Economics and Investing:

Tim Geithner Refuses to Answer Congressman Brad Sherman’s Question on Derivatives Bailouts

Reader “Countrytek” recommended this NPR news story: Many Left Uncounted in Nation’s Official Jobless Rate

Items from The Economatrix:

Baby Boomers to Kids: Kiss the Inheritance Good-bye

Obama Rejects Second Round of Stimulus First infusion [was] “not designed to work in four months…designed to work over two years.”

Stocks Slipped 2% Last Week

Christmas Creeps into July at Sears

US Budget Deficit Tops $1 Trillion for First Time

After Losing Homes, Families Move into Tents

Awash With Cash (The Mogambo Guru)

Major Lender Faces Crunch

Study: State Budget Crunches Will Slow Economy

Republicans Unify Against More Stimulus Spending Call $787 billion plan ‘flop,’ say it hasn’t fulfilled its hype

Obama Urges Patience on Economic Plan ‘It will steadily save and create jobs as it ramps up over this summer and fall’

Empty Parking Spaces Sign of Recession

Boston Zoo May Close, Euthanize Animals