Afternoon News Briefs: The Poverty Trap

> It's Harder To Get A Job At The Apple Store Than It Is To Get Into Harvard (AAPL) - businessinsider
> The Poverty Trap - gregmankiw
> Federal Reserve: Starting July 1, 2010 Overdraft Fees Will Require Consumer Consent - consumerist

> The World's Most Insane Vending Machines - businessinsider
> Home-Purchase Index in U.S. Plunges to Lowest Level Since 2000 - bloomberg
> WSJ.com Economic Forecasting: Rate Increases Near Elections - online.wsj

> MBA: Purchase Applications Fall to Nine Year Low - calculatedriskblog
> The Global Oil Scam: 50 Times Bigger than Madoff - seekingalpha
> Guest Post: Goldman’s Global Oil Scam Passes the 50 Madoff Mark - zerohedge

> The Richest Members Of Congress - businessinsider
> Banks Are Getting Desperate With Principal Reduction Offers - ritholtz
> Goldman's Complete Presentation And Transcript From The Merrill Lynch Financial Services Conference - zerohedge

> Hotel RevPAR off 11.8 Percent - calculatedriskblog
> Keepin It Real Estate: Trial Modifications Are Criminal - minyanville
> Registered Rep Webcast: “Coffee Break” - ritholtz

> Can You Find “Superior Information” About Markets? - ritholtz
> HR3962 as Passed: the importance of close reading ~ Angry Bear - angrybear
> Bill Gates Thinks You Make Too Much Money - dealbreaker