Unconscious Capitalism…we’ve witnessed that. Even Drunk Capitalism may sound more accurate than Conscious Capitalism.


 
 There have already been more than three times the number of target date fund liquidations so far this year than there were in all of 2008. Moreover, experts predict that trend to increase as smaller fund managers are finding it nearly impossible to gain traction in the market. Year-to-date, there have been 26 target date fund liquidations, compared with eight for all of 2008, according to Morningstar.


 
 With the economy in recovery mode, Tim Palmer, a senior portfolio manager with First American Funds, has zeroed in on the financial sector’s high-grade bonds. “The economic recovery won’t be all-inclusive and rapidly expanding from this point,” said Mr. Palmer, who manages $15 billion in fixed-income portfolios.


 
 Swiss bank UBS AG reports earnings for the third quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period.

Around the Web: Redundant at 13: recession costs paperboy his job | UK news … Affinion Group, Inc. Announces Results for the Third Quarter Ended September …

As part of its Bearing Witness 2.0 project, the Huffington Post is rounding up a few of the best local stories of the day. Tammy Compton of the Wayne Independent reports that a Waymart, Pa., woman managed to save money on health care costs by foregoing insurance. Carol (she withheld her last name) recently quit her job of six years at a utility company because of high stress, which made her ineligible for unemployment benefits.

With $150 billion spent to date, the White House estimates that the Recovery Act has saved or created roughly one million jobs. This figure includes 650,000 direct jobs saved or created by state governments and contractors as well as an estimate prepared by the White House’s Council of Economic Advisers that stimulus spending created another 350,000 indirect jobs. Citizens across the country will soon be able to log on to www.recovery.gov to see how many of these jobs have come to their states and neighborhoods