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Economics and Investing:

Blog reader Paul C. sent: Mickelson plans ‘drastic changes’ in response to tax hikes [1]. (Effectively a 63% tax rate, for high income earners, in California.)

Pacific Group to Convert 1/3 of Hedge-Fund Assets to Gold [2]

Obama’s New ‘Pay as You Earn’ Plan a Windfall for MBAs [3].

Items from The Economatrix:

A Look Inside The Fed On Verge Of Crisis [4]

America Should Declare Bankruptcy [5]