America’s socialism for the rich – “The US has a huge corporate safety net, allowing the banks to gamble with impunity, but offers little to struggling individuals”

Electric Bikes Leave Cars in the Dust in China – “Last year, Chinese bought 21 million e-bikes, compared with 9.4 million autos. While China now has about 25 million cars on the road, it has four times as many e-bikes.”

Fed Lost $5.3b on Bear Sterns and AIG investments in 1Q – “The cumulative loss of the Bear and AIG holdings come to $16.46 billion since they were taken over last year.”

Visual Guide to the World’s Resources – Mint.com provides an interesting visual depiction of the world’s resources broken down by country.

Six Flags Files for Bankruptcy Protection – Six Flags is looking to rid itself of $1.6b in debt.

And now, Peter Schiff on the dollar and Japan’s supposed “unshakable faith in it”: ‘The strong dollar policy is like the Loch Ness Monster – Nodody’s Seen it’: