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Today's Teamster News 07.22.12

Jobless Recovery: 43 States Have Fewer Jobs Now Than They Did Before Recession  Associated Press   ...Overall, the U.S. economy has 3.5 percent fewer jobs than it did before the Great Recession, which began in December 2007...
Tax Justice Network: Wealth Held in Tax Havens Skyrockets  Wall Street Journal   ...The Tax Justice Network’s report estimates that unreported offshore wealth held in tax havens has reached at least $21 trillion, and possibly as much as $32 trillion. That wealth means that the problem of inequality in wealth and income is actually worse than suspected, the group says. It also means that many countries are losing out on tax revenue that could go a long way toward alleviating their national fiscal problems...
Failing to Break Up the Big Banks is Destroying America  zero hedge   ...Now that the economy has crashed, the big banks are making very few loans to consumers or small businesses because they still have trillions in bad derivatives gambling debts to pay off, and so they are only loaning to the biggest players and those who don’t really need credit in the first place...
Is a Great Grey Exodus from America Starting?  naked capitalism   ...I see more and more people of modest and better means planning on becoming expats to make their retirement incomes go further...
Plug-in hybrid sales soar; all-electric cars stay in low gear  Los Angeles Times   ...'Pure' electric cars post underwhelming sales. Their limited range and higher prices, plus the lack of a strong public infrastructure for recharging their batteries, hurt their appeal...
Viral Facebook post says Barack Obama has lowest spending record of any recent president  Politifact   ...The Truth-O-Meter Says Mitt Romney is wrong to claim that spending under Obama has "accelerated at a pace without precedent in recent history," because it's actually risen "slower than at any time in nearly 60 years..."