Economics and Investing:

Fruit of the Loom to close Jamestown plant, lay off all 600 workers. They are still going to be making t-shirts and underwear. They will just be made in Honduras from now on. – J.W.

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Why would the world’s largest nation want this “ancient relic”? China Takes Steps To Further Conceal Gold Holdings . – J.W.

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Items from The Economatrix:

The Comprehensive Guide On Why You Will Never Retire Living The Way You Do: Examining The Typical $50,000 Household Budget And Why Most Americans Have Nothing To Very Little Saved For Retirement.

Housing Won’t Save Broader Economy

Summers: Recovery Could Come On Unstable Footing

Jobless Claims Jump As Economy Struggles To Recover