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Economics and Investing:

Life in free fall: Horrific Retail Sales In Greece [1]

Illinois ends fiscal year $6.1 billion in red [2]

The latest from Pepperdine University law professor Paul Caron’s blog: Hedge Fund Billionaire Who Gave $9.6 Million to Obama in 2012 Skirts Tax Law to Pay 15% Tax Rate [3]

A Rise In Interest Rates Could Disrupt The Derivatives Market [4]

Items from The Economatrix:

Fed’s Stein Hints at September Taper [5]

Consumer Numbers Send Confusing Signal [6]

Business Activity In US Cools More Than Forecast [7]