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Noteworthy News – May 16, 2011

Economy:

Is Your Religion Your Financial Destiny? – New York Times

New Yorkers under 30 plan to flee city, says new poll; cite high taxes, few jobs as reasons – NYDailyNews

Markets:

Cleveland Fed Estimates of Inflation Expectations

Rising Gas and Food Prices Push U.S. Inflation Higher – New York Times

A 1980 copy of Playboy Predicts the Future for Silver – Daily Reckoning

What If the U.S. Treasury Defaults? – Wall Street Journal

The new tech bubble: Irrational exuberance has returned to the internet world. Investors should beware – The Economist

Politics:

The Millionaire Retirees Next Door: Typical retired couples will collect $1 million or more in Social Security and Medicare. This is more than they paid in, and the cost will fall on today’s workers – Wall Street Journal

Tax property, not people, for a fairer society -Guardian

Geithner Predicts Double-Dip if Congress Fails to Lift Debt Ceiling – National Journal

Americans Oppose Raising Debt Ceiling, 47% to 19% - Gallup

Social Security and Medicare to run short sooner than expected – CNNMoney

Lifeguarding in OC is totally lucrative; some make over $200k – Orange Country Register

Banks:

Goldman Viewed Unfavorably by 54% as Poll Shows No Damage - Bloomberg


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Posted in Economics, Markets, Media, Politics.


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