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Noteworthy News – July 18, 2011

Economy:

A Tale Of Two Countries: The Growing Divide Between Silicon Valley And Unemployed America – TechCrunch

Ben Bernanke: High unemployment rate to persist, even as economy revives - CS Monitor

U.S. Budget Deficit Narrowed to $43.1 Billion in June on Slower Spending – Bloomberg

Markets:

The Debt Crisis: If Treasury Bonds Aren’t Safe, What Is? – Wall Street Journal

The horrifying AAA debt-issuance chart – Reuters

The Housing Horror Show Is Worse Than You Think - Bloomberg

Fewer Foreclosures Now. More Foreclosures Later. – NPR

Shift in petrodollar to unnerve Western markets – Reuters

Politics:

When A Turn Toward Austerity Turned To Disaster – NPR

Bernanke: Fed May Launch New Round of Stimulus – CNBC

Moody’s, S&P Warn Of US Credit Rating Downgrade – CNBC

The Giant Disconnect Between Wall Street and Washington – The Atlantic

Banks:

New ATM Designed For Semi-Literate and Illiterate Populations – Scientific American

Eight banks fail EU stress test with 16 in danger zone – BBC News

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Posted in Economics, Markets, Media, Politics.


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