Economics and Investing:

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The High Burden of State and Federal Capital Gains Taxes. (California’s new combined rate us a whopping 33%. Ouch!)

Report: United States lost 11,630 farms in 2012

What European Recovery? Unemployment at record high and debt only keeps reaching more unsustainable levels. Italy’s Debt to GDP crosses 125 percent.

Items from The Economatrix:

The Trigger Has Been Pulled, The Crash Has Begun, How Are Things Going To Play Out

Are We Headed Toward An Economic Collapse? Preparing For A Financial Armageddon

Moody’s Cuts UK Credit Rating One Notch To Aa1

US Consumers Hit By Payroll Taxes, Rising Gas Prices: Up Next, Government Austerity!