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This edition of Economic Update include updates on: Bernanke's new big-bucks finance job, how GM is avoiding billions in victims' claims for faulty ignitions, how a Seattle capitalist raised all of his employees salaries to a $70k/yr, Americans' self-delusion on inequality, how private profit is trumping public policy and anti-student-debt activism. Responses to listeners in the second half of the show include: the impact on China if capitalism's relocation is stopped and major discussions on the economics of wages and prices, the narrowness of economics in education and basic global economic development issues.