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Economics and Investing:

Why does this not give me a warm, fuzzy feeling? The Fed now owns Red Roof Inns [1]. (Thanks to SurvivalBlog’s Editor at Large Michael Z. Williamson [2] for spotting that article.)

Food stamp tally nears 40 million, sets record [3]. (Thanks to Brian B. for the link.)

G.G. sent this: America has good reason to worry about Greece [4].

Also from G.G.: EU close to €500 billion boost for rescue plan [5]

Reader Ralph N. ran across an article in The Wall Street Journal that confirms the warning that I made [6] three years ago: Will Nickel-Free Nickels Make a Dime’s Worth of Difference?
Plan to Mint Cheaper Coins Tests Mettle of Laundromats, Zinc Lobbyists

Items from The Economatrix:

Stocks Surge on Plan to Ease European Debt Crunch [7]

Fannie Mae Seeks $8.1 Billion in Aid After First Quarter Loss [8]

750 Billion Euro Rescue Package Sparks Global Rally [9]

Celente: Crash of 2010 Inevitable [10]

20 Most Stressed, Least Stressed Counties in America [11]

Greek Debt Contagion Fears Batter Euro, Stock Markets [12]

End of Unemployment Checks Mean No Income for Many [13]

Gold Heats Up as Athens Burns [14]

Gold Again Over $1,200…Going to $2,000+, But False Misleading Statements Still Abound [15]