Money in a Minute: Headlines From Around the Web

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TAXES: Americans agree: The rich should pay higher taxes

Two new polls confirm what shouldn’t surprise anyone: “A full 72 percent of adults approve of increasing federal taxes on households making more than $250,000 starting in 2013,” CNN reports. “Even a majority of Republicans want the rich to pay more.”

STOCKS: Percentage of Americans with stock hits 11-year low

Americans aren’t flocking to the stock market as the economy recovers, a new Gallup poll says. Only 54 percent of Americans said they own “individual stock, a stock mutual fund or in a self-directed 401(k) or IRA,” The Huffington Post reports. “The percentage invested has steadily declined from 65 percent in 2007.”

CARS: GM likely to retake No. 1 sales spot from Toyota

After declaring bankruptcy in 2009, General Motors is once again set to become the world’s top-selling car maker. “But even though General Motors came within 30,000 sales of Toyota last year and began strong in 2011,” USA Today reports, “any sales victory this year has more to do with Toyota’s problems.”

AIRLINES: FAA falls short on plan to aid fatigued workers

Sleeping air-traffic controllers are all over the news lately, but the FAA knew about the problem year ago – and proposed solutions that were never adopted. “An FAA committee that has been working for several years on new work rules to prevent fatigue among night-shift airline mechanics has made little progress,” the Associated Press reports.

GOLD: Fear, uncertainty are driving latest gold rush

Gold has surpassed $1,500 an ounce and it may not stop any time soon. “The steep price rise of the past year leaves little doubt that investor psychology is playing a major role,” MSNBC reports. “And there is no shortage of scary headlines to choose from.”

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