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Economics and Investing:

America’s Poorest States [1]. [JWR Notes: I was surprised to see Montana on the list. Of course up there they are strong on barter and self-sufficiency, and that economic activity simply doesn’t register in dollar terms. A large portion of the population in Montana cuts their own firewood, hunts, and has a vegetable garden. My consulting clients in Montana tell me that lots of transactions are paid for in firewood, shed antlers, and even frozen huckleberries.]

Ayn Rand Institute president Yaron Brook the annual Ayn Rand dinner: The Coming Collapse: “We Can Buy Time, But We Can’t Change the Outcome” [2]

Deep in sewer debt: Jefferson County Approves Deal With Creditors [3]. (A hat tip to Sue C. for the link.)

Items from The Economatrix:

Unemployment Rates Rose in Majority of States [4]

Household Wealth Dipped in Spring [5]

Oil Drops as US, Europe Clash Over Debt Crisis [6]

Almost 1 in 6 Americans Living Below Poverty Line [7]. (Of course keep in mind that the American definition of “poverty” includes living with cable television, a car, XBox, air conditioning, et cetera.)