortune? – Economist

Why There Are Too Many Patents in America – The Atlantic

China Slows Despite Aggressive Stimulus – Businessweek


Moody’s Downgrades Italy’s Government Bond Rating to Baa2 from A3, Maintains Negative Outlook – Economonitor

The Puzzling Pre-FOMC Announcement “Drift” – Federal Reserve Bank of New York


The Progressivity of Taxes and Transfers – Greg Mankiw’s Blog

Buffett Says Muni Bankruptcies Set To Climb As Stigma Lifts – Bloomberg


U.S. Is Building Criminal Cases in Rate-Fixing – DealBook

JPMorgan’s Botched Trades May Generate $7.5 Billion Loss – Bloomberg

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