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Economics and Investing:

California debt rating cut as cash crunch looms [1]. (Thanks to GG for the link.)

World Health Organization Eyeing Global Tax on Banking and Internet Activity [2]

Items from The Economatrix:

UK: Consumer Confidence Takes a Dive [3]

US Jobless Rates to Stay High Until 2012 [4]

Barons of Wall Street to Face US Crisis Panel [5]

Consumers Are Squeezed as Inflation Outpaces Wages [6]

Obama Mortgage Relief Program Fails to Deliver [7]