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Noteworthy News – May 2, 2011

Economy:

Bernanke says economy needs more time to heal – Reuters

Wal-Mart: Our shoppers are ‘running out of money’ - CNN Money

What’s wrong with America’s economy?: Its politicians are failing to tackle the country’s real problems. Believe it or not, they could learn from Europe – The Economist

Economy in U.S. Grows Less-Than-Forecast 1.8% as Government Spending Drops – Bloomberg

The Destruction of Economic Facts - Bloomberg

Education in America – Unemployment by field of study - The Raba Review

Chart of the Day: How Much Americans Save vs Spend - The Atlantic

McDonalds Hires 62,000, Turns Away Over 938,000 Applicants For Minimum Wage, Part-Time Jobs – ZeroHedge

Markets:

Have You Ever Tried to Sell a Diamond? – The Atlantic

Whatever Happened To The Housing Recovery? – Outside the Beltway

China Focus: China’s yuan exceeds symbolic 6.50 ratio against USD for first time – XinhuaNews

Politics:

Be Careful Wishing for the Fed’s End – New York Times

The U.S. Debt Ceiling: A Historical Look – The Atlantic

10 States Where Pensions Are Running Out of Money – 24/7 Wall Street

Banks:

Lehman Pays Managers, Advisers $31.9 Million in March, SEC Filing Shows – Bloomberg


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Posted in Economics, Markets, Media, Politics.


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