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Economics and Investing:

Reader Bill R. sent this: Sin Taxes for 2009 at all time high [1]. OBTW, since when is owning a gun a “sin”?

G.G. forwarded a link to a piece in The Economist: Gold: Store of value [2].

Also from G.G.: States Dodge Defaults as California May Cut Worker Pay [3]

Items from The Economatrix:

The Big Crash–America Plunges Into Depression for Real [4]

Gold Keeps Rising as Panicky Investors Look for Security [5]

Harry Schultz on the Power Elite, Free Markets, The Internet, and Why Gold Is Going Much Higher [6]

China Cuts Rare Earth Export Quota 72%, May Spark Trade Dispute With U.S. [7]

Inflationville [8]

China, Commodity King [9] (Mogambo Guru)

Manufacturing Cools in June as Manufacturing Slows [10]

Stocks Fall After Weak Manufacturing Reports [11]