Money in a Minute: Today’s Top Headlines From the World of Money

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In today's roundup: growing meat in a laboratory, lousy pay for new workers, tax refund anticipation loans...and more news you need today.

CREDIT CARDS: Credit card rates near 15 percent

Despite historically low rates on everything from mortgages to car loans, there’s one area of consumer credit that’s going the opposite direction: Credit card rates are now reaching all-time highs.

FOOD: South Carolina scientist works to grow meat in lab

Wine is produced in a winery, beer in a brewery, and bread in a bakery. Reuters reports on a scientist who one day wants to grow cultured meat in a “carnery.”

WORK: Jobs are back! But the pay stinks says that while U.S. companies are expanding jobs, many aren’t the jobs you’d want.  According to one expert they interviewed, nearly three quarters of the jobs added in 2010 paid between $8.92 to $15 an hour.

TAXES: The Season for Tax Refund Ripoffs

Huffington post columnist Don McNay calls tax refund anticipation loans “a payday loan guaranteed by your tax return.” He’s not alone: It’s something we’ve been talking about for years.

PRECIOUS METALS: Who’s got the gold?

The Wall Street Journal lists the top 13 countries holding the most of the Midas metal. First on the list? The United States, with more than 8,000 tons. Germany, Italy, France, and China round out the top five.

Stacy Johnson

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