Economics and Investing:

Top Marginal Tax Rate Now Exceeds 50% in California, New York, and Hawaii

Venezuela Sharply Devalues Its Currency

Jim W. sent this: Days After Freezing Prices, Argentina Bans All Advertising

By way of Professor Paul Caron’s TaxProf blog: Tax Hikes Backfire, Greece’s Revenues Plummet

Items from The Economatrix:

$5 Gas Hits California

US Postal Service Ends Saturday Delivery In August To Save Itself

Are Junk Bonds Warning Stocks Are About To Fall?