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Noteworthy News – June 20, 2011

Economy:

IMF cuts U.S. growth forecast, warns of crisis - MSNBC

U.S. economy’s rough patch: Here to stay? - MarketWatch

Off Shoring Ruined Incomes and Jobs for Most Americans – The Money Party

With executive pay, rich pull away from rest of America – Washington Post

Markets:

Oil drops, biggest weekly slide since May – Reuters

A risky currency? Alleged $500,000 Bitcoin heist raises questions - Ars Technica

Politics:

Merkel urges private creditors to help tackle Greek crisis – Deutsche Welle

Mayors See End to Wars as Fix for Struggling Cities - New York Times

Visual History of the Federal Reserve – Financial Graphs & Art

AARP Backs Long-Term Social Security Cuts - Bloomberg

Why a Greek default won’t ever be priced in – Reuters

Banks:

Sheila Bair’s Legacy: Bailouts, Secrecy And Power Grabs – Forbes

2 Big Banks Exit Reverse Mortgage Business – The New York Times

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Posted in Economics, Markets, Media, Politics.


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