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Noteworthy News – July 23, 2012

Economy:

US poverty on track to rise to highest since 1960s - Yahoo! News

Our Ridiculous Approach to Retirement – New York Times

How the Elites Built America’s Economic Wall - Bloomberg

Economic history: Muddled models – Economist

Goldman: The rest of you should invest in America – Reuters

Many use payday loans to cover food, rent – MSNBC

Markets:

Silicon Valley Surgeons Risk ‘Moral Authority’ For 200% Returns - Bloomberg

Arming for the Syrian War: Do Soaring Prices Predict Escalating Conflict? – New York Times

Crops suffer as drought intensifies in U.S. breadbasket – Reuters

Drought Conditions Driving Corn and Soy to The Sky—Will Central Banks Make Things Worse? – Slate

Politics:

The eurozone’s religious faultline - BBC

Korea Feed Group Asks U.S. to Curb Corn, Soybean Use in Biofuel – BusinessWeek

Banks:

The European Stabilization Mechanism, Or How Goldman Sachs Captured Europe - Global Research

From an Unlikely Source, a Serious Challenge to Wall Street – Rolling Stone(Matt Taibbi)

U.S. banks haunted by mortgage demons that won’t go away – Reuters

 


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